Report Says Local Economy Will See Steady Growth

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(Sacramento, CA)
Monday, April 2, 2007

Analysts with the University of the Pacific’s Business Forecasting Center say employment will grow slightly by 1% but wages will rise around 4%. 

"Wages are going to increase faster on average in Sacramento then elsewhere, Sacramento will be ranked, we predict, will be second in the state."

And Chuck Williams – the dean of UOP’s Eberhardt School of Business – says even though excess inventory will cause home builders to delay plans for new houses, the decline will be short-lived. 

"We’re predicting a 7.8% increase in housing starts which would be the second fastest area in California."

He says one reason for the rosy outlook in Sacramento is because of the steadying effect of state government jobs and a highly diversified economy.