Boom is forecast for California

Substantial growth of California's economy is seen through the end of this decade, leading to an average of 425,000 new jobs a year, predicts Willard F. Sprague, a regional economist at the Federal Home Loan Bank of San Francisco. He sees 10.5 million households in the state by 1989, a gain of 1.5 million from last year; real personal income growing by 3 percent a year; and real per capita income increasing by 1.5 percent, to about $14,000 (in 1982 dollars) by 1989.

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