Overview of the California Economy

1
Overview of the California Economy

• Stephen Levy
• Center for Continuing Study of the California
  Economy

2
The Twin Challenges of Economic Growth and
Workforce Investment

• Economic Growth
• Identify sectors for innovation and growth, for
  example, biotech and nanotech
• Identify workforce and other policies to support
  high growth sectors
• Most focus will be on the regions economic base
• Workforce Investment
• Identify sectors where people can find career
  paths and upward mobility, for example, nursing
  and construction
• Identify workforce policies that support both
  individuals and sectors
• Most focus may be on population-serving sectors

3

• California and the Nation
• Grow Together

4
(No Transcript)
5

• National Economic
• Trends and Issues

6
(No Transcript)
7
(No Transcript)
8
(No Transcript)
9
National Economic Issues

• Short Term Economic Issues
• An inflation spike
• Higher interest rates
• Slowing economic growth
• Long-Term Economic Issues
• Budget deficits
• Trade deficits
• Medicare, Medicaid, Social Security

10

• California Compared
• To the Nation

11
(No Transcript)
12
(No Transcript)
13
(No Transcript)
14

• The Nine Economic Regions
• Of California

15
(No Transcript)
16
(No Transcript)
17
(No Transcript)
18
(No Transcript)
19
(No Transcript)
20
(No Transcript)
21
(No Transcript)
22
(No Transcript)
23
The Economic Base and Regional Analysis

• The Relative Impact of Basic and Population
  Serving Industries
• Basic Industry Structure Explains Regional Growth
• Major Basic Industry Sectors

• High Tech
• Information
• Professional, Business Services
• Resource Based

• Diversified Manufacturing
• Tourism and Entertainment
• Wholesale Trade and Transportation
• Government

24
(No Transcript)
25
(No Transcript)