California's economy in 2010 predicted to recover slowest in country

Economic growth in California will lag behind the rest of the nation for the rest of 2010 but pick up after that, according to the UCLA economic forecast released today.

California “will grow slower than the U.S., and a slow recovery in jobs will leave unemployment at 12.1 percent for the year,” UCLA Anderson School senior economist Jerry Nickelsburg wrote in the report. “... Even though the state will grow more rapidly in the following two years, job creation will not be fast enough to push the unemployment rate below double-digits until 2012.

“Unlike other deep recessions, the rapidity of th...