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Sacramento Economy To Grow, But Slowly

 
Sacramento Economy To Grow, But Slowly
Posted January 22nd, 2014 @ 3:35pm by KFBK News - Mike Simpson

It'll be slow, but Sacramento is expected to see some economic growth this year.

The annual Business Review out of Sac State sees a continued recovery over much of 2014.

"We're gonna see job growth we think in the 1-2% for payroll jobs, pretty modest number overall," said John Ledderer.

Ledderer, with Wells Fargo, is on the university's panel and says a better financial picture for the state and an aging population are factoring in.

"...and also we have this prospect of a downtown arena which could help on the job front," he added.

Health care, education, leisure and retail are likely to see the largest gains.  Housing prices should stablize, heading up no more than another 5-7%.

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