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31 mar 2024 · Chart: The Economist. The state faces three overlapping challenges: rising unemployment, growing fiscal strains and population outflows. All of these should abate over time, but...
18 gru 2023 · California is ending the year facing a multitude of economic challenges, including a budget deficit, flat tax revenue, sluggish job growth and massive unemployment insurance debt. The state’s budget surplus turned into a $32 billion deficit in 2023 — a result of its heavy reliance on personal income taxes, which are tied to the ups and ...
3 wrz 2024 · California's economic recovery from the COVID-19 pandemic has been sluggish and a new analysis blames poor state policy choices.
9 mar 2022 · After two years of COVID, California’s economy is in a remarkably strong position. The economic trajectory has been unlike any in the modern area: a dramatic, historic negative shock followed by a relatively rapid recovery—even if month by month changes have been somewhat uneven.
Even as California confronts long-term challenges like high income inequality, stagnant mobility, and a shrinking labor force, other changes to the state’s economy are on the horizon, driven by factors like climate adaptation and technological advancements in automation and AI.
Economy. California’s economy has been hit hard by COVID-19. Between February and May 2020, the state lost more than 3 million jobs, largely erasing gains from a decade of continuous growth. The economic consequences have been severe but also unevenly distributed, exacerbating economic inequality.
14 mar 2022 · California’s economic recovery from the devastations of the pandemic was stronger than previously estimated — but skyrocketing inflation could rob the state of its hard-earned gains.
