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| Expected strong sectors for the year include
aerospace/high-technology, international trade,
professional and business services and tourism and
travel, said Jack Kyser, the LAEDC's chief economist.
"They're going to push our economy forward, and
we're looking for a good rate of job growth in Southern
California," Kyser said. "We have industries
that do face challenges, including the motion picture
industry and the retail industry." |
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| Long viewed as the lifeblood of the Antelope Valley's economy,
aerospace employment grew 2.6% countywide in 2005, ending
the year with about 40,825 jobs compared to 39,808 in
2004. The industry is estimated to grow 1.2% in the
county in 2006, to 41,300 jobs; and further grow 1.9% the
following year, according to the report. |
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| The run-up in land prices has led to a shortage of
industrial and office space, which should continue to
profit the Antelope Valley.
"The county does have the escape valve of the Antelope Valley, which
has not only lots of land but also a positive attitude
towards business," according to the report. |
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