Top header graphic with link to CSUS Home Page california state university, sacramento
Header Graphic
sac state homeuniversity affairspublic affairs
 

   search CSUS
     website


   main news page

media resources graphic
   news releases
   news and events
     archive

   fact & stats
   experts guide
   news by e-mail
   contact news
     services staff


publications graphic
   Capital University
     Journal

   CSUS Bulletin
   Newslink
   CSUS Catalog
   Viewbook (pdf)
   How-to Guide (pdf)

calendars graphic
   events this month
   search events
   academic
   athletics
   commencement

people graphic
   outstanding     
     teachers

   new faces
   in the news
   professional     
     activities

   in memoriam

additional news graphic
   Capital Public Radio
   alumni association
   crime alerts
   construction
   CSU system
   CSU campuses

visitors resources graphic
   ceremonies and     
     visitor relations

   commencement
   CSUS ticket office
   campus directory
   campus tours

contact us graphic
   news services
     staff directory

   submit news
     & events

   feedback

 

April 17, 2003

Forecast: State budget troubles have region struggling

Full study

In March, for the first time in two years, California’s economy as a whole outshined the Sacramento region’s as state budget woes continued to take a toll on local job growth, according to the quarterly CSUS Forecast from the California Institute for County Government at California State University, Sacramento.

The report says the Sacramento area’s job growth was .88 percent, down from 1.9 percent a year ago, while the state’s was 1.52 percent, significantly up from -0.58 percent a year ago. In fact, the state’s job growth is also well ahead of the nation’s, which was -0.19 percent in March.

The report says slow job growth nationally as well as reduced state spending in the area are to blame for the region’s economic troubles. It also says prospects for improvement in coming months are dim because of expected layoffs of state workers and possible state tax increases. It predicts there will not be a return to strong job growth in the region anytime in the next 12 months.

Growth in each of the region’s three main sectors – construction, manufacturing and government – was off slightly from February to March. Manufacturing job growth remained negative.

The forecast accounts for revised figures from the Employment Development Department which, contrary to previous reports of declines, show modest job growth in the Sacramento region last year.

The quarterly CSUS Forecast of the region's job outlook uses an econometric model of the six-county Capital Region with more than two dozen variables. It was developed by the California Institute for County Government with support from the CSUS Regional Development Initiative. CSUS economics professor Suzanne O'Keefe and Robert Fountain, special assistant for regional development at CSUS, served as project advisors. Shawn Blosser of Databasix provided assistance with model development and programming.

More information is available from Matthew Newman, director of the California Institute for County Government, at (916) 324-0796, or at the institute’s website at www.cicg.org. Additional media assistance is available by contacting CSUS public affairs at (916) 278-6156.

####

Bottom bar graphic back to top


California State University, Sacramento • Public Affairs
6000 J Street • Sacramento, CA 95819-6026 • (916) 278-6156 • infodesk@csus.edu