10/18/2024 | Press release | Distributed by Public on 10/18/2024 13:15
Oct 18, 2024
What you need to know: California created 14,700 new jobs in September, averaging 16,500 new jobs per month this year, as the state's economy has grown faster than the nation's over the past 25 years and per capita GDP outranks every other country.
SACRAMENTO - As the state continues to add thousands of jobs for the 53rd month straight, new economic data has highlighted California's continued economic dominance.
Governor Gavin Newsom
Creating thousands more jobs
September's jobs report shows that California is outpacing last year's growth:
"California is an economic powerhouse, nationally and globally"
New PPIC report illustrated how California's economy is a global powerhouse, here are some of the takeaways:
California's economic leadership
California is home to the most Fortune 500 companies - beating out Texas, Florida, and all other states. Travel spending reached an all-time high of $150.4 billion. Plus, leading the next generation, California is home to 35 of the world's 50 leading AI companies, high-impact research and education institutions, and a quarter of the technology's patents and conference papers. California has one of the most equitable tax systems in the entire country, and is #1 in the nation for new business starts, #1 for access to venture capital funding, #1 for manufacturing, #1 for high-tech, and #1 for agriculture.
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