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Bay Area Hits Full Employment, California to Follow in 2016: Study

An economist at UCLA's Graduate School of Management predicts that California will follow the Bay Area in reaching full employment by next year.

Jerry Nickelsberg, senior economist at UCLA Anderson Forecast, told the San Jose Mercury News that his team employs the Federal Reserve's definition of full employment, which is 5 percent unemployment or less.

"Santa Clara County is at around 4 percent, San Mateo County is at 3.3 percent, San Francisco is at 3.6 percent," he said. The State of California is expected to follow by mid-2016, he added.

UCLA Anderson Forecast is revealing current quarterly predictions on Monday at a sold-out conference in Los Angeles.

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