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According to a recent article in the Tracy Press, The University of the Pacific’s Business Forecasting Center believes Northern California is already on the economic rebound, but San Joaquin County is not considered so lucky. North San Joaquin was the first area to suffer from this economy slump and it still has a long way to go. The unemployment rate in San Joaquin is expected to remain in the double digits well into 2012 while the rest of the state is expected to be into single digits by that time. They cite local reliance on agriculture, residential construction and government funded jobs to blame. The forecast center predicts once San Joaquin begins to recover, the city of Tracy is expected to lead the trend in business and real estate.

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