United States Congress Joint Economic Committee

California

October 2019

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
California Unemployment (U-3) 4.1% 4.1% 4.1%
U.S. Official Rate (U-3) 3.5% 3.7% 3.7%
U.S. "Real" Rate (U-6) 6.9% 7.2% 7.5%
California Labor Force Participation Rate 62.0% 62.0% 62.5%
U.S. Labor Force Participation Rate 63.2% 63.2% 62.7%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.7% 1.7% 2.3%
"Core" CPI Inflation 2.4% 2.4% 2.2%
National Gas/gal. Updated 10/16/19 12:00 AM $2.66 $2.56 $2.88
California Gas/gal. $4.17 $3.63 $3.82
West Region: Loaf of Bread $1.66 $1.58 $1.48
West Region: Milk/gal. $3.08 $3.07 $2.93
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2019 (3rd Estimate)
2.0%
CA Real GDP
Q2/2018
3.7%
S&P 500 (YTD)
19.50% Updated 10/16/19 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
CA Hourly Rate
$11.00
Last Generated: 10/16/19 5:14 AM