The Great Recession and Distribution of Income in California
Public Policy Institute of California
First published December 2011
The effects of the Great Recession have been felt far and wide. According to official measures, the recession ran from December 2007 until June 2009. During that time, California experienced record unemployment, a housing market bust, sizable budget shortfalls, and downturns across nearly all major industries in the state. These problems have continued well past the technical end of the recession.