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Busines Journal: Sac Economy WAS Good...Until Recently



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(Sacramento, CA)
Wednesday, May 12, 2010
Analyst firm Policom Corp. says the four-county region had the fifth-strongest economy from 1988 to 2008, with fast-paced job growth and thriving companies.
 
But, as we know all too well, the Sacramento region’s economy has been one of the hardest hit with the recession, with a modern-day record jobless rate — and more than 130,000 people looking for work.  Plus, the cash-strapped state — easily the region’s largest employer — enacted three-day-per-month furloughs last summer and layoffs are possible in order to deal with next year’s pending $20 billion budget deficit.
 
Seattle, Washington, D.C, Denver and Houston had the strongest economies, followed by Sacramento, at least through 2008.
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