California labor market won't recover until 2018-2023, new UC report says
Source: Sacramento Bee
California's labor market will not return to a healthy state until sometime between 2018 and 2023, according to a new report from the University of California, Berkeley's Center on Wage and Employment Dynamics.
... Among the report's findings and projections: Unemployment in California will remain higher than 10 percent through 2013, wages for most workers were the same in 2011 as they were in 2000 and typical household incomes in California in 2010 were the same as they were in 1998, adjusting for inflation.