REPOST: Recession officially ended in June 2009, but California still struggles


The recession was declared over Monday. It lasted 18 brutal months and ended in June 2009, according to the National Bureau of Economic Research, a private organization that tracks the U.S. business cycle.

If the economy’s been in recovery the past 15 months, it’s hard to find evidence of that in California. While the days of horrendous job losses have passed, the recovery has been so weak that unemployment has continued to rise since the reported end of the recession – to 12.4 percent statewide and in the Sacramento region.

Read more: http://www.sacbee.com/2010/09/21/3044464/recession-officially-ended-in.html#ixzz10EXqbTKC

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