California's economy is a basket case. The state has the second highest unemployment rate in the country, after its neighbor Nevada. One economist called California a "post-industrial hell" this week.
But look at the picture and there is good news obscured by the bad. The state has shown growth among economic sectors — virtually everything except government and housing/construction, which have been decimated.
The latest good news is a 17 percent boost in California's exports in August — compared to August of 2010. The latest figures show California is back to the level of exports it had before the recession.
U.S. & World
It's enough to make you wish we could somehow export overseas all the California homes that aren't selling — the ones that are our drag on the housing market, the construction sector, and thus the economy — overseas.
If only shipping homes was easy as shipping iPads.