California’s robust economy is driven by a well-supported and empowered workforce, backed by strong labor organizations and proactive policies. The state’s economic expansion surpasses that of other major states and even exceeds national growth rates. Since April 2020, California has recovered strongly from the pandemic’s impact, creating over 3 million new jobs. n nThe state outpaces peers like Florida and Texas in business formation, fueling employment and economic opportunity. With more than 4.2 million small enterprises—accounting for 99.9 percent of all businesses—California provides livelihoods for 7 million workers. As the population grows, the state remains the top destination for venture capital, while maintaining leadership in manufacturing, high-tech industries, and agriculture. n nGovernor Newsom’s commitment to labor rights, family-focused economic policies, and business development has positioned California as a prime location for entrepreneurship and employment. n
— news from Governor of California (.gov)
— News Original —
Happy Labor Day! California is #1 for workers, #1 economy in the nation
Strong unions and a strong and empowered workforce makes a strong economy, and supporting and protecting workers is a key component of California’s success. It’s why California’s economic growth outpaces all other large states. It’s also why California’s economy is growing faster than the national economy — and why California successfully rebounded after the COVID-19 pandemic, adding more than 3 million jobs since April 2020. n nCalifornia creates substantially more businesses than other states, including Florida and Texas — leading to more jobs and opportunities for our workers. California is home to more than 4.2 million small businesses, representing 99.9 percent of all businesses in the state and employing 7 million people. With an increasing state population California is the nation’s top state for access to venture capital funding, and manufacturing, high-tech, and agriculture. n nGovernor Newsom’s support of labor unions, working families and economic development has made California a top place to open a business and a top place for workers. n nHere’s how California is supporting workers and businesses