Economy
State Economic Challenges Reflect Policies Affecting Labor Market, Housing Supply
In March of this year The Economist ran an article with the headline “California is gripped by economic problems, with no easy fix. Rising...
AI Models Bill Will Hurt Economy, State Industry Leadership, Study Concludes
The California economy and state leadership in the global artificial intelligence (AI) industry will be hurt by a pending bill that aims to establish...
Trillion-Dollar Tech and Innovation Sector Key to California Economic Success
Technology and innovation are key drivers of economic development in California, creating well-paid jobs throughout the state and producing an outsized proportion of tax...
Analysis: May Budget Revision Released
Governor Newsom announced his strategy to address an estimated $27.6 billion deficit for the upcoming budget year, and a $28.4 billion projected deficit for...
Data Show Positive Economic Trends; Housing, Labor Supply Shortfalls Continue
Despite the Narratives, California Is Doing OK
The U.S. economy entered 2024 at a good pace. Consumer spending continues to hum along, inflation has cooled,...
California Finance Director Projects Slow Economic Growth; No New General Tax Increases Planned to Cover Budget Shortfall
California is expected to see slow but steady revenue growth in the 2024–2025 fiscal year, requiring state leaders to cover a $37.8 billion budget...
Consumer Spending, Labor Market Cool; Inflation Pattern Seems Similar to 1970s
Comparing the path of inflation during the 1970s and today, the numbers differ, but a similar pattern emerges. In both periods, inflationary pressures began building early when interest rates were low in the 1960s and 2010s, respectively.
Poll Shows Voter Attitudes About Living in California
California voters have grown more anxious and pessimistic about living in California than a year ago, according to findings from the California Chamber of...
Strength, Resiliency in Some Sectors Offset by Small or Negative Gains in Others
S&P 500 Off to Strong Start
Following a steep sell-off in the first half of 2022, the Standards & Poor 500 started 2023 with an...
CalChamber Convenes Big City Chambers Coalition
Last week, the California Chamber of Commerce convened the first meeting of its California Big City Chambers Coalition, a leadership group of local chamber...
