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Hard-hit Californians more optimistic about economy
Reuters: Economic News
Thu, 9 Feb 2012
(Reuters) - Two thirds of Californians believe their personal financial situation will improve in the next 12 months, a sign that residents in one of the hardest-hit states in terms of unemployment...
Friday's January employment report is likely to show deceleration from December's number, but the general trend of slow, steady improvement is persisting, say Morningstar's Bob Johnson and Vishnu Lekraj.
Morningstar employment sector analyst Vishnu Lekraj forecasts unemployment ticking higher still but sees an inflection point in the pace of job losses.