A recent opinion column from Bloomberg,
California Defies Doom With No. 1 U.S. Economy, highlights statistics about California’s current economic climate.
According to data compiled by Bloomberg:
- Since April 2020, "California household income increased $164 billion, almost as much as Texas, Florida and Pennsylvania combined..."
- "Quarterly revenue per employee of the publicly-traded companies based in the state climbed to an all-time high of $1.5 million in May, 63% greater than its similar milestone a decade ago..."
- "The state’s gross domestic product increased 21% during the past five years, dwarfing No. 2 New York (14%) and No. 3 Texas (12%)..."
- “In a sign of investor demand, the weight of California companies in the benchmark S&P 500 Index increased 3 percentage points since a year ago, the most among all states…”
- “Among the five largest economies, California outperforms the U.S., Japan and Germany with a growth rate exceeded only by China.”
How our community doing? See the latest
City of Roseville data.
Find more about the strength of the region from the
Greater Sacramento Economic Council.
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