California is back — or so we're told
California is back — or so we're told
- February 28, 2013
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the Orange County Register February 28, 2013
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From the OC Register:
In contrast to Gov. Brown's assertions, our once Golden State continues to face a
statewide 9.8 percent unemployment rate which, despite recent economic gains throughout
the country, is still almost 2 percent higher than the national average of 7.9 percent.
According to the U.S. Bureau of Labor Statistics, underemployment in California averaged
19.3 percent in 2012 while the rest of the nation averaged 14.7 percent. A recent
study conducted by NEXT 10 and the UC Irvine Center for Economics concluded: "Despite
growth in economic output that has been about average, California's job growth has
been more sluggish than many other states. This is true overall, and for manufacturing
employment specifically. The slower job growth is not solely a function of the Great
Recession hitting California harder ... California's unemployment rate has consistently
exceeded national as well as regional averages."
For the full story, please visit http://www.ocregister.com/news/california-497730-state-budget.html.
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