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April 26, 2002

Latest CSUS Forecast predicts continued
growth for Capital Region economy

Full Report

Strength in the housing sector and the stabilizing influence of state government employment continue to shield the Capital Region from the job losses being felt in much of the nation, according to the quarterly CSUS Forecast released today by the California Institute for County Government at California State University, Sacramento.

The seasonally adjusted job growth in the region stayed positive in March at .66 percent, compared with -0.49 percent statewide and -0.93 percent nationwide. The Bay Area employment figures, meanwhile, contracted -3.99 percent in March.

The forecast says the Capital Region will have continued slow job growth for the next 12 months, with no period of negative growth. It predicts job growth in the region of about 2 percent by March 2003.

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.

The forecast 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 by contacting Matthew Newman, director of the California Institute for County Government, at (916) 324-0796, by sending an e-mail to info@cicg.org or by visiting the institute's website at www.cicg.org. Additional media assistance is available by contacting CSUS public affairs at (916) 278-6156.


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