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Double Digit Unemployment Until 2012

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    NEWSLETTERS

    Bad news on the jobs front. A new estimate of the California employment picture from UCLA economists says that unemployment should stay in double digits until the fourth quarter of 2010.

    Unemployment has been north of 12 percent, and will stay that way this year.

    What's behind the numbers? The UCLA economists believe that the construction sector is dragging down the state jobs picture, despite good news in exports and tourism. Full details via the LA Times.