This Google™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
Californians continue to found new businesses at an above average pace.
New IRS data show that the state had higher net losses of income tax filers during 2017-2019 than the prior five years.
California recorded 9,291 housing permits in May, well below the totals of March and April.
California personal income rose 9.3 percent in the first quarter, mostly reflecting federal stimulus payments.
California income tax withholding continues to surge, as June collections to date are nearly 25 percent above last June.
California home sales remained high in May, but unusually declined from April.
The home price surge heated up even further in May. California home prices are up 15.4 percent since last May, national prices 13.2 percent.
California employers added 104,500 net jobs in May, the fourth straight month over 100,000.
U.S. retail sales dropped by 1.3% from April to May (seasonally adjusted), but sales remain elevated, with 14% growth over the last 6 months.
California companies raised $30.1 billion of venture capital funding in the 1st quarter, a new record.
New business creation in California continues to run well ahead of typical levels.
California builders recorded nearly 11,000 housing permits in April, more than double last April's total.
California income tax withholding in May was 29.4 percent above last May, when serious pandemic restrictions were in effect.
New business formation has been especially high in the retail and transportation sectors over the past ten months.
California employers added an estimated 101,800 jobs in April, the third straight month over 100,000.