California Economy and Taxes

The Stock Market Downturn and California's Finances August 28, 2015

We answer some questions we receive about California's budget and the stock market downturn of recent days.

3/2015: California Nonfarm Jobs Up by 39,800 April 17, 2015

California's Employment Development Department (EDD) has released preliminary jobs data for the month of March 2015. Once again, jobs increased, and the state's unemployment rate declined.

Effects of Lower Oil Prices on Economy January 13, 2015

In our Overview of the Governor's Budget, we note that lower oil prices should help the economy in the near term.

New Governor's Budget Economic Forecast January 13, 2015

We compare key economic variables of the Brown Administration's new Governor's Budget plan forecast with those from recent LAO and administration projections.

California Oil Production Has Stabilized in Recent Years December 8, 2014

California ranks behind Texas and North Dakota in oil output, excluding offshore production on federal lands. Over 70 percent of statewide oil production is in Kern County. Oil prices fluctuate widely, and changes in prices can be connected with changes in production activity.