California's economic growth outpaces job gains: SF Fed study
California's economic growth outpaces job gains: SF Fed study
- April 16, 2013
- A study by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, and Jennifer Muz, economics graduate student, is featured by Reuters April 15, 2013
From Reuters:
A surge in high-paying jobs has boosted California's economic output over the past
two decades, but probably also exacerbated its poverty problem, according to a study
published by the San Francisco Federal Reserve Bank on Monday. Economic growth in
the Golden State from 1990 to 2011 outpaced job growth, University of California,
Irvine professor David Neumark and PhD candidate Jennifer Muz showed in the study,
published in the latest edition of the San Francisco Fed's Economic Letter. "Evidence
suggests that the reason California has experienced faster economic growth than job
growth is that employment has shifted to high-wage industries," the researchers found.
For the full story, please visit http://www.reuters.com/article/2013/04/15/usa-fed-california-idUSL2N0CZ2....
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