On Tuesday, UCLA economists released a report on California’s economy, saying that California will continue to experience hard times all the way up until 2009.

According to Jerry Nickelsburg, a UCLA economist, consumer sales will continue to be low and personal incomes will decline. He said that California residents should also plan on having a high unemployment rate for the next 18 months. However, on a positive note, he did say that a few sectors may begin to see improvements soon.

In August, California’s unemployment rate reached a shocking 7.6%, according to the Employment Department. Nickelsburg believes that one factor contributing to the unemployment rate is the lack of new jobs.

According to economists, the new year should shed some more light on California. A majority of the sectors will begin their recovery process in 2009, and others, like the taxable sales sector, will begin recovering in 2010.

Unfortunately, Nickelsburg predicts that the unemployment rate will continue to stay in the seven percent range through 2009.

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