Reports

The latest new vehicle sales data from California New Car Dealers Association indicates that sales are still projected to be under 2 million units for the year, slipping below sales in the prior four years but still well above historical levels.  While slowing, this indicator reflects the level of overall consumer confidence and continuing strength of the recovery.  New vehicle sales are also a critical indicator of state and local revenues, with Motor Vehicle and Parts Dealers (NAICS 441) producing 13% of total taxable sales in the most recent data for the first quarter in 2018.

Unemployment Unchanged at 4.2%; Employment Down 45,300
Labor Force Participation Rate Dips to 62.2%
Employment Growth Ranking—California Drops to 9th
Nonfarm Jobs Up 46,200 for Month; California Remains Ranked #2 for 12-month Gain
Jobs Change by Industry
Structural Shifts in State’s Economy
Unemployment Rates by Region
Unemployment Rates by Legislative District
Employment Growth by Region
MSAs with the Worst Unemployment Rates
Chart of the Month: Economic Confidence

The latest new vehicle sales data from California New Car Dealers Association indicates that sales are still projected to be under 2 million units for the year, slipping below sales in the prior four years but still well above historical levels.  While slowing, this indicator reflects the level of overall consumer confidence and continuing strength of the recovery.  New vehicle sales are also a critical indicator of state and local revenues, with Motor Vehicle and Parts Dealers (NAICS 441) producing 13% of total taxable sales in the most recent data for the first quarter in 2018.

Unemployment Unchanged at 4.2%; Employment Down 45,300
Labor Force Participation Rate Dips to 62.2%
Employment Growth Ranking—California Drops to 9th
Nonfarm Jobs Up 46,200 for Month; California Remains Ranked #2 for 12-month Gain
Jobs Change by Industry
Structural Shifts in State’s Economy
Unemployment Rates by Region
Unemployment Rates by Legislative District
Employment Growth by Region
MSAs with the Worst Unemployment Rates
Chart of the Month: Economic Confidence

Unemployment Unchanged at 4.2%; Employment Down 45,300
Labor Force Participation Rate Dips to 62.2%
Employment Growth Ranking—California Drops to 9th
Nonfarm Jobs Up 46,200 for Month; California Remains Ranked #2 for 12-month Gain
Jobs Change by Industry
Structural Shifts in State’s Economy
Unemployment Rates by Region
Unemployment Rates by Legislative District
Employment Growth by Region
MSAs with the Worst Unemployment Rates
Chart of the Month: Economic Confidence

Highlights for policy makers:
Unemployment Dips to 4.2%; Employment Down 39,400
Labor Force Participation Rate Dips to 62.4%
Labor Force by Age
Employment Growth Ranking—California Dips to 3rd
Nonfarm Jobs Up 19,400 for Month; California Remains Ranked #2 for 12-month Gain
Jobs Change by Industry
Structural Shifts in State’s Economy
Unemployment Rates by Region
Unemployment Rates by Legislative District
Employment Growth by Region
MSAs with the Worst Unemployment Rates
Chart of the Month: $15 Minimum Wage

The latest new vehicle sales data from California New Car Dealers Association indicates that sales are now projected to be above 1.9 million units for the year.  Although slowing 4% from the prior year, this indicator reflects the level of overall consumer confidence and continuing strength of the recovery. New vehicle sales are also a critical indicator of state and local revenues, with Motor Vehicle and Parts Dealers (NAICS 441) producing 13% of total taxable sales in the most recent data for the first quarter in 2018.

• Light truck market share in the quarter was down marginally to 56.1%, compared to 57.3% in Q4 2018 and 53.6% in Q1 2018.

• Consumer shifts to light trucks for the US outside California similarly showed only a marginal change, accounting for 69.9% of new light vehicle sales. The potential for California’s ZEV policies to be replicated beyond its borders remains low as the market segment targeted by most Plug-in Electric Vehicle (PEV) models—cars—continues to remain low as a result of consumer preferences.

• The average California price for regular gas in Q1 2019 was $3.34 a gallon, the same as the year prior.

•Unemployment Unchanged at 4.3%; Employment Down 49,400
•Labor Force Participation Rate Dips to 62.6%
•Labor Force by Age
•Employment Growth Ranking—California Dips to 2nd
•Nonfarm Jobs Up 46,000 for Month; California Remains Ranked #2 for 12-month Gain
•Jobs Change by Industry
•Structural Shifts in State’s Economy
•Unemployment Rates by Region
•Unemployment Rates by Legislative District
•Employment Growth by Region
•MSAs with the Worst Unemployment Rates
•Chart of the Month: California Needs 180,000 New Housing Units Each Year Just to Keep Up with Population Growth — They’re Being Built in Texas

Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.

Below are the monthly updates from the most current April 2019 fuel price data (GasBuddy.com) and February 2019 electricity and natural gas price data (US Energy Information Agency). To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.

•Unemployment Level Up at 4.3%; Employment Down 16,900
•Labor Force Participation Rate Stays at 62.8%
•Labor Force Rate by Age
•Employment Growth Ranking—California Remains 1st
•Nonfarm Jobs Up 14,600 for Month; California Remains Ranked #2 for 12-month Gain
•Jobs Change by Industry
•Structural Shifts in State’s Economy
•Unemployment Rates by Region
•Unemployment Rates by Legislative District
•Employment Growth by Region
•MSAs with the Worst Unemployment Rates
•Chart of the Month: Business Employment Dynamics

Highlights for policy makers:

• Unemployment Level at 4.2%; Employment Up 18,000
• Labor Force Participation Rate Rises to 62.8%
• Labor Force by Age
• Employment Growth Ranking—California Remains 1st
• Nonfarm Jobs Up 14,600 for Month; California Remains Ranked #2 for 12-month Gain
• Jobs Change by Industry
• Structural Shifts in State’s Economy
• Unemployment Rates by Region
• Unemployment Rates by Legislative District
• Employment Growth by Region
• 20 MSAs with the Worst Unemployment Rates
• Chart of the Month: Manufacturing Employment

Highlights for policy makers:

• Unemployment Rises to 4.2%; Employment Up 35,200
• Labor Force Participation Rate Rises to 62.7%
• Labor Force by Age
• Employment Growth Ranking—California Back to 1st
• Nonfarm Jobs Up 24,500 for Month; California Remains Ranked #2 for 12-month Gain
• Jobs Change by Industry
• Structural Shifts in State’s Economy
• Unemployment Rates by Region
• Employment Growth by Region
• 20 MSAs with the Worst Unemployment Rates
• Chart of the Month: WARN Act Notices