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Report: California In Early Stages Of 5 Year Recovery



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(Sacramento, CA)
Friday, July 29, 2011

The numbers come from the Business Forecasting Center at the University of the Pacific in Stockton.

   
Economist Jeff Michael says strong growth in the technology sector is driving an improved outlook for state revenue. But construction, real estate and finance continue to disappoint.
 
Michael says California's unemployment rate will stay at or above 10% through the end of 2013. He says the state is still in the early stages of a long, slow five year recovery.
 
 
 
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