Thornberg: Slower growing economy doesn’t mean recession near
The eight-year trend of economic growth in California and the Central Coast does not necessarily mean a recession is coming, according to economists who spoke at the Central Coast Economic Forecast on Nov. 3 in San Luis Obispo. A common belief is that the economy has a life cycle that inevitably switches back and forth Read More →
Read More →Central Coast has time to adjust to Diablo Canyon closure
The closure of the Diablo Canyon Power Plant will hurt the San Luis Obispo County economy but the region will have time to adjust as the plant cycles down, Robert Kleinhenz of Beacon Economics said. Pacific Gas and Electric announced plans in June to close its power plant by 2025, leaving the area without one Read More →
Read More →State’s housing prices too high for middle-income residents
A housing shortage is driving the middle class out of California. Several reports from Next 10 and Beacon Economics illustrated the state’s growing housing to jobs imbalance. Housing prices will continue to climb unless cities and counties increase residential densities and streamline the permitting process, according to the reports. More people are leaving the state Read More →
Read More →In Star Wars creator’s building struggle, a new hope for housing
Chris Thornberg and George Lucas are not usually found in the same room — let alone the same sentence.
Read More →Slow SLO recovery forecast
Like the rest of California, San Luis Obispo County is winding very slowly to a full economic recovery, forecasters at the Central Coast Economic Forecast said Nov. 5. The county’s unemployment rate currently hovers around 10 percent, and will likely stay above 6 percent until sometime in 2015, economists from the forecasting group Beacon Economics Read More →
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