California’s economy is slowly recovering, good news especially for Californians along the coast and in the big metro areas. But job growth remains frustratingly slow, bogged down by structural, competitive and – yes – self-inflicted impediments.
I haven’t posted these charts for a while, but they show that California’s recovery is lagging about two-and-a-half years behind the next-worse recession, in the early 1990s.
California’s recovery is also lagging about a year-and-a-half behind the national recovery, again pointing to the structural infirmities of our economy and competitive shortcomings.
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