More slow growth is in the forecast for Ventura County, according to a new economic forecast report released by a South Coast university today.
The California Lutheran University Center for Economic Research, and Forecasting in Thousand Oaks says jobs in the county won’t reach their pre-recession rate until 2018.
Executive Director Bill Watkins says the county’s population will continue to age, which will mean a weaker economy, and declining school enrollment.
The latest report indicates that the county isn’t reaching its growth potential, and that the areas where this is job growth, like the retail and hospitality sectors, are dominated by lower paying jobs.
Watkins says the county needs new households, and new higher paying jobs to boost the county’s economy.