California's Economic Divide: Thriving vs Struggling Regions
Update: 2025-12-03
Description
Californias economy is grappling with a stark divide, as per a UCLA Anderson Forecast report. High-growth areas, particularly those benefiting from venture capital in sectors like AI and aerospace, are thriving, while others struggle with tariffs and immigration policy changes. Nearly seventy percent of US venture capital spending in the first half of this year went to California, boosting areas like LA and Orange counties in aerospace and defense, and the Bay Area in AI. However, areas reliant on agriculture, construction, and hospitality are experiencing job losses due to immigration policies, with the San Joaquin Valley being significantly impacted. The housing market is also facing challenges due to deportations reducing skilled workers and tariffs increasing building material costs. Unemployment is predicted to peak early next year before declining, with growth anticipated to pick up in the latter half of next year.
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