Report: O.C. to add 100,000 jobs by 2014 May 12th, 2011, 6:00 am posted by Mary Ann Milbourn Orange County is poised for major job growth with local employers expected to add more than 100,000 workers to payrolls over the next three years, according to a 2011 economic forecast released today by Cal State Long Beach. “We do see growth still muted for this year, but accelerating next year and in 2013,” said Lisa Grobar, a CSULB economist who oversees the forecast. “But the story is really positive with growing strength.” The forecast predicts Orange County will lead the region in hiring, adding a modest 19,000 new workers this year after losing that many in 2010. Next year, however, hiring is expected to more than double to 39,000 new positions and then grow by another 43,000 in 2013. While a healthy turnabout from the job losses of the last four years, Long Beach’s forecast for 2013 still would leave Orange County employment 64,000 below the peak of 1.5 million in 2006. Grobar said Orange County and the region are finally getting back in sync with the national economy after taking greater hit from the mortgage meltdown and real estate slump.
Just what we need in the Orange County Real Estate market – good news about job growth! Hopefully good news like this will continue to add to consumer confidence and bring our economy back out of the pits. Giving Mission Viejo home buyers and sellers the courage to do what they want and need to do for themselves and their families. When the unemployment rate starts going down and the economy starts to hummm again, folks who bought Mission Viejo homes in today’s real estate landscape of low sales prices and record low interest rates will be ecstatic. Can’t wait to see how this trickles down to Real Estate trends in Mission Viejo over the next year!