The big news in Stanislaus County these days is that a big Internet retailer – almost certainly Amazon – will establish a huge distribution center in Patterson that would employ at least 1,500 workers.
Meanwhile, California new car sales reached nearly 1.3 million vehicles last year, a 9.9 percent improvement over 2010, and the state’s unemployment rate dipped in December to 11.1 percent, down 1.4 percentage points from the previous December, with at least a quarter-million more working.
Are they signals that California’s economy, clobbered by the worst recession since the Great Depression, is on the mend? “Indeed,” says Beacon Economics’ Chris Thornberg, “virtually all major economic indicators have been trending positively for the state, and the nation overall. The recovery is real.”
But there’s a lot of uncertainty about recovery’s rapidity and sustainability.
Powered by Facebook Comments
Category: California News