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Report Says San Joaquin Valley Economy is Slowly Recovering

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(Sacramento, CA)
Friday, July 20, 2012

A new report says the forecast for the economy in the San Joaquin Valley is slightly positive. 

The report from California State University, Stanislaus says job creation was up in the last four months of last year and for the year as a whole.   That's the first time since 2007 the region has gained jobs year-over-year.   

The performance of the stock market and an increase in consumer confidence also contributed to the assessment things are improving.

A slide in home prices and a loss of durable goods and financial jobs continue to weigh on the economy.  Europe's dept problems and a slowdown in China's and India's economies are also noted in the report as factors that could stall an economic recovery.

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