If correct, this is bad news for the unemployed, California’s economy, and local government revenues.

From the Contra Costa Times:

Every region of the Bay Area is years away from being able to recapture the jobs that were erased by the recession, an economist told a government gathering here Thursday.

“The Bay Area recovery will be slow in coming,” Jon Haveman, a partner and co-founder of Beacon Economics, told the Association of Bay Area Governments, which was holding its fall general assembly in downtown San Jose. “The recovery will be uneven.”

Among the big reasons: Every part of the Bay Area is far below its peak employment levels of 2007 and 2008, according to an analysis of seasonally adjusted figures from the state’s Employment Development Department.

Read the full article here.