California Economy and Taxes
 
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Thumbnail for Home Sales Update: October 2020

Home Sales Update: October 2020 November 24, 2020

California home sales have rebounded strongly from spring slump.

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October 2020 Jobs Report November 21, 2020

California recovered 145,000 jobs in October.

Thumbnail for Income Tax Withholding Tracker: November 16 - November 20

Income Tax Withholding Tracker: November 16 - November 20 November 20, 2020

Income tax withholding this week kept pace with the same week in 2019, and collections since late March are 3.5 percent above 2019.

Thumbnail for U.S. Retail Sales Update: October 2020

U.S. Retail Sales Update: October 2020 November 17, 2020

U.S. retail sales grew modestly in October. Total sales January-October 2020 were just 0.1% below January-October 2019.

Thumbnail for Income Tax Withholding Tracker: November 9 - November 13

Income Tax Withholding Tracker: November 9 - November 13 November 13, 2020

Income tax withholding again ran ahead of last year's pace, and is up 3.6 percent from last year since late March.

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Card Spending Update: October 2020 November 12, 2020

Credit/debit card data suggest CA taxable sales continued to grow in October but still remained slightly below January.

Thumbnail for Income Tax Withholding Tracker: November 2 - November 6

Income Tax Withholding Tracker: November 2 - November 6 November 6, 2020

Withholding this week was up 6 percent from the same week last year, pushing the cumulative gain since late March to 3.5 percent.

Thumbnail for California New Business Creation: October 2020

California New Business Creation: October 2020 November 6, 2020

Creation of new businesses in California remained very strong in October. 

Thumbnail for Building Permits Update: September 2020

Building Permits Update: September 2020 November 3, 2020

California records nearly 10,000 housing permits in September, the highest monthly total to date this year.

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Home Prices Update: September 2020 November 2, 2020

California home prices are on the rise despite the pandemic.

Thumbnail for Income Tax Withholding Tracker: October 26 - October 30

Income Tax Withholding Tracker: October 26 - October 30 November 2, 2020

Income tax withholding kept pace with the same week in 2019, and collections since March are up 3.4 percent from 2019.

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2nd Quarter 2020 Personal Income Report October 23, 2020

California personal income surged in the 2nd quarter due to transfer payments, but other income categories dropped sharply. 

Thumbnail for Income Tax Withholding Tracker: October 19 - October 23

Income Tax Withholding Tracker: October 19 - October 23 October 23, 2020

We examine whether economic effects of COVID-19 can be observed in weekly withholding data.

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Snapshot of the California Economy: September 2020 October 23, 2020

After months of rapid rebound, the recovery of the state economy has been less pronounced recently.

Thumbnail for Weekly Unemployment Claims Update: October 4 - October 10

Weekly Unemployment Claims Update: October 4 - October 10 October 19, 2020

Observations on this week's unemployment insurance claims data.