“It doesn't mean that tech itself is not a source of strength, though it may not be a source of as rapidly increasing revenues as it was a year ago for the state general fund,” said Jerry Nickelsburg, faculty director for the UCLA Anderson Forecast, which projects economic trends.
California revenues decline amid economic worries
→
Director Jerry Nickelsburg said that while the leisure and hospitality sector will be slow to recover, he expects a quick rebound in the business, scientific and technical services sector, especially as demand increases for new technology to support remote work.
California still losing jobs, but recovery likely coming
→
