California economy improves, but not for construction

"Very slow growth in California for 2011, we're going to grow faster in 2012, and faster than the U.S., and then growth accelerates in 2013," said UCLA Anderson Forecast economist Jerry Nickelsburg.

Nickelsburg said one sector that won't be seeing a strong recovery any time soon is construction.

"We're going to have several hundred thousand displaced construction workers who are going to be moving into other segments of the workforce. That's a process that takes some time. It's a painful process, and we generally expect it to be about five to seven years," said Nickelsburg.