California's fourth-ranked economy is also tops in unemployment, poverty and deficits

California's fourth-ranked economy is also tops in unemployment, poverty and deficits

California’s budget is unhealthy, and its unemployment and poverty are high, even as the state’s economy continues to grow.

Milestones – Another Picture - Opinion - The Silicon Valley Voice

California is touted now as the nation’s largest economy and also the most populous state. If you look at the headlines, you would think our state is booming. Is doing well good enough? When you read the fine print of the state budget, it has ballooned to a whopping 300 billion dollars. Governor Gavin Newsom is proud that his state will show a deficit this year of ONLY 2 billion. Imagine that! Being thrilled with a small deficit of 2 billion dol…

California’s fourth-ranked economy is also tops in unemployment, poverty and deficits

This story was originally published by CalMatters. Sign up for their newsletters. California’s economic output has surpassed $4 trillion a year and in doing so slipped past Japan to become, were it a nation, the globe’s fourth largest economy, surpassed only by the United States, China and Germany. The news was an opportunity for Gov. […] The post California’s fourth-ranked economy is also tops in unemployment, poverty and deficits appeared firs…

California ranked as fourth largest economy in the world

California is the nation’s top state for new business starts, access to venture capital funding, and manufacturing, high-tech, and agriculture.