California Economy and Taxes

October 2021 Jobs Report November 19, 2021

California employers added 96,800 net jobs in October, the highest monthly figure since July.

California New Business Creation: October 2021 November 19, 2021

The pace of new business creation in the state remains slower than in 2020 but faster than in most previous years.

Home Price Update: October 2021 November 18, 2021

California home price growth slowed sharply in October, but is still up 21 percent over the past 12 months.

U.S. Retail Sales Update: October 2021 November 16, 2021

U.S. retail sales (seasonally adjusted) grew 1.7 percent from September to October. Retail sales remain elevated due to dramatic growth in January and March. 

California Venture Capital Funding, 3rd Quarter 2021 November 5, 2021

California firms raised $34.4 billion from venture capital funds in the third quarter, a new series record.

Income Tax Withholding Tracker: October 1 - October 31 November 3, 2021

California income tax withholding in October was up 8.2 percent over October 2020, a slower growth rate than in the three previous months.

Building Permits Update: September 2021 November 1, 2021

California builders recorded 8,254 permits in September, the lowest figure since February.

September 2021 Jobs Report October 22, 2021

California employers added an estimated net 47,400 jobs in September, the smallest monthly gain since January.

2021-22 “Big Three” Revenue Outlook Update: October 2021 October 22, 2021

Based on the most recent revenue and economic data, we currently project that there is a good chance that collections from the state’s “big three” taxes will exceed the budget act assumption of $170 billion in 2021-22 by at least several billion dollars. 

Home Prices Update: September 2021 October 20, 2021

Californa home prices grew by 1.37 percent in September, the lowest figure since March but still high by historical standards.

U.S. Retail Sales Update: September 2021 October 15, 2021

U.S. retail sales (seasonally adjusted) grew 0.7 percent from August to September. Retail sales remain at the elevated level that has persisted following dramatic growth in January and March.

California New Business Creation: September 2021 October 14, 2021

Californians continue to form new businesses at a rate well above the recent average.

Building Permits Update: August 2021 October 6, 2021

California builders recorded 9,285 housing permits in August, in line with the recent average for the month.

Income Tax Withholding Tracker: September 1 - September 24 September 24, 2021

The California income tax withholding surge continues, as September collections to date are 23.5 percent above last September.

Home Sales Update: August 2021 September 24, 2021

The state recorded 37,275 home sales in August, slightly above the recent average for the month.