(Granted this is about seven months old, but it still shows how important California is to the nation's economy.)
The downside is that the freeways are clogged 7x24 (well, almost), housing prices have soared, and ... well, there really isn't anything more not to like.
Fifth largest world economy... is it on its way to be fourth largest?
California accounted for nearly three out of every four nonfarm jobs created in the U.S. during February, according to data released Friday.
Employers in the state added 14,600 nonfarm payroll jobs last month, the California Employment Development Department reported Friday. Earlier this month, the U.S. government reported nonfarm payrolls in the U.S. rose by just 20,000 jobs in February, or the weakest national showing since September 2017.
“Whatever caused the nation as a whole to have a subpar job gain didn’t have as much influence in California in February,” said Aubrey Henry, a spokesman for the state’s EDD agency.
Even so, Henry said California’s February job gain was below trend for the state in terms of its average for the entire nine-year expansion. California — the fifth-largest economy in the world — has added more than 3.13 million jobs since the economic expansion began in February 2010.
But wait, there's more... (from about 1.5 years ago)...
California's economy is now the 5th-biggest in the world, and has overtaken the United Kingdom
From the AP (linked in previous article):New economic data puts the California economy at $2.747 trillion — bigger than most nations.
The ranking puts in fifth in the world, just ahead of the United Kingdom, which is on $2.625 trillion.
The difference is striking given California's population of 40 million to the UK's 66 million.
According to the Associated Press, California's boom has been especially pronounced because of its thriving tech, entertainment and agricultural industries.
I confess I do have fond memories of the lower traffic and less crowding during the Bush Recession. Obama ruined all that!California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. The state has 12 percent of the U.S. population but contributed 16 percent of the country's job growth between 2012 and 2017. Its share of the national economy also grew from 12.8 percent to 14.2 percent over that five-year period, according to state economists.