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San Joaquin County's Great Recession over — but struggles remain

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Posted: Wednesday, April 20, 2011 12:00 am | Updated: 8:16 am, Wed Apr 20, 2011.

San Joaquin County is officially out of the Great Recession and can now begin its trudge towards recovery. However, that road will feature hurdles in the form of looming spending cuts from the state government and rising gas prices.

"We've moved into the recovery stage, but we have to take it easy with the happy talk," said Jeff Michael, director of the Business Forecasting Center for University of the Pacific. "It will take another four years to get back to the level of jobs we had in 2006 and 2007; so you are looking at nine years of no growth."

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2 comments:

  • Doug Chaney posted at 1:01 pm on Fri, Apr 22, 2011.

    Doug Chaney Posts: 1232

    Darrell, I agree, since this UOP fortune teller hasn't been right yet. According to UOP forecasters, the depression was over 2 years ago, along with the housing industry slump.

     
  • Darrell Baumbach posted at 1:26 pm on Wed, Apr 20, 2011.

    Darrell Baumbach Posts: 9403

    Bold title of article considering many the variables than may influence its outcome are completely unknown... I think palm reading would provide equal results...

     

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