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Soft Landing? What the Latest Data Says about California’s Economy

By Jenny Duan, Sarah Bohn

New jobs data suggests that taming inflation has not hurt the state's labor market much. While unemployment in California has increased slowly since a low in August 2022, the state's labor market still shows many markers of strength.

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Wage Growth Is Struggling to Keep Up with Inflation

By Jenny Duan, Daniel Payares-Montoya

Average hourly wages for private-sector workers have increased 15% since just prior to the COVID-19 pandemic. But in many parts of the economy, wages are not rising fast enough to keep up with inflation.

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Signs of Increased New Business Growth since the Pandemic

By Jane Sawerengera, Shannon McConville, Sarah Bohn

New businesses are critical to the economy, partly due to their role in spurring job creation. We look at how California has fared in business creation over the course of the pandemic and the economic recovery.

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Glimmers of Hope for California in the April Jobs Report?

By Sarah Bohn, Marisol Cuellar Mejia, Julien Lafortune

Although unemployment rates were unchanged, California added more than 100,000 jobs between March and April, with gains strongest in the hardest-hit sectors.

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Groundhog Day for the California Economy?

By Sarah Bohn, Marisol Cuellar Mejia, Julien Lafortune

A close look at the state’s recent job growth sheds light on whether California will see a repeat of last winter’s economic slowdown.

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Mixed Signals in California’s Labor Market Recovery

By Sarah Bohn, Marisol Cuellar Mejia, Julien Lafortune

California’s jobs recovery slowed substantially in September. At the same time, historically high levels of turnover—sometimes called the “Great Resignation”—along with high levels of job openings and wage growth complicate the picture of the state’s economic recovery.

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What’s in Store for California’s Economy?

By Sarah Bohn

California starts the year with low unemployment, rising wages, and falling inflation—but also with residents expressing pessimism about the state's economic outlook. We look at what's ahead for the California economy.

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