As the economy in California begins to stabilize, its become evident that the progress is unequal as coastal regions begin to rally and inland areas continue to sink.
The Wall Street Journail wrote, “Unemployment rates are dipping and home prices are rebounding in the San Francisco Bay area, which is driven by its technology industry and exports, and in coastal Southern California, where entertainment and other industries are starting to benefit from the economic thaw.
But in the state’s Central Valley and Inland Empire regions, where the downturn struck earlier and harder, unemployment rates are still rising and the battered construction industry keeps shedding workers.”
“California has become increasingly divided between coastal and inland areas,” Hans Johnson, associate director at the Public Policy Institute of California, a San Francisco think tank, told the Journal.
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