Bad jobs news for California on Wednesday: younger Californians want to live in urban areas near the coast, instead of inland.
Why's that bad?
Because California's job market is driven by construction, particularly construction of new homes and developments.
Such homes and developments require many workers, and they tend to be in inland California.
One reason why California's jobless rate is second highest in the country is that the collapse of the housing market, particularly inland, ended so many construction jobs, and those jobs haven't come back.
And they might not come back soon -- because a new forecast from UCLA shows that demand for inland homes is likely to slacken, because young people don't want to live in such places.
Growth in California is more likely to happen near the coast. And young people want multi-family dwellings -- apartment buildings -- that don't require as many workers per dwelling.
U.S. & World
Perhaps this will gnaw at the conscience of young people who think that, by taking an apartment near public transit in Santa Monica, they're making the world a better place.
Maybe, but they might be costing that construction worker in San Bernardino a job.
