California economy sees signs of rebound

Job growth and improved housing market signal upturn after five years of economic decline.

    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. 

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The peace games: Dreaming big for South Sudan's youth

    The peace games: Dreaming big for South Sudan's youth

    A relatively new independence and fresh waves of conflict inspire a South Sudanese refugee to build antiwar video games.