An L.A. County economic forecast was revised.
Bank of America said economic growth for Los Angeles County this year will be 3.1% rather than the 3.7% it forecast in January. Bank senior economist Duane Paul attributed the downward adjustment to lower oil prices, which are cutting oil-related employment, and lower than expected export stimulus from the declining dollar. Civilian employment in the county will grow by 115,000 jobs instead of the 135,000 originally anticipated, Paul said.
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