California's Timid Recovery Seems To Have Stronger Legs

Fears that California's recovery has stalled appear to be exaggerated, contends economist David Hensley at Salomon Brothers Inc. Based on a forthcoming revision of state employment data, he predicts that the jobs picture for 1993 and 1994 will look decidedly more upbeat than the current numbers that show scant gains this year since employment hit a trough last December.

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