California's long slog back

From Beacon Economics' latest report on the state economy:

After peaking at 15.2 million jobs in November 2007, the state shed almost 1.4 million nonfarm positions by December of 2009. Since hitting bottom, California has added back only 18,300 jobs through August.

The jobs recovery is roughly on par with the 1991 downturn, which took several years correct itself. Beacon says that employment won't be back to pre-recession levels until mid-2015 and that unemployment won't fall below 10 percent until the end of 2012.