Jobs will come back and the state's economy will recover faster than the nation's, a UCLA forecast says, led by home-building, consumer spending, and tech jobs.
California accounted for 38% of new U.S. jobs in April as leisure and hospitality businesses ramped up hiring. But the unemployment rate was stuck.
Feler said a lag in international tourism given the persistence of COVID-19 and patchy vaccination rollouts abroad could slow California’s rebound, particularly the reopening of hotels and restaurants. Fewer visitors flying into Los Angeles International Airport also means lessSome bars, eateries and retailers may take “a wait and see approach” before staffing up, he said, fearing that many of the usual officegoers, now working remotely, will fail to return.
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