The rate hikes have driven inflation below 3% from over 8%, but they've come at a cost. Unemployment has risen to 4.2% from 3.4%, fewer open jobs are available, and layoffs are climbing.

The economy grew 3% last summer, but growth has been harder to come by recently. In the fourth quarter, GDP grew 2.4%, and the BEA’s advance estimate for GDP is -0.3% for the first quarter.

Governor Gavin Newsom highlighted California’s nominal GDP of $4.1 trillion in 2024, surpassing Japan’s $4.02 trillion, positioning the state as the world’s fourth-largest economy behind the ...

The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses.

California’s $4.1 trillion output last year jumped its long-standing No. 5 global ranking to slip past Japan’s $4.03 trillion.

The weakness in the U.S. economy is starting to get more pronounced, ... The Atlanta Federal Reserve's GDPNow forecast for the first quarter was just cut to a worrisome negative 1.4% annual rate.

California is now the fourth largest economy in the world, ... New data shows California's nominal GDP reached $4.1 trillion, surpassing Japan's $4.02 trillion.

California reached $4.1 trillion to become the fourth-largest economy in the world. California has surpassed Japan to become the fourth-largest economy in the world. The ranking is from newly ...