Bill Watkins of the UCSB Economic Forecast Project has a presentation up about his prediction for the California economy and the City of Ventura as well. I will post a couple charts from his forecast and I suggest you read through the rest of his presentation as well. The presentation can be found here. You may click to enlarge any of the following charts.
Here is Bills prediction for GDP for California:
Here is his prediction on the Unemployment rate for California:
Here is the forecast for retail sales in California:
This isn't a forecast, this next chart shows the net out migration of people (more people moving to other states than coming here from other states) and international migration (immigration):
I understand that Bill will soon be moving to a new school. I hope we will still have access to his excellent analysis and I wish him the best of luck.