Location
Sacramento,
CAUnited States

A report released by the University of the Pacific today projects a gloomy medium-term economic future for the Sacramento area. According to the report, the unemployment rate in the area will continue to rise for at least another year. Reasons cited include the slump in construction and a general inertial slowdown in the economy, including a decline in personal income this year.
"Although the recession is technically ending, we expect a slow and sluggish recovery that will not feel like a recovery, at least in California, for at least a year," said a spokesperson at the University of the Pacific's Business Forecasting Center. (This fledgling reporter apologizes for not getting the person's name.)