Economic report indicates slow rebound for state 

California’s economy has finally started to see some signs of relief – but the job market is still slow to recover, according to the latest quarterly report of the California Chamber of Commerce Economic Advisory Council.

While the job market is still struggling to recover, consumer spending, business investment in equipment and software, exports and federal government spending increased, according to the Council.

As of March 2010, the employment dropped by around 8.3 million jobs, with the biggest job losses in manufacturing, construction, professional & business services, especially temporary help services, and retail trade.

The conclusion? Consumer confidence is still weak, which reflects the current poor labor market and continued angst about the recession.

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Erin Sherbert

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