FINANCE
Positive Signs for California Job Growth
More people should be employed in California during the fourth quarter of this year as companies around the state continue to add staff.
Chapman University in Orange, Calif., issued its quarterly “California Index of Leading Employment Indicator,” which predicted healthy job growth in the fourth quarter of this year, although down slightly from the third quarter.
Various economic indicators predicted expansion. In the third quarter of 2014, there was a year-over-year 2.3 percent rise in the nation’s gross domestic product, a 17.3 percent increase in the S&P 500, a 4.6 percent expansion in real exports and a 17.9 percent jump in construction spending.
The composite index for the fourth quarter is expected to be at 123.5 compared with 126.8 in the third quarter. Anything above 100 indicates positive job growth.
During the recession, the indicator fell as low as 46.6.
