Cheer Up OC, Better Times Predicted in 2011

By Jonathan Lloyd
|  Thursday, May 14, 2009  |  Updated 8:00 AM PDT
View Comments (
)
|
Email
|
Print
Cheer Up OC, Better Times Predicted in 2011

Michael Edwards

Turn that frown upside down Orange County -- a new reports says better times are ahead.

advertisement

Orange County will get its groove back by 2011, according to economic forecasters at Cal State Long Beach.

The economists' report says "economic conditions will start to look considerably better by 2010. Furthermore, we predict that Orange County will be the best-performing area in the region by 2011, as a real recovery finally gets under way," according to a report in the Orange County Register.

But that prosperity will be preceeded by more tough times. Nearly 18,000 jobs will be cut in 2009. That's on top of the 31,000 jobs lost last year.

The projected increase would still leave the county more than 37,000 jobs short of its peak employment in 2006, according to the Register.
 

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Running Dry
Coverage of the California drought. Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out