PRESS RELEASE

UCLA Anderson Forecast: FED Expected to “Normalize” Interest Rates While Job Growth and Wage Increases Drive Consumption and Push Real GDP Growth Past 3.0%

California Forecast Expects Steady Gains In Employment Through 2017

EMPLOYMENT FORECAST

Office-Using Employment Growth Across Cities, 2000 to 2015

In this report, we will discuss the growth of office using employment across metropolitan areas in the U.S. from 2000 to 2015. Office-using employment includes three major sectors: (1) information, (2) financial activities, and (3) professional and business services.

FORECAST BLOG SERIES

Industrialize Your Job Now

UCLA Anderson Distinguished Professor of Decisions, Operations, and Technology Management Uday Karmarkar addressed the December edition of the UCLA Anderson Forecast conference, self-referencing as a humble “tourist” among the gathered economists and followers of the forecast. Forecast Director Edward Leamer introduced him following a discussion of robotics and other forms of automation in the traditional workplace, but said of Karmarkar, “He doesn’t have to worry about robots taking his job anytime soon.”

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Forecast: Fed Expected to “Normalize” Interest Rates While Job Growth and Wage Increases Drive Consumption

UCLA Anderson Forecast’s fourth 2015 quarterly economic report for the United States says the Federal Reserve will start to normalize interest rates as its prolonged “zero interest rate” policy reaches its end, with the most recent financial crisis long over and the unemployment rate indicating near full employment. In California, the there is no indication of any slowdowns or declines in the continuing growth of both employment and income in California and, in fact, the employment sector will grow throughout the forecast period.

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