A commenter on the California employment situation asks the perfect follow-up question to every trend – what are the other important changes happening? Specifically, if job growth in California is flat over the last decade – are we really in the same economic situation as in 2000?
Answer: No, it’s worse.
According to the San Francisco gate, California has added around five million residents, but jobs have not grown along side them.
So really, today’s chart is even more evidence that a “recovery” is not underway in California. The shift must be called something else.