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The economy of the State of California is the largest in the United States, with a $3.987 trillion gross state product (GSP) as of 2024. [ 1 ] It is the largest sub-national economy in the world. If California were a nation it would rank in terms of nominal GDP as the world's fifth largest economy , behind Japan and ahead of India (3.937 trillion).
The California Association of Realtors predicts the median home price in the state will go up 6.2% next year to $860,300. This year’s average is $810,000, down 1.5% from 2022. The 2024 ...
The surge of international migrants since 2021 — including refugees, asylum seekers and others entering legally and illegally — has lifted the U.S. and California economies by filling ...
According to the LAO, California entered an economic downturn last year, with the number of unemployed workers jumping nearly 200,000 since the summer of 2022, raising the unemployment rate from 3 ...
Agriculture in California. California produces almonds worth $5.3 billion every year. That is 100% of commercial almonds in the United States, 100% of all of North America, and 80% of commercial almonds around the world. Agriculture is a significant sector in California's economy, producing nearly US$ 50 billion in revenue in 2018.
The California Economic Strategy Panel uses employment and wage information reported by employers, along with these regions, for public policy-making, planning, and program administration. Other agencies, specifically including the California Public Utilities Commission and the California Board of Registered Nursing , also provide reports for ...
Mortgage rates last week for a 30-year fixed rate loan averaged 6.87%, according to Freddie Mac, which tracks rates. The average rate during the week in January 2017 when Trump took office. was 4. ...
t. e. The California gold rush (1848–1855) was a gold rush that began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. [ 1] The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. [ 2] The sudden influx of gold into the money supply ...