Posted by: jhamon | August 1, 2009

Bellwether California Jobs Outlook: Tough Sled Ahead

Photographed by Doug Dolde along the Big Sur c...

Not All Golden In The Golden State

California faces huge job losses, according to Andrew Ross at

Be prepared for a long haul. California won’t be returning to pre-Great Recession job levels until 2013. And it will have lost more jobs – over 1 million – than any other state in the union. Almost twice as many as the next-hardest hit, Michigan.

This according to the latest forecast from IHS Global Insight, due to be released via Webcast today. But the Tarnished State is not the only one projected to take a long time to recover. Michigan, Ohio, Indiana, Rhode Island and Connecticut will have to wait until “after 2015,” says the report.

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