[QODLink]
Central & South Asia

California economy sees signs of rebound

Job growth and improved housing market signal upturn after five years of economic decline.
Last Modified: 19 Dec 2012 03:26

After five years of economic decline, the US state of California is apparently showing signs of an upturn with job growth and an improved housing market.

Statewide employment dropped 1.4 per cent since last year and is now at its lowest level since 2009. Home sales are also increasing, signalling a rise in consumer spending.

California's budget deficit is also projected to shrink to $1.9b this year, compared to shortfalls of $25bn in recent years. 

Al Jazeera's Rob Reynolds reports from Los Angeles. 

82

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
Swathes of the British electorate continue to show discontent with all things European, including immigration.
Astronomers have captured images of primordial galaxies that helped light up the cosmos after the Big Bang.
Critics assail British photographer's portrayal of indigenous people, but he says he's highlighting their plight.
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
Featured
No one convicted after 58 people gunned down in cold blood in 2009 in the country's worst political mass killing.
While hosting the World Internet Conference, China tries Tiananmen activist for leaking 'state secrets' to US website.
Once staunchly anti-immigrant, some observers say the conservative US state could lead the way in documenting migrants.
NGOs say women without formal documentation are being imprisoned after giving birth in Malaysia.
Public stripping and assault of woman and rival protests thereafter highlight Kenya's gender-relations divide.