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

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

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Those departments may seek increases in compensation to ensure their pay remains competitive with CDCR —potentially adding still more costs to the state. Extending Licensing Exemptions to Out‑of‑State Licensed Providers State Licensing Policies Limit Pool of Potential Providers.
https://lao.ca.gov/Publications/Report/5134

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

California's Private-Sector Labor Market Showing Broad Weakness [EconTax Blog]

Jul 1, 2024 - California's Private-Sector Labor Market Showing Broad Weakness [EconTax Blog] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/LAOEconTax/Article/Detail/806