California home prices continue to surge, and are now up an average of 9% over last November.
California home sales were well above the 2019 level for the fifth straight month.
California employers added 57,100 jobs in November, the smallest increase since the economy started to recover.
Credit/debit card data suggest CA taxable sales continued to grow in November; spending now higher than January.
U.S. retail sales declined by 1% in November, but total sales Jan.-Nov. 2020 were slightly higher than Jan.-Nov. 2019.
New business creation remained well above historical norms in November, despite slowing a bit relative to recent months.
California recorded about 8,000 housing permits in October, with single units accounting for more than 70 percent of the total.
Economic data suggest the state’s economy showed promising improvement in October, but this one-month uptick should be viewed with some caution.
California home sales have rebounded strongly from spring slump.
California recovered 145,000 jobs in October.
Income tax withholding this week kept pace with the same week in 2019, and collections since late March are 3.5 percent above 2019.
U.S. retail sales grew modestly in October. Total sales January-October 2020 were just 0.1% below January-October 2019.
Income tax withholding again ran ahead of last year's pace, and is up 3.6 percent from last year since late March.
Credit/debit card data suggest CA taxable sales continued to grow in October but still remained slightly below January.
Withholding this week was up 6 percent from the same week last year, pushing the cumulative gain since late March to 3.5 percent.