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            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/

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