California Economy and Taxes

U.S. Retail Sales Update: March 2021 April 15, 2021

March retail sales were nearly 10 percent above February and 28 percent above March 2020. 

California New Business Creation: March 2021 April 7, 2021

Californians continue to create new businesses at a strong clip.

Building Permits Update: February 2021 April 7, 2021

California housing permits came in somewhat below last February's total as multifamily permits slipped.

Snapshot of the California Economy: February 2021 April 6, 2021

While continued economic recovery can be seen on several fronts, many Californians remain out of work. 

February 2021 Jobs Report April 5, 2021

California employers added an estimated 141,000 jobs in February, the biggest net increase since June.

Home Prices Update: February 2021 April 5, 2021

California home prices keep rising, and are now up nearly 11 percent over the past 12 months.

Home Sales Update: February 2021 April 5, 2021

California home sales continue to run above their historical trend.

Income Tax Withholding Tracker: March 1 - March 29 March 30, 2021

California income tax withholding collections to date in March are up 20.3 percent over last year, and collections to date in fiscal year 2020-21 are up 11.0 percent over 2019-20.

U.S. Retail Sales Update: February 2021 March 16, 2021

 Despite a decline of 3 percent from January, February retail sales were 6.5 percent above February 2020. 

Building Permits Update: January 2021 March 11, 2021

California builders recorded 9,288 housing permits in January, slightly above January 2020.

California New Business Creation: February 2021 March 4, 2021

The pace of California business formation in February slowed from January, but remained ahead of last February.

Home Prices Update: January 2021 February 23, 2021

California home prices continue to soar, and are now more than 10 percent above the level of 12 months ago.

Home Sales Update: January 2021 February 23, 2021

California homes continued to sell at a brisk pace in January.

Income Tax Withholding Tracker: February 1 - February 19 February 19, 2021

California income tax collections this month to date are 7.8 percent above last February, and cumulative collections since late March are up 6.4 percent over the same period in 2019-20.

4th Quarter 2020 Venture Capital Funding Report February 18, 2021

California firms continued to attract VC funding at a strong pace, with $17.4 billion of new commitments in the 4th quarter of 2020.