July 23, 2016

NOT IN KANSAS ANYMORE:

If California's a 'bad state for business,' why is it leading the nation in job and GDP growth? (Michael Hiltzik, 7/22/16, LA Times)

State and federal statistics released as recently as Friday make it clear: California is smoking hot, economy-wise.

The state gained 40,300 jobs in June and 461,000 over the year. With a gain of 2.9%, that was the best 12-month record of any large state except Florida, which won by a nostril with a gain of 3%, and much better than the nation as a whole (1.7%). According to the congressional Joint Economic Committee, California leads the nation in growth in its gross domestic product, which grew by 4.2% in 2015 -- more than twice the national rate.

Posted by at July 23, 2016 7:20 PM

  

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