#california-economy

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Newsom promotes his economic plans in conservative parts of California

Gov. Newsom emphasizes the disconnect between California's economic growth and local sentiments of inadequacy, focusing on blue-collar job initiatives.

Silicon Valley tech boom lifts California's dreary budget view

California's tech sector boom has balanced its budget, underscoring the economy's dependence on wealth from Silicon Valley.
#employment-growth

California is home to hottest US job market. Guess where?

Stockton achieved the highest percentage increase in employment nationally, reflecting a surge in job opportunities in a small market.

California is home to hottest US job market. Guess where?

Stockton led the nation in job growth percentage with a 4.3% increase in employment over the past year.

California is home to hottest US job market. Guess where?

Stockton achieved the highest percentage increase in employment nationally, reflecting a surge in job opportunities in a small market.

California is home to hottest US job market. Guess where?

Stockton led the nation in job growth percentage with a 4.3% increase in employment over the past year.
moreemployment-growth
#gdp-growth

How long will California remain world's 5th-largest economy?

California's economy may soon be surpassed by India's, changing its world ranking.

Here's how technology's tumble cooled California's growth

California's economic slowdown linked to technology's decline in GDP growth.

Here's how technology's tumble cooled California's growth

California's economic slowdown is tied to a significant decrease in technology sector growth.

California's economic growth is slipping behind Texas as the Lone Star state draws corporate HQs and people

Texas' economy has outpaced California's growth recently, attracting companies and residents due to its favorable business climate.

California's economy grew 1.2% in first quarter, slowest pace since 2022

California's economy had slower growth in early 2024 compared to the previous quarter.

How long will California remain world's 5th-largest economy?

California's economy may soon be surpassed by India's, changing its world ranking.

Here's how technology's tumble cooled California's growth

California's economic slowdown linked to technology's decline in GDP growth.

Here's how technology's tumble cooled California's growth

California's economic slowdown is tied to a significant decrease in technology sector growth.

California's economic growth is slipping behind Texas as the Lone Star state draws corporate HQs and people

Texas' economy has outpaced California's growth recently, attracting companies and residents due to its favorable business climate.

California's economy grew 1.2% in first quarter, slowest pace since 2022

California's economy had slower growth in early 2024 compared to the previous quarter.
moregdp-growth

Day Around The Bay: West Portal Driver Allegedly Mixed Up Gas And Brake Pedals

Accidental vehicular manslaughter leads to serious implications for a 78-year-old woman.
An investigation unfolds involving a San Jose councilmember accused of inappropriate conduct.
Allegations against a District Attorney raise concerns over potential misuse of power.
California's new minimum wage for fast food workers shows positive economic trends without losses.
#unemployment

California economy is having a 'subpar' year in 2024, study shows

California's economy is forecasted to grow slower than the national rate in 2024 due to employment and housing challenges.

Walters: California's lagging economy hinders efforts to close budget deficit

California's economy is struggling amidst the pandemic, with high unemployment rates and slow recovery.

California economy is having a 'subpar' year in 2024, study shows

California's economy is forecasted to grow slower than the national rate in 2024 due to employment and housing challenges.

Walters: California's lagging economy hinders efforts to close budget deficit

California's economy is struggling amidst the pandemic, with high unemployment rates and slow recovery.
moreunemployment
#consumer-confidence

California confidence rebounds to 19-month high vs. big US dip

California's consumer confidence surged 25% in September, contrasting sharply with a declining national outlook.
'Expectations' measurement shows significant optimism among Californians, reaching a 30-month high.

California consumer confidence plummets to 4-year low

California consumers' confidence is at its lowest since May 2020, reflecting widespread economic concern and a significant decline compared to pre-pandemic levels.

California consumer confidence plummets to 4-year low

California consumers are facing their lowest sentiment in four years, signaling deep economic concerns amidst rising interest rates and unemployment.

61% of Californians expect bad times for the economy

California consumers show optimistic sentiment, but polls reveal a strong expectation of bad financial times ahead, indicating a public opinion gap.

California shoppers get nervous as confidence tumbles to 2-year low

California's consumer confidence has significantly decreased due to the Federal Reserve's efforts to curb inflation.
Consumer expectations suggest a slight optimism despite the current economic downturn.

California confidence rebounds to 19-month high vs. big US dip

California's consumer confidence surged 25% in September, contrasting sharply with a declining national outlook.
'Expectations' measurement shows significant optimism among Californians, reaching a 30-month high.

California consumer confidence plummets to 4-year low

California consumers' confidence is at its lowest since May 2020, reflecting widespread economic concern and a significant decline compared to pre-pandemic levels.

California consumer confidence plummets to 4-year low

California consumers are facing their lowest sentiment in four years, signaling deep economic concerns amidst rising interest rates and unemployment.

61% of Californians expect bad times for the economy

California consumers show optimistic sentiment, but polls reveal a strong expectation of bad financial times ahead, indicating a public opinion gap.

California shoppers get nervous as confidence tumbles to 2-year low

California's consumer confidence has significantly decreased due to the Federal Reserve's efforts to curb inflation.
Consumer expectations suggest a slight optimism despite the current economic downturn.
moreconsumer-confidence
#housing-affordability

38 questions to fix California's housing mess

California's housing costs have risen dramatically, outpacing income growth, creating a significant affordability gap.

Is inflation finally under control in California? What economists say about rising prices

Encouraging signs of falling gasoline prices, slightly more affordable housing, and stabilizing food prices indicate a positive turn in California's economy.

38 questions to fix California's housing mess

California's housing costs have risen dramatically, outpacing income growth, creating a significant affordability gap.

Is inflation finally under control in California? What economists say about rising prices

Encouraging signs of falling gasoline prices, slightly more affordable housing, and stabilizing food prices indicate a positive turn in California's economy.
morehousing-affordability
#tech-industry

Wagener: California workers and pension plans are victims of anti-tech policies - San Jose Spotlight

California's economy is significantly impacted by legal actions against major tech firms, threatening jobs and pension funds.

Bay Area loses thousands of jobs in July as tech layoffs jolt economy

The Bay Area has lost 3,400 jobs in July, indicating significant economic strain, particularly in the tech sector.

Wagener: California workers and pension plans are victims of anti-tech policies - San Jose Spotlight

California's economy is significantly impacted by legal actions against major tech firms, threatening jobs and pension funds.

Bay Area loses thousands of jobs in July as tech layoffs jolt economy

The Bay Area has lost 3,400 jobs in July, indicating significant economic strain, particularly in the tech sector.
moretech-industry
#undocumented-immigrants

California's economy depends on undocumented immigrants-to the tune of $151 billion

Undocumented immigrants are crucial for California's economy and various industries depend on their work.

Undocumented immigrants in California are paying billions in taxes. Here's how much

Undocumented immigrants in the U.S. contributed billions of dollars in taxes, particularly benefiting the economy of California.

California's economy depends on undocumented immigrants-to the tune of $151 billion

Undocumented immigrants are crucial for California's economy and various industries depend on their work.

Undocumented immigrants in California are paying billions in taxes. Here's how much

Undocumented immigrants in the U.S. contributed billions of dollars in taxes, particularly benefiting the economy of California.
moreundocumented-immigrants
#governor-newsom

Walters: Newsom brags about California economy, but jobs data tells a different story

Governor Newsom boasts about California's economy, but data shows high unemployment rates and slow recovery compared to other states.

Walters: Newsom's State of the State should be candid about California's economy

California faces prolonged economic sluggishness and has the nation's highest unemployment rate.
Governor Newsom's budget projects annual deficits of around $30 billion and assumes an optimistic 8% increase in tax revenues.

Newsom called it a 'gimmick.' Now he's using the trick to lower California's massive deficit

Governor Newsom agreed to use a budget gimmick to address a historic budget deficit, despite eliminating it five years earlier.
Democrats are predominantly using borrowing, deferring funding, and tapping into reserve funds rather than actual cuts to reduce the budget deficit.

Walters: Newsom brags about California economy, but jobs data tells a different story

Governor Newsom boasts about California's economy, but data shows high unemployment rates and slow recovery compared to other states.

Walters: Newsom's State of the State should be candid about California's economy

California faces prolonged economic sluggishness and has the nation's highest unemployment rate.
Governor Newsom's budget projects annual deficits of around $30 billion and assumes an optimistic 8% increase in tax revenues.

Newsom called it a 'gimmick.' Now he's using the trick to lower California's massive deficit

Governor Newsom agreed to use a budget gimmick to address a historic budget deficit, despite eliminating it five years earlier.
Democrats are predominantly using borrowing, deferring funding, and tapping into reserve funds rather than actual cuts to reduce the budget deficit.
moregovernor-newsom

Chevron to move headquarters from Bay Area to Texas

Chevron relocating from San Ramon to Houston, impacting local economy and reflecting differing energy approaches between Texas and California.
#housing-crisis

South Bay must build more housing for cutting-edge tech and AI jobs: expert

Major focus on replacing office buildings with housing to accommodate tech jobs.

Walters: Eye-popping construction costs intensify California's housing shortage

California faces a severe housing shortage particularly impacting lower-income families, affecting the economy and contributing to high homelessness rates.

South Bay must build more housing for cutting-edge tech and AI jobs: expert

Major focus on replacing office buildings with housing to accommodate tech jobs.

Walters: Eye-popping construction costs intensify California's housing shortage

California faces a severe housing shortage particularly impacting lower-income families, affecting the economy and contributing to high homelessness rates.
morehousing-crisis
#dow-jones-industrial-average

Dow Jones stock index crosses 40,000: Good or bad for California?

The Dow Jones Industrial Average crossed 40,000 for the first time, reflecting historical milestones impacting the broader business climate, particularly in California.

Dow Jones stock index crosses 40,000: Good or bad for California?

The Dow Jones Industrial Average crossed 40,000 for the first time in history, reflecting the evolving business climate and economic milestones, particularly in California.

Dow Jones stock index crosses 40,000: Good or bad for California?

The Dow Jones Industrial Average crossed 40,000 for the first time, reflecting historical milestones impacting the broader business climate, particularly in California.

Dow Jones stock index crosses 40,000: Good or bad for California?

The Dow Jones Industrial Average crossed 40,000 for the first time in history, reflecting the evolving business climate and economic milestones, particularly in California.
moredow-jones-industrial-average

Californians are not paying their bills at the highest level since 2021

Californians had the highest delinquency rate in paying bills since 2021's fourth quarter but still below pre-pandemic levels.

California's population grew in 2023, halting 3 years of decline

California gained population in 2023 after a three-year decline, attributed to various factors including increased mortality rates, declining birth rate, and migration patterns.

How To Get A California Business License (2024) - Shopify

California has the largest state economy in the US. No general business license exists, but specific licenses and permits may be required based on location and business type.

Is California still the world's 5th largest economy?

California may fall to sixth largest economy by GDP in 2024, behind fast-growing India.
Despite the potential shift, California will still outperform the United Kingdom and France in GDP.
#gender-pay-gap

California has 2nd-smallest wage gap between women and men in US

California women have a relatively small gender pay gap compared to the national average.
Women in California earn 16% above the national average income for women.

California has 2nd-smallest wage gap between women and men in US

California women have a relatively small gender pay gap compared to other states.
California women's incomes are higher than the national average, contributing to the smaller pay gap.

California has 2nd-smallest wage gap between women and men in US

California women have a relatively small gender pay gap compared to the national average.
Women in California earn 16% above the national average income for women.

California has 2nd-smallest wage gap between women and men in US

California women have a relatively small gender pay gap compared to other states.
California women's incomes are higher than the national average, contributing to the smaller pay gap.
moregender-pay-gap
#California economy

California's economy will see slow growth in 2024, economists say. Here's why

California's economy is expected to grow faster than the rest of the country, but uncertainties such as wars and high interest rates could hinder progress.
The UCLA Anderson School state forecast predicts slower growth for California due to uncertainties and a slower-growing U.S. economy.

Economic Reality Bites as Newsom Faces Big California Budget Problem

California's tax revenues are running behind expectations, creating a budget problem for the state.
The economic downturn and rising unemployment are contributing to the fiscal challenges in California.

California's economy will see slow growth in 2024, economists say. Here's why

California's economy is expected to grow faster than the rest of the country, but uncertainties such as wars and high interest rates could hinder progress.
The UCLA Anderson School state forecast predicts slower growth for California due to uncertainties and a slower-growing U.S. economy.

Economic Reality Bites as Newsom Faces Big California Budget Problem

California's tax revenues are running behind expectations, creating a budget problem for the state.
The economic downturn and rising unemployment are contributing to the fiscal challenges in California.
moreCalifornia economy
#restaurant-closures

Rubio's closes 48 restaurants in California, citing 'business climate'

Rubio's Coastal Grill closed 48 restaurants in California due to the rising cost of doing business, affecting employees and reflecting broader economic challenges.

Hollywood Gives a Final Goodbye to the Iconic Cowboy Hat Sign Arby's

Iconic Arby's Hollywood location closed permanently

Rubio's closes 48 restaurants in California, citing 'business climate'

Rubio's Coastal Grill closed 48 restaurants in California due to the rising cost of doing business, affecting employees and reflecting broader economic challenges.

Hollywood Gives a Final Goodbye to the Iconic Cowboy Hat Sign Arby's

Iconic Arby's Hollywood location closed permanently
morerestaurant-closures

California's economy is among the best in the nation, new study reveals. Who's No. 1?

California ranks 5th in WalletHub's list of top 10 state economies in the US, offering financial success opportunities to its residents.

Rubio's Closes 48 Restaurants in California

Rubio's Coastal Grill closed 48 underperforming locations due to high business costs in California.
#federal-reserve

The Fed keeps interest rates steady. What does that mean for CA mortgages?

Federal Reserve unlikely to lower interest rates soon, aiming for one rate cut by year-end.

California's economy grew 1.2% in first quarter, slowest pace since 2022

California's economy had the slowest business growth in five quarters at 1.2%, reflecting the impact of Federal Reserve's high-interest rates on business output.

The Fed keeps interest rates steady. What does that mean for CA mortgages?

Federal Reserve unlikely to lower interest rates soon, aiming for one rate cut by year-end.

California's economy grew 1.2% in first quarter, slowest pace since 2022

California's economy had the slowest business growth in five quarters at 1.2%, reflecting the impact of Federal Reserve's high-interest rates on business output.
morefederal-reserve

High interest rates are hurting people. Here's why it's worse for Californians

Americans are feeling financial strain despite a strong economy, attributed to interest rate increases and high costs in states like California.
from The New Yorker
4 months ago

California Is Showing How a Big State Can Power Itself Without Fossil Fuels

California has achieved days with 100% renewable energy through a mix of solar, wind, geothermal, and hydropower, showcasing the possibility of running a modern economy on clean energy.

What you need to know about the California budget deal

California announces significant cuts across various sectors to address budget deficit while protecting essential programs, focusing on long-term fiscal stability.

California jobs picture brightens in May; unemployment drops for first time in many months

California's economic report for May showed a significant increase in hiring and a drop in the state's unemployment rate for the first time since 2022.

California lost 222 big employers in 4 years, 3rd-most in the US

The number of big California employers with 100+ workers dropped by 222 in four years, revealing insights into the state's corporate landscape and economic impact.
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