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California's Economy: Booming but Uneven

Published 3 weeks, 3 days ago
Description

Californias economy surges past the nations, with a robust 3.8% growth rate in Q4, but hiring lags, causing unemployment to remain above 5% for nearly two years. The states tech sector thrives, while construction, retail, and hospitality struggle. Unemployment is projected to decline to 4.8% by 2027, with job growth picking up to 2.1% by then.

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