Domestic demand - from consumers to businesses - will push economic growth in the U.S. and California to higher levels in 2015, and lead to even better numbers in 2016. Visit Beaconomics to see our latest outlook for the nation and California.
Brand new data from the U.S. BEA provides a detailed picture of California consumers and their spending patterns. More on housing but less on cars? View our latest post at No Nonsense Economics.
Despite slackening global demand and congestion at West Coast ports, California exporters set an all time high record in 2014 with the value of the state's merchandise export trade reaching $174 billion. View Beacon Economics' new analysis
California added just 700 new jobs in the latest numbers, but that is on top of the 82,800 jobs added in November - a major jump. Read Beacon Economics' analysis of the new EDD numbers.