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.

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 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.

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 low unemployment rate, which stood at 4.2% in April, has signaled to economists and investors alike that the U.S. economy remains relatively healthy.

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 ...