Story perspectives

San Joaquin Valley: Economic Growth Amid Recession Warning

1/19/2025

27 4

Summary

Story summary

The San Joaquin Valley Business Forecast anticipates declining inflation but warns of a potential recession by late 2025.
Employment increased by 0.56% in 2024, with education and health services seeing a notable 6.21% recovery.
Single-family housing permits rose by 25.34%, and values increased by 5.20%, despite high interest rates.
Average weekly wages grew by 1.78%, but real wages decreased by 1.31%, affecting purchasing power.
Economic growth is projected to continue in 2025 and 2026, fueled by expected rate cuts.

1 of 1

Story summary

The San Joaquin Valley Business Forecast anticipates declining inflation but warns of a potential recession by late 2025.
Employment increased by 0.56% in 2024, with education and health services seeing a notable 6.21% recovery.
Single-family housing permits rose by 25.34%, and values increased by 5.20%, despite high interest rates.
Average weekly wages grew by 1.78%, but real wages decreased by 1.31%, affecting purchasing power.
Economic growth is projected to continue in 2025 and 2026, fueled by expected rate cuts.