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US unemployment rate. 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 ...
“California is the 5th largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% since the year prior ...
From 2021 to 2023, the population of U.S. citizens 16 years and older living in California fell by 625,000, according to data from the U.S. Bureau of Labor Statistics, while employment increased ...
t. e. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, as well as require a 2/3 majority for tax increases ...
She is the Chancellor's Professor of Economics at University of California, Berkeley. [2] Nakamura is a research associate and co-director of the Monetary Economics Program of the National Bureau of Economic Research, [3] and a co-editor of the American Economic Review. [4] [5]
Gasoline. .California’s prices have been the nation’s highest for some time, peaking at $6.44 for a gallon of regular gasoline in mid-June 2022. Thursday, the average in the state was $4.81 ...
The 2000–2001 California electricity crisis, also known as the Western U.S. energy crisis of 2000 and 2001, was a situation in which the U.S. state of California had a shortage of electricity supply caused by market manipulations and capped retail electricity prices. [ 10] The state suffered from multiple large-scale blackouts, one of the ...
The latest national inflation rate, for the 12 months ending in February, was 3.2%, the federal Bureau of Labor Statistics reported Tuesday. California, though, should continue to have an ...