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California's Troubled Construction Industry

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California’s construction industry has been hit particularly hard by the recession. Economists say job losses in construction help explain why California’s unemployment rate is almost three points higher than the national average. What are the prospects for the state’s building industry?

Guests:

Ken Simonson, chief economist with Associated General Contractors of America (AGC)

Cari Tuna, economics reporter for the Wall Street Journal

Stephen Levy, director of the Center for Continuing Study of the California Economy

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