The California economy will maintain steady growth according to the latest projection from the Center for Business and Policy Research at the University of the Pacific. California is experiencing substantially faster job growth than the rest of the U.S., and the State’s economy is expected to maintain steady 3 percent growth for the next several years even as the pace of job growth slows from 3 percent to a still solid 2 percent in 2016. After 2016, job growth is forecast to remain positive but slowly decelerate towards 1 percent as the unemployment rate stabilizes around a 5 percent rate.