UCLA predicts two tough years

UCLA economists predict a grim two years for California's economy, with job growth finally rebounding to pre-recession levels in 2011, according to a forecast being released today. Gregory J. Wilcox in the Daily News.

The university's widely watched Anderson Forecast, which is issued quarterly, expects the labor market to shrink 2.6 percent this year and 0.6 percent in 2010 before expanding by 1.8 percent in 2011.

"It's the gloomiest California forecast that we've had for some time," said Jerry Nickelsburg, an Anderson senior economist. The report, which he authored, states: "As the recession deepens, the diverse engines of California's economy find themselves running on fumes."