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

   search CSUS

   main news page

media resources graphic
   news releases
   news and events

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

publications graphic
   Capital University

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

calendars graphic
   events this month
   search events

people graphic

   new faces
   in the news

   in memoriam

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

visitors resources graphic
   ceremonies and     
     visitor relations

   CSUS ticket office
   campus directory
   campus tours

contact us graphic
   news services
     staff directory

   submit news
     & events



October 17, 2002

Quarterly CSUS Forecast:
No regional job growth until next summer

Full Study

The Capital Region's first slump in employment growth in nine years continued in September, with no turnaround likely until next summer, according to the quarterly CSUS Forecast released today by the California Institute for County Government at California State University, Sacramento.

September employment growth in the region was -0.36 percent. Forecasters predict slightly negative job growth will continue through August.

By comparison, the Bay Area's job growth was -2.19 percent in September, and the state's was -0.39 percent.

Until this June, the Capital Region had avoided the job losses plaguing most of the nation. But forecasters say weakness in the national economy and financial markets, the state budget deficit and worsening consumer sentiment all caught up with the local job market.

Among key local sectors, the forecast says manufacturing appears poised for a recovery. Construction hiring grew slightly in September for the first time since April. State government hiring, which has slowed due to the state budget deficit but has not gone negative, continues to act as a stabilizing influence.

The forecast says risks to the predicted job growth for next summer include any decline in the national economy, continued turmoil in the financial markets and possible military action in Iraq.

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 by contacting Matthew Newman, director of the California Institute for County Government, at (916) 324-0796 or by visiting the institute's website at 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 •