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New Economic Forecast From Ventura County Research Project Shows Improvement For State

Posted on Friday, June 21, 2013 12:52pm

A new report by a Ventura County based economic forecast project says the state’s economy is clearly improving.

California Lutheran University’s Center for Economic Research and Forecasting released its latest state, and national analysis today.

Executive Director Bill Watkins says most metropolitan areas in the state showed job increases over the last year.

He says other positive signs are foreclosures are dropping, home prices are up, and there have been increases in construction.

But, he says the state still has major problems, including large numbers of people receiving government aid, and the state’s population has continued to shrink for eight straight years.

Watkins says the national recovery is occurring at what he calls a “tragically” slow pace, and questions whether the current real estate recovery is sustainable.

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