UCLA Forecast Chart Tells the Underlying Story
Above you see my favorite chart from the UCLA Anderson Forecast. It appears each quarter in the publication that accompanies the Forecast conference. This version is from the most recent Forecast conference which took place on campus in Ackerman last Wednesday. (My brilliant cellphone photo of the conference on the left reminds us that there is – after all – space on campus to hold big conferences, but that is another story.) What the chart tells us is that California has essentially never recovered from the recession of the early 1990s. The trend line is the Cold War employment growth…