America Out of Work podcast: UCLA economists talk about the recovery
This economic slowdown has been called the worst since the Great Depression. Although the recession officially ended, in California the unemployment rate remains stubbornly high, and in the nation, the unemployment rate actually increased last month. So what's it going to take to launch a sustained recovery?
We posed this question to a group of UCLA economists visiting the L.A. Times offices, including Edward Leamer, director of the UCLA Anderson Forecast, and Jerry Nickelsburg, senior economist with the UCLA Anderson Forecast. Their answers, while not exactly optimistic, do generate some hope for California in particular. We put their comments together into a short podcast. Listen and enjoy!
-- Alana Semuels
Photo: UCLA economist Jerry Nickelsburg talks to The Times. Credit: Michael Robinson Chavez / Los Angeles Times