As we look ahead to 2026, California’s economy is facing significant challenges. The UCLA Anderson Forecast indicates a sluggish job market with an unemployment rate projected to peak at 5.9% early next year, primarily due to a bifurcated economic landscape. Areas benefiting from tech investments, like Los Angeles, contrast sharply with regions grappling with job losses from the impact of tariffs and immigration policies.
Despite dominating venture capital allocations, the tech sector is experiencing shake-ups, particularly with layoffs in Silicon Valley as firms pivot toward AI investments over traditional labor. This dynamic paints a complex picture of an economy still reeling from earlier disruptions.
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