Is California’s economy healthier than we think?

A dearth of economic data, thanks to last year’s federal government shutdown, makes reading the tea leaves of the business climate even trickier than usual.

California’s situation seemed wobbly throughout most of autumn, with numerous high-profile layoff and business closing announcements, shrinking pay raises, and challenges with bill payments. Did I mention a frozen housing market due to unfathomable unaffordability and stubborn inflation?

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