Dan Walters: ‘Declinists’ debate ‘denialists’ on the California economy

“California’s population is still growing, albeit more slowly, and so is its potential workforce. The unemployment rate will decrease only so long as job creation outpaces that growth. In the last year, net job growth was about 200,000, and were it to continue at that level, it would take a half-decade for California to return to pre-recession rates of employment and unemployment.” (Sacramento Bee, June 24, 2012). Read it here.