Lately, we have seen good job growth numbers which has led to a reduction in the unemployment rate. At first glance, this is an encouraging sign for the economy. But when we have a closer look at data on business dynamics, it is clear that the overall economy has not come back to its full strength. Specifically, the economy is still not creating as many new firms as it did before the recession.
California’s economy continues to post strong year-to-year gains but growth no longer appears to be accelerating. Nonfarm employment has increased 1.6% over the past year, producing a net gain of 236,400 jobs. By contrast, employment rose 2.3% during the prior year.
. . . survey of business executives detailing current attitudes about the state’s economy, business climate, and budget.
Quarterly report on factors affecting the state’s economy
. . .in-depth analysis of state and federal issues the CalChamber considers crucial to a strategy for economic recovery.