California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

This past week several studies have been released forecasting a return to
an economic recovery for California.

UCLA’s Anderson School of Forecasting identified that the California’s economy
won’t see any major recovery until the end of 2010 or early 2011, but unemployment
rates will still remain in double-digit territory illustrating that the state's
jobless rate will jump to 12.2 percent later this year — up from 11.9 percent
in July — and will continue in double digits into 2011.  Of interest, UCLA’s
forecast has already been achieved as the state’s unemployment hit 
12.2 percent for august.

In yet another report by IHS Global Insight - based in Lexington , Mass, 
illustrates that  San Diego, San Francisco, Oakland and San Jose will not
start to recover until 2012.  And that Sacramento, Riverside and San Bernardino
will not see a recovery until 2013.  And Los Angeles is not expected to recover
until 2014.

I am Tim Johnson and this has been the California Business Minute.