Early Data Revision Shows No Job Creation During 2024 Q4 [EconTax Blog]

Jun 24, 2025 - Newest Revision  Shows State Added No Jobs from September Through December 2024.   Based on the most recent release of the early benchmarks, shown in the figure below, the monthly business survey appears to have overestimated job growth by 100,000 jobs.
https://lao.ca.gov/LAOEconTax/Article/Detail/833

Early Data Revision Shows No Job Creation During 2024 Q4 [EconTax Blog]

Jun 24, 2025 - Newest Revision  Shows State Added No Jobs from September Through December 2024.   Based on the most recent release of the early benchmarks, shown in the figure below, the monthly business survey appears to have overestimated job growth by 100,000 jobs.
https://lao.ca.gov/LAOEconTax/article/Detail/833

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - One important exception is that revisions tend to be more meaningful during economic downturns, with monthly survey estimates often overstating the number of jobs.   Recent Rebenching Shows State Added Far Fewer Jobs Than Originally Thought.  
https://lao.ca.gov/LAOEconTax/article/Detail/825

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - One important exception is that revisions tend to be more meaningful during economic downturns, with monthly survey estimates often overstating the number of jobs.   Recent Rebenching Shows State Added Far Fewer Jobs Than Originally Thought.  
https://lao.ca.gov/LAOEconTax/Article/Detail/825

California Labor Market Showing Broad Signs of Weakness [EconTax Blog]

Sep 30, 2025 - August Jobs Report Suggests State 's Labor Market Remains Soft. According to the monthly business survey, the state added 4,000 jobs in August and the July report was revised down from +15,000 to -300.
https://lao.ca.gov/LAOEconTax/Article/Detail/839

California Labor Market Showing Broad Signs of Weakness [EconTax Blog]

Sep 30, 2025 - August Jobs Report Suggests State 's Labor Market Remains Soft. According to the monthly business survey, the state added 4,000 jobs in August and the July report was revised down from +15,000 to -300.
https://lao.ca.gov/LAOEconTax/article/Detail/839

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
https://lao.ca.gov/Publications/Report/5162

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Namely, for any new services added to the plan that are rated as supported or promising, DSS would need to ensure that at least 50  percent of Title IV ‑E dollars are claimed for well ‑supported services.
https://lao.ca.gov/Publications/Report/5106