State economy will come back

Re “California’s tattered economy, made even worse,” Opinion, Oct. 25

Joel Kotkin and Marshall Toplansky paint an unduly grim picture of California’s past, present and future. Pre- pandemic, the facts do not square with their dismal description.

In February, California’s jobless rate was just 3.9%, scarcely above the nation’s 3.5%. California’s nonfarm payrolls were 1.5% above their year- earlier level, virtually identical to the nation’s 1.6% rise.

California’s economy was creating many goodpaying jobs in construction, key manufacturing segments, business and professional services, transportation, healthcare and higher education. California remains a leader in technology, which benefits not only Silicon Valley. Tech firms focused on media have a major footprint in Los Angeles, while a biotechnology sector thrives in San Diego.

The coronavirus has hit California hard because of tourism’s importance and the state’s actions to protect its residents’ health. Post- pandemic, the state does need to address shortcomings, with K- 12 education heading the list.

However, California was much stronger, the writers assert, prior to the pandemic and will emerge stronger than they believe once the pandemic ends. Lynn Reaser

San Diego The writer is chief economist at the Fermanian Business and Economic Institute at Point Loma Nazarene University.