UCLA Anderson: CA Recovery to Begin Late 2026

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Today’s release of the latest edition of the UCLA Anderson Forecast contains a somewhat sobering assessment of the California economy. The Forecast projects that the state’s economy won’t start recovering until late 2026. It does, however, project that growth will accelerate in 2027. The report forecasts flat employment growth in California through 2026, with nonfarm payrolls falling -0.1% in 2025, rising only 0.1% in 2026, and then increasing 2.2% in 2027. As a result, the state’s unemployment rate is projected to peak at 6.2% in early 2026 and decline to an average of 4.6% in 2027. The Forecast cites immigration issues as one of the sources of stress in the California economy.


You can find a link to the press release here.


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