California Economy and Taxes

Home Sales Update: June 2021 July 28, 2021

California homes continue to sell briskly, with monthly sales breaking 40,000 in June.

Income Tax Withholding Tracker: July 1 - July 23 July 23, 2021

Income tax withholding from July 1 to July 23 was 17.8 percent above the same dates in 2020.

June 2021 Jobs Report July 16, 2021

California employers added an estimated 73,500 jobs in June, the smallest increase since January.

U.S. Retail Sales Update: June 2021 July 16, 2021

U.S. retail sales (seasonally adjusted) grew 0.6 percent from May to June. Retail sales remain elevated due to dramatic growth in January and March.

California New Business Creation: June 2021 July 12, 2021

Californians continue to found new businesses at an above average pace.

Net Taxpayer Outmigration Increased During 2017-2019  July 6, 2021

New IRS data show that the state had higher net losses of income tax filers during 2017-2019 than the prior five years. 

Building Permits Update: May 2021 July 5, 2021

California recorded 9,291 housing permits in May, well below the totals of March and April. 

1st Quarter 2021 Personal Income Report June 28, 2021

California personal income rose 9.3 percent in the first quarter, mostly reflecting federal stimulus payments.

Income Tax Withholding Tracker: June 1-June 25 June 25, 2021

California income tax withholding continues to surge, as June collections to date are nearly 25 percent above last June.

Home Sales Update: May 2021 June 24, 2021

California home sales remained high in May, but unusually declined from April. 

Home Prices Update: May 2021 June 24, 2021

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.

May 2021 Jobs Report June 18, 2021

California employers added 104,500 net jobs in May, the fourth straight month over 100,000.

U.S. Retail Sales Update: May 2021 June 15, 2021

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 Venture Capital Funding, 1st Quarter 2021 June 10, 2021

California companies raised $30.1 billion of venture capital funding in the 1st quarter, a new record.

California New Business Creation: May 2021 June 10, 2021

New business creation in California continues to run well ahead of typical levels.