California News Southern California

SoCal Economic Growth Hits 7 Year Low

Los Angeles Daily News-

Southern California’s economy is growing at its slowest pace in more than seven years, according to an index from the Federal Reserve Bank of St. Louis.

To create regional indexes that track a region’s business output, Fed researchers reviewed a dozen economic benchmarks — from jobs and salaries to construction permits to bank profits and gross metropolitan product. The results mirror the economic growth of 66 metropolitan areas.

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