California's economic outlook is the strongest it has been since the bottom fell out nearly four years ago, according to Bob Smiley, dean of the UC Davis Graduate School of Management. "Economic growth in the state has been spurred, in part, by a healthy national economy, which is California's trading partner," says Smiley. "Even though the U.S. recovery began in the spring of 1991, the first two years were hollow because very few jobs were created. However, during the past 15 months more jobs have been created nationally, which helps to pull California along." Additionally, California job growth continues -- it has made up about a 10th of the jobs since 1991. About 70,000 new jobs have been developed in California, says Smiley. "State businesses have reorganized and their efforts to downsize are 90 percent complete. California is out of the recession; the outlook is very healthy," says Smiley.