Below are the monthly updates from the most current 2022 fuel price data (GasBuddy.com) and February 2022 electricity and natural gas price data (US Energy Information Administration). The latest data continues to reflect the increase in crude oil and natural gas prices, with the 2nd highest gasoline prices on record in California. More troubling for […]
Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. California origin exports were up sharply by 14.9% compared to March 2021, and 8.5% compared to the pre-pandemic level in March 2019. While significant in nominal terms, adjusting for inflation instead shows that the state’s […]
The latest report from California New Car Dealers Association (CNCDA) shows total new light vehicle registrations in 2021 came in just above expectations at 1.86 million vehicles but were still off 11.0% compared to pre-pandemic 2019. The report indicates that sales are expected to continue a gradual recovery, reaching 1.93 million in 2022. These numbers, however, remain subject to uncertainty stemming from the continuing supply chain disruptions and their effect on both imported vehicle deliveries and component shortages affecting domestic production. In part reflecting these continuing shortages, the new vehicle element in the Consumer Price Index rose 12.5% over the year in the latest data for March. As discussed in our previous reports, new vehicle sales are also a major component of sales and use tax that provides revenues for a range of state and local programs.
Highlights for policy makers:
COVID-19 and the State Economy
Nonfarm Jobs: 353k Below Pre-Covid Peak
Jobs Change by Industry
Employment 676k Below Pre-Covid Level
Unemployment Insurance: Illinois Becomes Latest State Using Federal Funds to Slash UI Debt
Labor Force Participation Rate
Unemployment Rates by Legislative Districts
Unemployment Rates by Region
MSAs with the Worst Unemployment Rates
Technical Notes
The Center for Jobs and the Economy has released our initial analysis of the March Employment Report from the California Employment Development Department. For additional information and data about the California economy visit www.centerforjobs.org/ca. The March job and employment numbers continued to be positive, with employment showing stronger gains and nonfarm jobs backing off to […]
Download Executive Summary Download Full Report Download Fact Sheet Executive Summary As part of its ongoing mission to identify and analyze policies driving up the cost of living and impacting the state’s business climate, the Center for Jobs and the Economy undertook an in-depth analysis of Initiative #19-0028A1 to better understand its economic impacts for […]
Below are the monthly updates from the March 2022 fuel price data (GasBuddy.com) and January 2022 electricity and natural gas price data (US Energy Information Administration). This latest data continues to reflect the run-up in oil and natural gas costs, with the highest gasoline and diesel prices on record. With a greater lag of two […]
In nominal terms, California origin exports exceeded the pre-pandemic 2019 levels for the 4th month in a row. In real terms, however, the numbers continue to show a decline.
Highlights for policy makers:
COVID-19 and the State Economy
Nonfarm Jobs: 353k Below Pre-Covid Peak
Jobs Change by Industry
Employment 676k Below Pre-Covid Level
Unemployment Insurance: Illinois Becomes Latest State Using Federal Funds to Slash UI Debt
Labor Force Participation Rate
Unemployment Rates by Legislative Districts
Unemployment Rates by Region
MSAs with the Worst Unemployment Rates
Technical Notes
The Center for Jobs and the Economy has released our initial analysis of the February Employment Report from the California Employment Development Department. The February job and employment numbers saw some improvement in the state’s recovery levels, with employment gains continuing the January performance and nonfarm jobs rising at a higher rate. Nonfarm jobs (seasonally […]
Highlights for policy makers:
COVID-19 and the State Economy
CaliFormer Businesses: Update
CaliFormers: Business Closures & Recovery During the Pandemic
CaliForming: Venture Capital Activity Boosts State Revenues
Nonfarm Jobs: 498k Below Pre-Covid Peak
Jobs Change by Industry
Employment 774k Below Pre-Covid Level
Unemployment Insurance Initial Claims Still Above Pre-Pandemic Averages
Labor Force Participation Rate
Unemployment Rates by Legislative Districts
Unemployment Rates by Region
MSAs with the Worst Unemployment Rates
Technical Notes
The Center for Jobs and the Economy has released our initial analysis of the January Employment Report from the California Employment Development Department. The January numbers continue the annual data revision process, with the comparisons discussed below reflecting these adjustments. The discussion is limited to the California numbers released so far today. Relative rankings will […]
In nominal terms, California origin exports exceeded the pre-pandemic 2019 levels for the 4th month in a row. In real terms, however, the numbers continue to show a decline.
Below are the monthly updates from the most current February 2022 fuel price data (GasBuddy.com) and December 2021 electricity and natural gas price data (US Energy Information Administration). The release of the December 2021 utility rate data provides a moment to assess the effect of the state’s energy policies on the ceaseless rise in the […]
In nominal terms, California origin exports exceeded the pre-pandemic 2019 levels for the 4th month in a row. In real terms, however, the numbers continue to show a decline.