California

WBC Forecast Table

California

Forecast Released February 1, 2012

2012 Forecast
	Annual Percent Change 2012 from 2011
	Current $ Personal Income	Retail Sales	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Anonymous	3.8	3.6	1.3	1.2	13.8
Chapman University	5.4	5.3	1.7	0.9	10.9
Legislative Analyst's Office	4.1	7.0	1.3	0.9	32.0
Southern California Association of Governments	4.0	5.6	1.3	1.0	40.0
UCLA - Business Forecasting Project	3.8	3.4	1.2	0.9	18.5
University of the Pacific	3.3	4.1	1.2	1.0	5.5
Wells Fargo & Company - MN	3.8	3.8	1.1	0.9	12.0
Woodbury University	3.4	3.2	1.3	0.9	6.0
Consensus - This Month	4.0	4.5	1.3	1.0	17.3
Consensus - Last Month	4.1	5.2	1.4	0.9	35.1

2013 Forecast
	Annual Percent Change 2013 from 2012
	Current $ Personal Income	Retail Sales	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Anonymous	4.1	6.5	1.8	1.2	71.8
Chapman University
Legislative Analyst's Office
Southern California Association of Governments
UCLA - Business Forecasting Project	4.3	3.9	2.0	0.9	109.5
University of the Pacific	3.7	4.6	1.5	1.0	97.4
Wells Fargo & Company - MN	3.9	3.9	1.5	0.9	19.0
Woodbury University	3.1	3.1	1.5	0.9	16.0
Consensus - This Month	3.8	4.4	1.7	1.0	62.7
Consensus - Last Month	3.8	3.6	1.7	0.9	48.2

California Update and Outlook

In December 2011, the number of employed Californians rose by 73,000 to 16,198,000. There were more employed Californians in December 2011 than in any month since May 2009. California has now experienced four consecutive large monthly employment increases, with the increase over the period totaling 367,000 persons. As a result of this growth spurt, California’s year-over civilian employment gain totaled 320,000 (2.0 percent) in December 2011. This was the state’s largest year-over employment gain in both number and percent since September 2005.

California Employment Development Department
http://www.labormarketinfo.edd.ca.gov/