Thursday, January 27, 2005

More good economic news!

More good economic news!

Article link]
"For the first time since 2001, Sonoma County will see positive job growth in 2005," according to Steve Cochrane of, the company conducting the annual survey for the county Economic Development Board.

The report, delivered to hundreds of county officials and business leaders Wednesday, cited voter approval of a transportation sales tax as a key reason for optimism.
Cochrane said Sonoma County "has the potential to once again modestly outperform the U.S. economy by 2007" if current trends continue.
The county's manufacturing industry has yet to show any growth, but at least the pace of layoffs and cutbacks slowed during 2004, the report said.

Cochrane's economic review forecast an addition of 3,500 new positions this year. That is considerably less than the increase of 9,000 new jobs that a report from Sonoma State University's Center for Regional Economic Analysis released earlier this week.
Cochrane said economists may quibble over forecast details, such as the predicted number of jobs. But he said "the bottom line is that the recovery is finally becoming apparent."

Though not as rosy as the recent report from CSU Sonoma (aka Sonoma State U.), it does still reinforce the notion that things are on the rebound.
What remains to be seen is whether consumers will hold off on higher priced wines now that they’ve had a taste of less expensive blends.


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