Alice Malone(@alicirce) 's Twitter Profile Photo

California revised its jobs growth estimate down from +325k to +50k jobs.

Interestingly, household surveys were more accurate than employer surveys.

This might explain some of the St*ncil phenomenon of economic dissatisfaction despite 'good' indicators.

lao.ca.gov/LAOEconTax/Art…

California revised its jobs growth estimate down from +325k to +50k jobs.

Interestingly, household surveys were more accurate than employer surveys.

This might explain some of the St*ncil phenomenon of economic dissatisfaction despite 'good' indicators.

lao.ca.gov/LAOEconTax/Art…
account_circle
Jim Stanley(@JimStanleyCA) 's Twitter Profile Photo

Apparently Gavin Newsom thinks our unemployment rate is too low and not enough companies are moving to Texas, so he’s planning to solve that problem with several billion dollars in business tax increases.

account_circle
YissakarScribeMedia(@YissakarScribe) 's Twitter Profile Photo

YSMedia Bump
AAN TEAMS UP WITH World Peace Movement to make updates on the Humanitarian Crisis that the California Governor is unable to handle. The Crisis Update of the Week impacts ages 50 and below claiming the lives of 1 in 8 Americans.

California Governor California Economy & Taxes Visit California Equality California

YSMedia Bump
AAN TEAMS UP WITH @darren_stallcup to make updates on the Humanitarian Crisis that the California Governor is unable to handle. The Crisis Update of the Week impacts ages 50 and below claiming the lives of 1 in 8 Americans.

@CAgovernor @LAOEconTax @VisitCA @eqca
account_circle
Fernando Vidal(@fernavid) 's Twitter Profile Photo

These revisions can be pretty dramatic this time of the year. That last column represents the latest version of the past. You can see a small revision usually happens once in the first month after the initial release of the data, then another (way bigger) one around the beginning

These revisions can be pretty dramatic this time of the year. That last column represents the latest version of the past. You can see a small revision usually happens once in the first month after the initial release of the data, then another (way bigger) one around the beginning
account_circle
California Economy & Taxes(@LAOEconTax) 's Twitter Profile Photo

Our updated revenue forecast, which reflects April collections, continues to suggest significant downside risk to revenues relative to the Governor’s Budget. Our forecast is $19 billion below the Governor’s Budget across 2022-23 to 2024-25. lao.ca.gov/LAOEconTax/Art…

Our updated revenue forecast, which reflects April collections, continues to suggest significant downside risk to revenues relative to the Governor’s Budget. Our forecast is $19 billion below the Governor’s Budget across 2022-23 to 2024-25. lao.ca.gov/LAOEconTax/Art…
account_circle
California Economy & Taxes(@LAOEconTax) 's Twitter Profile Photo

We have updated our California Housing Affordability Tracker with data through the first quarter of 2024. Purchasing a home in California remains historically unaffordable. lao.ca.gov/LAOEconTax/Art…

We have updated our California Housing Affordability Tracker with data through the first quarter of 2024.  Purchasing a home in California remains historically unaffordable. lao.ca.gov/LAOEconTax/Art…
account_circle
Nick Timiraos(@NickTimiraos) 's Twitter Profile Photo

California added just 50,000 jobs between September 2022 and 2023, down from initial estimates of a 325,000 gain.

Employment surveys overestimated job growth in higher-paying private-sector jobs and underestimated government job growth lao.ca.gov/LAOEconTax/Art…

California added just 50,000 jobs between September 2022 and 2023, down from initial estimates of a 325,000 gain.

Employment surveys overestimated job growth in higher-paying private-sector jobs and underestimated government job growth lao.ca.gov/LAOEconTax/Art…
account_circle
Ken Broad(@Metis65) 's Twitter Profile Photo

California Economy & Taxes To no one’s surprise, Gavin Newsom ‘s wealthy “nation state” of CA continues to bleed red ink in a supposedly strong “Bidenomics” economy. Corp’s are fleeing, the 99% are struggling with affordability & PIT remains a levered bet on QQQ’s. Jason Sisney Bad policy => bad outcomes.

@LAOEconTax To no one’s surprise, @GavinNewsom ‘s wealthy “nation state” of CA continues to bleed red ink in a supposedly strong “Bidenomics” economy.  Corp’s are fleeing, the 99% are struggling with affordability & PIT remains a levered bet on QQQ’s. @JasonSisney Bad policy => bad outcomes.
account_circle
California Economy & Taxes(@LAOEconTax) 's Twitter Profile Photo

Our new post looks at the May Revision proposal to temporarily increase corporation tax revenues. lao.ca.gov/LAOEconTax/Art…

account_circle