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California’s Economy Remains Strong

August 7, 2017 By Geoffrey Disch Leave a Comment

Market News

California is the sixth largest economy in the world with a 2016 gross domestic product of $2.60 trillion, trailing Great Britain ($2.62 trillion) only slightly for the fifth spot.

California’s gross state product growth was 2.9 percent last year which is nearly double the national average.

The Bay Area had greater job growth between May 2016 and May 2017 than both the state and the country as a whole.

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Filed Under: U.S. Economy Tagged With: California economy

California’s Economy Strong

December 22, 2016 By Geoffrey Disch Leave a Comment

Market News

As we reported several weeks ago, the “U.S. job market remains strong and a new report by the California Employment Development Department reveals just how robust this state continues to be.

Currently the Bay Area has an unemployment rate of 3.7 percent while Santa Clara, San Mateo, and San Francisco rank among the top five counties with the highest average weekly wages.

California’s gross domestic product grew at a 2.2 percent annual rate in the second quarter of 2016, which exceeds that nationwide rate by a full percentage point.

In addition, California contributes 14 percent to the nation’s economy, far exceeding any other state. Finally, California accounted for about 27 percent of the U.S. GDP growth over the last year.

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Filed Under: U.S. Economy Tagged With: California economy, California job market

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Our clients say...

“In my 30 years of doing business with escrow and title companies, my experience with Green Escrow is among the best and is at the highest level. Anytime I have the opportunity to suggest a service provider for title and escrow, I passionately recommend Green Escrow… they are responsive, intelligent and great professionals to have representing my clients and me. Thank you!”
by Glenna Nickerson, Sierra Pacific Mortgage

2010 Crow Canyon Place
Suite 212
San Ramon, CA 94583
Office: (925) 523-3232
Fax: (925) 523-3231

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