For the month of November, the state’s merchandise export trade totaled $15.22 billion, a nominal 14.2% increase over the $13.33 billion in exports recorded in November 2012. By comparison, overall U.S. merchandise exports rose by 5.9% over the same period.
The nation’s factories finished the year on a high note and look to be building momentum heading into 2014.
California reported the largest drop in new jobless claims of 5,429. It attributed the change to fewer layoffs in the agriculture, forestry and fishing industries.
Nonetheless, other numbers paint a mixed picture for a holiday spending season that began with a disappointing Black Friday and later focused on hopes that retail momentum would rise with last-minute spending.
State personal income growth slowed slightly to 1.1 percent in the third quarter of 2013, from 1.2 percent in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Growth slowed in 25 states, accelerated in 22, and was unchanged in 3 states and the District of Columbia. Growth across states ranged from 0.4 percent in New Mexico to 1.9 percent in Mississippi. The national price index for personal consumption expenditures increased 0.5 percent in the third quarter after remaining unchanged in the second quarter.
This report provides an overview of the demographic, social, and economic characteristics of California’s population. Topics include income, poverty, education, health insurance coverage, language, place of birth, migration, and more. The tabulations in this report are based on special data runs from the American Community Survey (ACS) Public Use Microdata Sample 1-year file. This ACS report will be produced annually to facilitate the examination of changes in the state over time.
California grew by 332,000 people between July 1, 2012 and July 1, 2013 to total more than 38.2 million, according to official population estimates released today by the Department of Finance. The growth rate of 0.9 percent and the 332,000 numeric gain are the highest for California since the pre-recession year of 2003-04.
National Income and Product Accounts, Gross Domestic Product, 3rd Quarter 2013 (Third Estimate), Corporate Profits, 3rd Quarter (revised estimate)
Real gross domestic product–the output of goods and services produced by labor and property located in the United States–increased at an annual rate of 4.1 percent in the third quarter of 2013 (that is, from the second quarter to the third quarter), according to the “third” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.5 percent.
In addition to these characteristics, more than 40 social, economic and housing topics are now available through the American Community Survey statistics for all communities in the nation, regardless of size, down to the block group level. For example, health insurance coverage statistics are now available for the first time at the neighborhood level.
California reached a high of 256 officers per 100,000 residents in 2008. By 2012, this number had dropped to 236—similar to the national rate of 235, but a significant decline nonetheless. Among police departments statewide, this meant a decrease of 2,903 officers, or 7.2%. Alameda, Los Angeles, Orange, San Francisco, and Santa Clara Counties saw the largest drop in police officers, accounting for 47% of all police officer declines. Sheriff departments saw a decline of 1,995 officers, or 6.3 %, statewide. Fresno, Los Angeles, Riverside, Sacramento, and San Mateo Counties accounted for 52% of all sheriff losses.
November’s tax receipts could look somewhat disappointing at face value, but delays in collections and recording appear to have accounted for much of the shortfall. Relative to projections contained in the 2013-14 Budget Act, total November revenues fell $376 million, or 5.9%, shy of estimates. Those figures do not include approximately $440 million in late November sales tax deposits which, because of the late Thanksgiving holiday, were recorded to the State’s books in December.
The U.S. economy grew at a healthy 4.1% annual rate in the third quarter, revised figures showed Friday, boosting hopes that the recovery is shifting into higher gear after years of sluggishness.
The U.S. economy grew at its fastest pace in almost two years in the third quarter, the government said on Friday as it revised its estimates of business and consumer spending higher.
A close look at recent migration data shows that a significant number of younger people do indeed prefer urban life and can endure, temporarily at least, the high housing costs that go with it. However, the data also show that as they age, Americans continue, in general, to shift to suburbs, and later smaller communities, looking to buy homes and start families.
Three of California’s largest school districts showed gains on a national assessment of urban districts that also singled out Los Angeles and Fresno Unified for special recognition from U.S. Secretary of Education Arne Duncan.