U.S. Retail Sales Update: December 2022 January 18, 2023

U.S. retail sales (seasonally adjusted) declined 1.1 percent from November to December. The two-month decline was 2.1 percent. In the last 30 years, two-month drops of at least 2 percent have happened around recessions. 


Updated 2022-23 "Big Three" Revenue Outlook January 13, 2023

Based on the most recent revenue and economic data, we currently estimate that collections from the state’s “big three” taxes—personal income, sales, and corporation taxes—are likely to fall below the Governor's Budget assumption of $200 billion in 2022-23. 


U.S. Retail Sales Update: November 2022 December 15, 2022

U.S. retail sales (seasonally adjusted) declined 0.6 percent from October to November. 


U.S. Retail Sales Update: October 2022 November 16, 2022

U.S. retail sales (seasonally adjusted) grew 1.3 percent from September to October. 


June 2022 Jobs Report July 25, 2022

California businesses added 19,900 jobs in June, about half as much as recent months and the slowest gain since last September.


May 2022 Jobs Report June 20, 2022

California businesses added 42,900 net jobs in May (seasonally adjusted), about the same as April and another month of slower job growth than seen in the past year.


April 2022 Jobs Report May 20, 2022

California employers added 41,400 net jobs in April (seasonally adjusted), the smallest net gain in the past six months. 


March 2022 Jobs Report May 11, 2022

California employers added 60,200 jobs net jobs March (seasonally-adjusted), a 4.2 percent increase on an annual basis. 


California New Business Creation: February 2022 March 16, 2022

February 2022 business formation data shows that new business creation is retuning to long-term average levels after growing at a faster pace in late 2020 and throughout 2021. 


U.S. Retail Sales Update: February 2022 March 16, 2022

U.S. retail sales (seasonally adjusted) grew 0.3 percent from January to February. Retail sales have been elevated after growing dramatically in early 2021, but inflation has offset much of the past year’s apparent “growth.” 


December 2021 Jobs Report January 24, 2022

California employers added 50,700 net jobs in December, representing annualized growth of 3.6 percent. 


Income Tax Withholding Tracker: November 1 - November 30 November 30, 2021

California income tax withholding collections in November were up nearly a third over last November.


Home Sales Update: October 2021 November 30, 2021

The pace of California home sales is slowing, although it remains high by historical standards.


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.


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.