State Profile

California

 
June 2014

Big Picture

  • State job growth rose 2.3% in April 2014 from a year ago; national job growth rose 1.7%
  • State unemployment averaged 7.3% in April 2014; the national average was 6.3%
  • Personal income rose 0.7% to $1.8 trillion in Q4 2013 from a year ago.
  • Tax revenue increased 7.9% in Q4 2013 from a year ago.
  • Exports rose 4.8% to $28.9 billion in the first two months of 2014 from a year ago.

Recent News

Employment Data

Minimum wage of $8.00 well exceeds the $7.25 national rate.

California Unemployment and Job Growth Rates
April 2014

 Unemployment RateJob Growth Rate
US6.3%1.7%
Bakersfield11.4%1.4%
Chico8.6%2.4%
El Centro21.6%4.3%
Fresno12.1%4.1%
Hanford13.1%0.8%
Los Angeles7.0%2.1%
Madera11.2%0.0%
Merced14.3%2.2%
Modesto12.3%1.2%
Napa5.0%4.0%
Oxnard6.1%2.0%
Redding9.5%2.2%
Riverside8.3%2.4%
Sacramento7.1%2.7%
Salinas9.3%1.7%
San Diego6.0%2.2%
San Francisco5.2%2.2%
San Jose5.4%4.0%
San Luis Obispo5.2%1.3%
Santa Barbara5.4%1.4%
Santa Cruz9.0%1.8%
Santa Rosa5.3%4.3%
Stockton11.7%2.5%
Vallejo7.0%2.1%
Visalia13.4%0.8%
Yuba City14.5%1.0%
Source: Bureau of Labor Statistics


California Unemployment Rate vs. National Average


Source: Bureau of Labor Statistics


California Job Growth Rates vs. National Average


Source: Bureau of Labor Statistics
 
California Industry Growth Rates
April 2014

 Job Growth
All Employment2.3%
Construction6.4%
Manufacturing-0.1%
Metal Products0.2%
Industrial Machinery3.6%
Computers & Electronics0.0%
Communications Equip.-2.1%
Semiconductors-2.3%
Avionics-3.1%
Aerospace Products-1.9%
Furniture1.6%
Food Products-2.1%
Apparel-3.7%
Paper Products0.5%
Printing-6.2%
Pharmaceuticals1.1%
Plastics Products-0.7%
Wholesale Trade1.9%
Retail Trade2.1%
Cars & Auto Parts1.3%
Building Materials4.3%
Food Stores3.7%
Clothing Stores3.4%
Transportation, Utilities2.0%
Telecommunications0.7%
Finance-0.3%
Banks-5.0%
Business Services4.1%
Healthcare & Education3.5%
Hospitals-0.7%
Hotels1.5%
Restaurants2.6%
Government0.6%
Local Government0.6%
Source: Bureau of Labor Statistics

Local Real Estate Summary



California New Housing Permits


Source: US Bureau of Census

 

California Annual Home Price Changes
 2013Q3 13Q4 13
US Average3%4%4%
Bakersfield13%15%16%
Chico7%9%9%
El Centro9%10%14%
Fresno9%9%12%
Hanford-Corcoran5%5%12%
Los Angeles-Long Beach-Glendale (MSAD)10%13%15%
Madera11%9%14%
Merced14%20%22%
Modesto18%21%29%
Napa16%18%22%
Oakland-Fremont-Hayward (MSAD)15%18%19%
Oxnard-Thousand Oaks-Ventura11%13%16%
Redding9%12%11%
Riverside-San Bernardino-Ontario15%18%23%
Sacramento-Arden-Arcade-Roseville16%20%22%
Salinas10%11%17%
San Diego-Carlsbad-San Marcos12%15%17%
San Francisco-San Mateo-Redwood City (MSAD)16%20%20%
San Jose-Sunnyvale-Santa Clara14%17%17%
San Luis Obispo-Paso Robles10%12%14%
Santa Ana-Anaheim-Irvine (MSAD)12%14%16%
Santa Barbara-Santa Maria-Goleta10%12%16%
Santa Cruz-Watsonville10%13%11%
Santa Rosa-Petaluma15%18%22%
Stockton20%23%26%
Vallejo-Fairfield17%21%24%
Visalia-Porterville8%9%13%
Yuba City13%18%20%
Source: FHFA

Website Resources

State of California
http://www.ca.gov

California Procurement Division
http://www.pd.dgs.ca.gov/

California Secretary of State
http://www.ss.ca.gov

California State Data Center at University of California
http://ucdata.berkeley.edu

RAND California Page
http://www.ca.rand.org/cgi-bin/homepage.cgi

California Labor Market Information
http://www.labormarketinfo.edd.ca.gov/

California Chamber of Commerce
http://www.calchamber.com

Los Angeles Business
http://losangeles.bizjournals.com/losangeles

Sacramento Business Journal
http://sacramento.bizjournals.com/sacramento

San Francisco Business Times
http://sanfrancisco.bizjournals.com/sanfrancisco

San Jose Business Journal
http://sanjose.bizjournals.com/sanjose

FDIC Statistics on Banking - California
http://www2.fdic.gov/SDI/SOB/