IE Business Daily Business news for the Inland Empire.
California is expected to post steady job gains during the next five years, according to a report released Wednesday.
The report, an economic forecast and industry report by the Los Angeles County Economic Development Corp., predicts a 7.5 percent unemployment rate for the state this year and seven percent next year.
Between 2015 and 2019, the state will average 6.6 percent unemployment, the report stated.
The report, which calls California’s economy one of the largest and most diverse in the world, predicts a faster rate of job growth than the state has experience during the past few years.
Even the manufacturing sector, which is criticized constantly by members of the business community for being over-regulated, is expected to add more than 21,000 jobs during the next five years, according to the report.
