Despite facing multiple economic challenges over 25 years, California's economy has shown remarkable resilience, maintaining its status as a national powerhouse.
In terms of job growth, California's private sector has expanded by 30% since 1999, solidifying its position as the nation's largest job market despite fluctuations.
The state experienced a population growth of only 19%—below the national average—indicative of high living costs steering residents toward more affordable states.
The 2008-09 Great Recession, followed by the disruption from the COVID-19 pandemic, tested California's economy, yet it rebounded to remain competitive on a national scale.
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