California's economic recovery is gaining steam as consumer confidence and retail spending improve, according to a year-end economic forecast by the University of California, Los Angeles Business Forecasting Project.
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Tom K . Lieser, associate director of the UCLA Business Forecasting Project, noted that the state rate still exceeds the national percentage, which settled at 5.4 percent last month.
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"That's encouraging, because retail sales have been kind of mixed because of bad weather, " said Tom Lieser, associate director of the University of California, Los Angeles Business Forecasting Project.
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Tom K . Lieser, executive director of the Business Forecasting Project at the Anderson School at the University of California, Los Angeles, is worried that tourism may suffer a blow.
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In conjunction with Holt Wilson ( Central Michigan University ) and Barry Keating ( Notre Dame University ), John Galt Solutions published " Business Forecasting " ( 6th Edition ).
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EconomistDavid Hensley, who tracks the state for New York-based Salomon Brothers and is the former head of UCLA's Business Forecasting Project, said that the real estate market is indeed rebounding.
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In addition, acquisitions and mergers aren't the biggest source of aerospace and defense job losses, said Tom Lieser, associate director of the UCLA Business Forecasting Project, an economic research group.
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"We've learned to be a little suspicious of large increases or decreases in one month, " said Tom K . Lieser, the associate director of the UCLA Business Forecasting Project.
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The average entertainment salary of $ 47, 000 a year nears the $ 53, 000 annual income of aerospace workers, according to the University of California, Los Angeles Business Forecasting Project.
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Tom K . Lieser, associate director of the UCLA Business Forecasting Project, noted that the state rate still exceeds the national percentage, which settled at 5 . 4 percent last month.
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