The Los Angeles Basin is now home to 18.3 million residents and 5.7 million households.
The Los Angeles Basin is projected to add 2.2 million new residents to reach a population of 20.6 million by the year 2016.The Los Angeles Basin will then be home to more people than any state except Texas and possibly New York.
Southern California economic growth will continue to lead to the state’s largest numerical gains in jobs, population and households.
California will continue to capture a large share of the nation’s growth. The state will get 16.9% of the U.S. growth in the decade ahead and is the world’s eighth largest economy.
California will add 1.5 million jobs, 1.8 million households and 42.5 million residents by 2016.
The state’s population will continue to grow faster than the national average. California is projected to have 12.9% of the nation’s population in 2016, up from 12.5% in 2006 and 12.0% in 2000.
California’s population is projected to increase by 13% by the year 2016 beating the 8% national growth rate projection for the same year.
California’s leading industries maintain strong competitive positions in world markets and record levels of new venture capital funding.
The preceding information was obtained from the CENTER FOR CONTINUING STUDY OF THE CALIFORNIA ECONOMY May 2008
