U.S. retail sales (seasonally adjusted) dropped 1.9 percent from November to December. Nonetheless, sales remained 17 percent above last December.
U.S. retail sales (seasonally adjusted) grew 0.3 percent from October to November. Retail sales have been elevated throughout 2021 following dramatic growth in January and March.
California income tax withholding collections in November were up nearly a third over last November.
The pace of California home sales is slowing, although it remains high by historical standards.
California employers added 96,800 net jobs in October, the highest monthly figure since July.
The pace of new business creation in the state remains slower than in 2020 but faster than in most previous years.
California home price growth slowed sharply in October, but is still up 21 percent over the past 12 months.
California firms raised $34.4 billion from venture capital funds in the third quarter, a new series record.
California builders recorded 8,254 permits in September, the lowest figure since February.
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 (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 builders recorded 9,676 permits in July, 5 percent above the same month in 2020.
California personal income rose 9.3 percent in the first quarter, mostly reflecting federal stimulus payments.
New business formation has been especially high in the retail and transportation sectors over the past ten months.
This post discussed why those interested in monitoring the state's economy should watch home sales.