Golden State Today

Last month, California created 43,700 jobs, accounting for 16.1% of the nation's total job creation, as the state’s unemployment rate dropped by 0.1 percent. Since May 2020, California has gained 3,100,400 jobs, averaging 63,273 per month.

“California is creating good jobs all throughout the state to support Californians and their families. As the state’s economy grows and hits new milestones, we need to continue supporting and uplifting every community across California,” said Governor Gavin Newsom.

The Golden State leads the nation in new business starts, access to venture capital funding, and ranks first in manufacturing, high-tech industries, and agriculture. Last month, Governor Newsom announced that California’s travel spending reached an all-time high of $150.4 billion last year. This follows a population increase for the first time since the pandemic.

The International Monetary Fund's World Economic Outlook noted that California remains the fifth largest economy globally for the seventh consecutive year with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% from the previous year according to the U.S. Bureau of Economic Analysis. Additionally, California's per capita GDP is second among large economies.

Earlier this month, Fortune announced that California now hosts the most Fortune 500 companies in the country for the first time since 2014—surpassing Texas and Florida—with a total of 57 companies on its list compared to Texas' and New York's tied count of 52 each.