Chronology of Significant Economic Events

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YearSearchYearMonthSearchMonth DayDateMonthDayDataEvent
2022?2022January?20220101January 01January 1, 202220220101California statewide minimum wage increases from $14.00 to $15.00 per hour for employers with 26 or more employees and from $13.00 to $14.00 per hour for employers with 25 for fewer employees. This marks the final year of the phase in of $15 minimum wage under SB 3(Leno, Chapter 4, Statutes of 2016) for employers with 26 or more employees. Next year the minimum wage for these employers will move to annual indexing, (where the minimum wage will increase by the rate of increase in inflation rate over 7 percent based on Consumer Price Index for urban wage earners and clerical workers (CPI-W). However, the highest allowed raise in wage is capped at 3.5 percent and wages cannot be lowered, even if there is a negative inflation.The hourly minimum wage increases in the following California cities:

1. Belmont, from $15.90 to annual indexing
2. Cupertino, from $15.65 to annual indexing
3. El Cerrito, from $15.61 to annual indexing
4. Hayward, from $15.00 to annual indexing
5. Los Altos, from $15.65 to annual indexing
6. Mountain View, from $16.30 to annual indexing
7. Novato, from $15.24 to annual indexing
8. Oakland, from $14.36 to annual indexing
9. Palo Alto, from $15.65 to annual indexing
10. Petaluma, from $15.20 to annual indexing
11. Redwood City, from $15.62 to annual indexing
12. Richmond, from $15.21 to annual indexing
13. San Diego, from $14.00 to $15.00
14. San Jose, from $15.45 to annual indexing
15. San Mateo, from $15.62 to annual indexing
16. Santa Clara, from $15.65 to annual indexing
17. Sonoma, from $15.00 to $16.00
18. Sunnyvale, from $16.30 to annual indexing
2022?2022January?20220103January 03January 3, 202220220103On the first trading day of 2022, Apple becomes the first U.S. company to reach an intra-day high market value of $3 trillion, but ultimately closed the day below $3 trillion.
2022?2022January?20220103January 03January 3, 202220220103The S&P 500 added 30 points, or 0.6 percent on the first day of trading for 2022, closing at a new record high of 4,797.
2022?2022January?20220103January 03January 3, 202220220103The Food and Drug Administration (FDA) approves the use of Pfizer–BioNTech’s COVID-19 vaccine as a booster dose for 12- to 15-year-olds and amends the emergency use authorization for the Pfizer vaccine for COVID-19 that shortened the time between the completion of primary vaccination of the Pfizer vaccine and a booster dose to at least five months, instead of six.
2022?2022January?20220104January 04January 4, 202220220104The California Department of Water Resources (DWR) resumes operations at Edward Hyatt hydroelectric power plant on Lake Oroville. On August 5, 2021, DWR took the plant offline for the first time in its history due to low water levels caused by drought conditions.
2022?2022January?20220104January 04January 4, 202220220104The Dow Jones Industrial Average ended the day at a new record-high of 36,800, up 215 or 0.6 percent from the previous record of 36,585 from a day before, scoring back-to-back record closes in the first two trading days of 2022.
2022?2022January?20220104January 04January 4, 202220220104California Health and Human Services Agency (CHHS) reported a record number of daily COVID-19 cases in California, with more than 156,000 new infections reported. In comparison the highest number of COVID-19 cases was under 60,000 in 2020 (December 29, 2020) and under 90,000 in 2021(December 28, 2021).
2022?2022January?20220105January 05January 5, 202220220105California health officials extend the state’s indoor mask mandate through February 15 amid rising COVID-19 cases. The mandate was previously set to be reevaluated on January 15.
2022?2022January?20220106January 06January 6, 202220220106United States Department of Agriculture announced that the government of India has agreed to allow imports of U.S. pork and pork products into India, removing a longstanding barrier to U.S. agricultural trade.
2022?2022January?20220106January 06January 6, 202220220106California’s first confirmed case of “Flurona” occurs in Los Angeles. Flurona refers to the situation where a person is diagnosed with both COVID-19 and influenza at the same time.
2022?2022January?20220107January 07January 7, 202220220107The number of COVID-19 cases worldwide has crossed the 300 million mark, according to Johns Hopkins University.
2022?2022January?20220107January 07January 7, 202220220107The U.S. official unemployment rate declined to 3.9 percent in December, down 0.3 percentage points from 4.2 percent in November, bringing the 2021 annual average to 5.4 percent, down 2.7 percentage points from 2020 annual average of 8.1 percent. The U.S. added 199,000 nonfarm jobs in December, following a gain of 249,000 jobs in November, the lowest monthly job gain in 2021. The average number of jobs in 2021 was 146.1 million, 2.7 percent above the 2020 level of 142.3 million. The U.S. has recovered 18.8 million (84 percent) of the 22.4 million job lost in March and April.
2022?2022January?20220108January 08January 8, 202220220108CHHS reported a record 7-day average of number of new daily COVID-19 cases in California, reaching close to 123,000.
2022?2022January?20220110January 10January 10, 202220220110The U.S. Center for Disease Control and Prevention (CDC) reports a record number of new daily COVID-19 cases of about 1.3 million in the U.S., as the highly infectious omicron variant continues to spread throughout the country and beyond.
2022?2022January?20220110January 10January 10, 202220220110The U.S. Interior Department announces plans to block oil and gas leasing on about 11 million acres on Alaska’s North Slope.
2022?2022January?20220112January 12January 12, 202220220112California exports of goods was up 4.6 percent year-over-year in November 2021 to $14.9 billion, up 6.2 percent year-to-date for 2021. California imports of goods rose 13.4 percent year-over-year to $42 billion, up 15.4 percent year-to-date for 2021.
2022?2022January?20220112January 12January 12, 202220220112U.S. headline inflation reached its highest level in almost 40 years, accelerating 7 percent on a year-over-year basis in December 2021, the fastest rate since June 1982. Inflation also accelerated in Los Angeles and San Francisco in December, to 6.6 percent and 4.2 percent, respectively. The annual headline inflation was 4.7 percent for the U.S. and 4.2 percent for California in 2021, up from the annual headline inflation of 1.2 percent and 1.7 percent, respectively, in 2020.
2022?2022January?20220114January 14January 14, 202220220114U.S. retail sales in December were down 1.9 percent from November, but up16.9 percent from December 2020. Non-store retail sales in December were down 8.7 percent from November 2021, but up 10.7 percent from December 2020.
2022?2022January?20220115January 15January 15, 202220220115CDC reports that the seven-day average of daily reported COVID-19 cases in the U.S. reached a pandemic record of close to 786,000.
2022?2022January?20220118January 18January 18, 202220220118California median home sales price for existing single-family homes was $796,570 in December 2021, up 1.8 percent from November 2021 and up 11.0 percent from December 2020. For a fourth consecutive year, the statewide median price of existing single-family homes set a new annual record-high at $786,750 in 2021, up 19.3 percent from 2020 and up 32.8 percent from 2019. Existing single-family home sales volume totaled 429,860 in December 2021, on a seasonally adjusted annualized rate (SAAR), down 5.4 percent from November 2021 and down 15.7 percent from December 2020.
2022?2022January?20220119January 19January 19, 202220220119The Nasdaq Composite, dipped 1.1 percent in a day and closed at 14,340, down 10.7 percent from its latest record high of 15,994 on November 19, 2021. Following this decline, the Nasdaq enters a correction territory (10 percent or more below the recent record high) for the first time since March 8, 2021.
2022?2022January?20220126January 26January 26, 202220220126California permitted 104,000 housing units (SAAR) in December 2021, 11.7 percent below the 118,000 units permitted in November 2021 and 15.1 percent below the 123,000 units permitted in December 2020. This brings the annual average for 2021 to 120,000 units, 14 percent higher than the 105,000 units in 2020 and the highest annual average since 2006.
2022?2022January?20220127January 27January 27, 202220220127The U.S. real GDP grew by 6.9 percent seasonally adjusted annualized rate (SAAR) in the fourth quarter of 2021, up from the 2.3 percent (SAAR) in the third quarter, and bringing the 2021 annual growth to 5.7 percent after contracting by 3.4 percent in 2020.
2022?2022January?20220128January 28January 28, 202220220128According to the U.S. Labor Department, the U.S. employment-cost index (a quarterly measure of wages and benefits paid by employers) shows employers spent 4 percent more on wages and benefits in 2021, on a non-seasonally adjusted basis, as workers received larger pay raises in a tight labor market, marking an increase not seen since 2001.
2022?2022January?20220131January 31January 31, 202220220131The S&P 500 closes at 4,516, down 5.3 percent from December 2021, recording the largest month-over-month decline since March 2020. The Dow Jones closes at 35,132, down 3.3 percent from December 2021 and the NASDAQ closed at 14,240, down 9 percent from December 2021. Although all three major indices closed down month-over-month in January 2022, all indices were up compared to January 2021 (S&P 500 up 21.6 percent, Dow Jones up 17.2 percent and Nasdaq up 8.9 percent year-over-year).
2022?2022January?20220131January 31January 31, 202220220131To date, 730 acres have burned in California in 2022 from 138 fire incidents, resulting in 1 structures damaged or destroyed and no confirmed fatalities.
2022?2022January?20220131January 31January 31, 202220220131The U.S. Drought Monitor reports that 66.39 percent of California is in severe drought, down from 86.28 percent at end of December 2021, with a hundred percent of the state under at least abnormally dry condition. In contrast, 75.74 percent of the state was in severe drought with a hundred percent under at least abnormally dry condition in January 2021.
2022?2022January?20220131January 31January 31, 202220220131To date, California has recorded just over 8.5 million COVID-19 cases, or 11.3 percent of the nation’s close to 72 million cases. California has recorded over 84,000 deaths from COVID-19, or 10 percent of the nation’s more over 841,000 deaths. The seven-day average of cases for California at the end of January was over 38,000 cases, or 9 percent of the nation’s over 427,000 cases. The seven-day average of death from COVID-19 for California at the end of January was over 263, or 10.6 percent of the nation’s close to 2,500 deaths.
2022?2022January?20220131January 31January 31, 202220220131To date, more than 548 million COVID-19 vaccine doses have been administered in the U.S., with about 64.4 percent of the population fully vaccinated and 75.7 percent having received at last one dose. To date, California has administered 69.4 million COVID-19 vaccines, with about 68.1 percent of the population fully vaccinated and 77.6 percent having received at least one dose.
2022?2022February?20220201February 01February 1, 202220220201Job openings totaled nearly 11 million in December, more than 4.6 million above the total unemployment level, according to the U.S Department of Labor. There were 4.6 million more job openings than unemployed workers in December, and the “quits” level, which had soared to record highs in recent months, slowed to 4.34 million signaling a slowdown in a trend known as the Great Resignation.
2022?2022February?20220204February 04February 4, 202220220204The United States surpasses 900,000 deaths from COVID-19.
2022?2022February?20220204February 04February 4, 202220220204The number of long-term unemployed in January fell by 317,000 from December. There were 1.7 million Americans out of work for at least six months in January, accounting for 25.9 percent of all unemployed workers in for the month, down from 31.7 percent a month earlier.
2022?2022February?20220208February 08February 8, 202220220208Consumers ended 2021 with record levels of debt, which stood at $15.6 trillion, according to data released by Federal Reserve’s New York district. A large chunk of the debt-load increase came from mortgages, which saw balances rise by $890 billion in the year.
2022?2022February?20220208February 08February 8, 202220220208California merchandise exports rose by 12.3 percent in 2021, the largest annual increase since 2010 (a 19.3 percent from 2009), and up 0.8 percent from the pre-pandemic 2019 level. California merchandise imports also rose 18.0 percent in 2021 after declining by 7.4 and 2.9 percent in 2019 and 2020 respectively. California merchandise imports are now 15.5 higher than the pre-pandemic 2019 level.
2022?2022February?20220209February 09February 9, 202220220209Johnson & Johnson officially suspends production of its COVID-19 vaccine. It says production will likely resume later, and that millions of doses remain stocked for distribution per earlier agreements.
2022?2022February?20220209February 09February 9, 202220220209Governor Gavin Newson Signs a bill (Senate Bill 114), that extends COVID-19 supplemental paid sick leave through September 30, 2022. The governor also signed Senate Bill 113 that will provides tax credits, grants and other relief for small businesses, aimed at promoting Innovation and Entrepreneurship in California.
2022?2022February?20220210February 10February 10, 202220220210The Nasdaq falls back into correction territory, trading ten or more percent below the all-time high, only a day after it was out of the correction territory for the first time since January 19, 2022.
2022?2022February?20220210February 10February 10, 202220220210Governor Gavin Newson signs Senate Bill 115, early budget action that includes a $1.9 Billion COVID-19 package to bolster state’s ongoing emergency response.
2022?2022February?20220210February 10February 10, 202220220210The consumer price index for all items rose 0.6 percent in January, driving up annual inflation by 7.5 percent, marking the biggest gain since February 1982. Core inflation rose 6 percent, which also was slightly above expectations.
2022?2022February?20220215February 15February 15, 202220220215Governor Gavin Newsome nominates the fourth District Court of Appeal Justice Patricia Guerrero to the California Supreme court, the first Latina to be nominated for the state’s Supreme Court.
2022?2022February?20220215February 15February 15, 202220220215The State Duma of Russia passes a bill to officially recognize the self-proclaimed Donetsk People's Republic and Luhansk People's Republic in Eastern Ukraine as independent states.
2022?2022February?20220216February 16February 16, 202220220216The mask mandate for fully vaccinated Californians ends, after being extended through February 15, 2022 on January 5, 2022. State guidelines indicate masks are still required for certain indoor settings, regardless of vaccination status.
2022?2022February?20220216February 16February 16, 202220220216U.S. retail sales in January were up 3.8 percent from December, and up13.0 percent from January 2021. Non-store retail sales in December were up 14.5 percent from December 2021, and up 8.4 percent from January 2021.
2022?2022February?20220216February 16February 16, 202220220216According to the U.S. Department of Labor, import prices increased 2.0 percent in January 2022, the largest rise since April 2011, after declining 0.4 percent in December 2021.
2022?2022February?20220217February 17February 17, 202220220217California statewide median home price increased to $765,580 in January 2022, down 3.9 percent from December 2021, but up 9.4 percent from January 2021. The median price is down 7.5 percent from the record-high $827,940 set in August 2021. Single-family home sales volume were 444,540 on a seasonally adjusted annualized rate (SAAR), up 3.4 percent from December 2021, but down 8.3 percent from January 2021.
2022?2022February?20220217February 17February 17, 202220220217Disneyland and Disney California Adventure will no longer require vaccinated visitors to wear masks indoors starting on February 17, 2022.
2022?2022February?20220218February 18February 18, 202220220218Sales of previously owned homes in the U.S. rose 6.7 percent in January 2022 from December 2021, to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. The supply of homes for sale fell to a record low 860,000 in January 2022, down 16.5 percent from a year ago. The median price of a home sold in January 2022 increased to $350,300, up 15.4percent from January 2021.
2022?2022February?20220218February 18February 18, 202220220218The Federal Reserve approves a rule banning its officials from trading stocks, bonds and also cryptocurrencies.
2022?2022February?20220218February 18February 18, 202220220218U.S. inflation rate as gauged by the core (excluding food and energy) personal consumption expenditure (PCE) measure rose 5.2 percent in January from a year ago, the biggest increase since April 1983.
2022?2022February?20220218February 18February 18, 202220220218U.S. GDP increased at an annualized rate of 7percent in the fourth quarter of 2021, closing out the year with the strongest growth since 1984.
2022?2022February?20220222February 22February 22, 202220220222Following the continued tension in the Russia-Ukraine crisis, stocks continue to trade below and the S&P 500 falls into the correction territory, the first time since June 26, 2020.
2022?2022February?20220222February 22February 22, 202220220222The White House officially calls the Russian advance into the Ukraine territory an Invasion.
2022?2022February?20220222February 22February 22, 202220220222The Los Angeles school district lifted its indoor mask mandate to students and staff.
2022?2022February?20220224February 24February 24, 202220220224California permitted 107,000 housing units (SAAR) in January 2022, up 2.3 percent from December 2021, but down 14.5 percent from January 2021.
2022?2022February?20220225February 25February 25, 202220220225Californian becomes the first state to surpass one million in Zero-Emission Vehicles sales.
2022?2022February?20220225February 25February 25, 202220220225President Joe Biden nominated Judge Ketanji Brown Jackson to be a Supreme Court justice, the first Black woman to be nominated for a Supreme Court justice.
2022?2022February?20220228February 28February 28, 202220220228Governor Gavin Newsom signs an executive order that updates the Division of Occupational Safety and Health’s (Cal/OSHA) current COVID-19 Emergency Temporary Standard (ETS) and the extend current ETS through May 5, 2022.
2022?2022February?20220228February 28February 28, 202220220228To date, 5,723 acres have burned in California in 2022 from 193 fire incidents, resulting in 1 structure damaged or destroyed and no confirmed fatalities.
2022?2022February?20220228February 28February 28, 202220220228The S&P 500 closes at 4,374, down 3.1 percent from January 2022, but up 14.8 percent from February 2021; recording the slowest year-over-year growth since October 2020. The Dow Jones closes at 33,893, down 3.5 percent from January 2022 and the Nasdaq closed at 13,751, down 3.4 percent from January 2022. Year-over-year, the Dow Jones was up 9.6 percent and Nasdaq was up 4.2 percent.
2022?2022February?20220228February 28February 28, 202220220228The U.S. Drought Monitor reports that 68.77 percent of California is in severe drought, down from 66.39 percent at end of January 2022, with a hundred percent of the state under at least abnormally dry condition. In contrast, 56.98 percent of the state was in severe drought with 99.30 percent under at least abnormally dry condition in February 2021.
2022?2022February?20220228February 28February 28, 202220220228To date, California has recorded close to 8.4 million COVID-19 cases, or 11 percent of the nation’s close to 77 million cases. California has recorded close to 89,000 deaths from COVID-19, or 9.6 percent of the nation’s over 928,000 deaths. The seven-day average of cases for California at the end of February was just under 4,700 cases, or 7.4 percent of the nation’s over 63,000 cases. The seven-day average of death from COVID-19 for California at the end of February was 93, or 5 percent of the nation’s over 1,800 deaths.
2022?2022February?20220228February 28February 28, 202220220228To date, more than 559 million COVID-19 vaccine doses have been administered in the U.S., with about 65.7 percent of the population fully vaccinated and 76.9 percent having received at last one dose. To date, California has administered over 72 million COVID-19 vaccines, with around 69.8 percent of the population fully vaccinated and 77.6 percent having received at least one dose.
2022?2022March?20220301March 01March 1, 202220220301The requirement for unvaccinated persons to mask in indoor public settings and businesses is replaced by a strong recommendation that all persons, regardless of vaccine status, mask in indoor public settings and businesses.
2022?2022March?20220304March 04March 4, 202220220304The U.S. official unemployment rate fell 0.2 percentage point to a new pandemic low of 3.8 percent in February 2022. Total U.S. nonfarm jobs rose by 678,000 in February 2022, with the largest gains in the food and accommodations subsector accounting for nearly one-fourth of the jobs added (+131,000). The U.S. has now recovered nine out of ten of the jobs lost (90.4 percent of 22 million jobs) in March and April 2020 as of February 2022, but still remained 2.1 million jobs below its February 2020 pre-pandemic level.
2022?2022March?20220306March 06March 6, 202220220306U.S. crude oil (West Texas Intermediate crude futures) spikes to an intraday high of $130.50, its highest since July 2008, before retreating and closing at $119.40, the highest close since September 2008.
2022?2022March?20220307March 07March 7, 202220220307According to data from Johns Hopkins University’s Center for Systems Science and Engineering, the number of known COVID-19 deaths around the world surpassed 6 million.
2022?2022March?20220309March 09March 9, 202220220309The value of California merchandise exports rose by 4.5 percent year-over-year in January 2022, after increasing by 2.6 percent in December 2021. The value of California merchandise imports rose 21.1 percent year-over-year in January 2022, following 16.3 percent increase in December 2021.
2022?2022March?20220310March 10March 10, 202220220310U.S. headline inflation accelerated to a 40-year high of 7.9 percent on a year-over-year basis in February 2022 (the highest level since January 1982), following 7.5 percent in January 2022. Los Angeles headline inflation decelerated slightly to 7.4 percent in February from 7.5 percent in January, which was the highest rate since June 1982. San Francisco headline inflation accelerated to 5.2 percent in February, its highest rate since June 2001.
2022?2022March?20220311March 11March 11, 202220220311California’s official unemployment rate was unchanged, for a third month in a row, at 5.8 percent in January 2022. California added 53,600 nonfarm jobs in January 2022 after adding 50,700 jobs in December 2021. As of January 2022, California has recovered 97.2 percent of the 2.7 million jobs lost in March and April 2020.
2022?2022March?20220312March 12March 12, 202220220312California, along with Oregon and Washington, officially ends mask mandate for schools.
2022?2022March?20220315March 15March 15, 202220220315President Joe Biden signed into law the Consolidated Appropriations Act of 2022, a $1.5 trillion spending bill that funds the federal government through the rest of the fiscal year.
2022?2022March?20220315March 15March 15, 202220220315More than 500 workers from United Steel workers union have gone on strike at a Chevron refinery in Richmond, California. The workers, roughly a third of workers at the refinery, are calling on Chevron to increase wages with rising inflation and health insurance costs.
2022?2022March?20220316March 16March 16, 202220220316U.S. retail sales in February 2022 were up 0.3 percent from January 2022 and up 17.6 percent from February 2021. Non-store retail sales in February 2022 were down 3.7 percent from January 2022 but up 13.8 percent from a year ago in February 2021.
2022?2022March?20220316March 16March 16, 202220220316California statewide median home price increased 0.7 percent month-over-month to $771,270 in February 2022, and up 10.3 percent than February 202. The median price is down 6.8 percent from the record-high $827,940 set in August 2021. The single-family home sales recorded its eighth year-over-year decline in February at 424,640, down 4.5 percent and 8.2 percent month-over-month and year-over-year respectively.
2022?2022March?20220316March 16March 16, 202220220316At the conclusion of its two-day monetary policy meeting, the Federal Open Market Committee (FOMC) raises the target range for the federal funds rate by 0.25 percentage point to a range of 0.25 percent to 0.5 percent. The move marks the end of FOMC's pandemic-era easy money policy and the first interest rate increase since 2018. The target range for the federal funds rate has been between 0 percent and 0.25 percent since March 2020.
2022?2022March?20220316March 16March 16, 202220220316The FOMC downgrades its projection for U.S. real GDP for 2022, revised down by 1.2 percentage points to 2.8 percent seasonally adjusted annualized rate (SAAR), and revises-up its inflation forecast (Personal Consumption Expenditure inflation) for the same period by 1.7 percentage points to 4.3 percent.
2022?2022March?20220323March 23March 23, 202220220323California permitted 136,000 housing units (SAAR) in February 2022, up 27.6 percent from the 107,000 units permitted in December 2022, and up 17.4 percent from the 116,000 units permitted in February 2021.
2022?2022March?20220323March 23March 23, 202220220323California personal income rose 7.2 percent on a year-over-year basis in the fourth quarter of 2021, following a 4.9 percent increase in the third quarter. The main drivers of growth in the fourth quarter of 2021 were: wage and salaries (contributed 6.3 percentage points), proprietors’ income (contributed 0.6 percentage point), and property income (contributed 0.6 percentage point).
2022?2022March?20220323March 23March 23, 202220220323California personal income increased by 8.5 percent in 2021, following an annual increase of 8.6 percent in 2020, with wages and salaries contributing 6.2 percentage points of the headline growth. In contrast, 2020 personal income growth was largely driven by transfer payments, which grew by record-high 47.3 percent, and contributed 7 percentage points of the 8.6 percent headline growth.
2022?2022March?20220324March 24March 24, 202220220324According to the U.S. Department of Labor, initial claims for state unemployment benefits fell 28,000 to a seasonally adjusted 187,000 for the week ended March 19, the lowest level in more than 52 years (since September 1969).
2022?2022March?20220325March 25March 25, 202220220325California’s official unemployment rate fell 0.3 percentage point to 5.4 percent in February 2022. California added 138,100 nonfarm jobs in February after adding 60,300 jobs in January. As of February 2022, California has recovered 87.2 percent of the 2.7 million jobs lost in March and April 2020.
2022?2022March?20220328March 28March 28, 202220220328China announces a staged lockdown of the city of Shanghai in an effort to curb the spread of the country’s worst COVID-19 outbreak since 2020.
2022?2022March?20220328March 28March 28, 202220220328Santa Clara Valley Water District data shows that January, February and March were the driest first three months of a year in California history.
2022?2022March?20220329March 29March 29, 202220220329Following U.S. Food and Drug Administration’s (FDA) authorization of a second booster dose of either the Pfizer-BioNTech or the Moderna COVID-19 vaccine, the Centre for Disease Control and Prevention (CDC) updates its recommendations to allow immunocompromised individuals and people over the age of 50 who received an initial booster dose at least 4 months prior to be eligible for a second booster to increase their protection against severe disease from COVID-19.
2022?2022March?20220331March 31March 31, 202220220331The White House announces that it will release 1 million barrels per day of oil for the next six months, the largest ever release of oil from the Strategic Petroleum Reserve.
2022?2022March?20220331March 31March 31, 202220220331Acting California governor Eleni Kounalakis signed a legislation that extends eviction protections for Californians participating in rental assistance programs, making her the first woman in California’s 171-year history to sign a piece of legislation into law as Governor Gavin Newsom was on family vacation.
2022?2022March?20220331March 31March 31, 202220220331According to the U.S. Department of Commerce, Federal Reserve’s closely watched inflation measure, core personal consumption expenditures price index that excludes food and energy prices, increased 5.4 percent from the same period in 2021, its highest annual level since 1983.
2022?2022March?20220331March 31March 31, 202220220331The S&P 500 closes at 4,530, up 3.6 percent from February 2022, and up 14 percent from March 2021; recording the slowest year-over-year growth since October 2020. The Dow Jones closes at 34,678, up 2.3 percent from February 2022 and up 5.1 percent from March 2021, while Nasdaq closed at 14,221, up 3.4 percent from February 2022 and up 7.4 percent year-over-year from March 2021.
2022?2022March?20220331March 31March 31, 202220220331To date, 6,079 acres have burned in California in 2022 from 836 fire incidents, resulting in 1 structure damaged or destroyed but no confirmed fatalities.
2022?2022March?20220331March 31March 31, 202220220331The U.S. Drought Monitor reports that 93.65 percent of California is in severe drought, up from 68.77 percent at end of February 2022, with a hundred percent of the state under at least abnormally dry condition. In contrast, 64.02 percent of the state was in severe drought with 99.23 percent under at least abnormally dry condition at the end of March 2021.
2022?2022March?20220331March 31March 31, 202220220331To date, California has recorded 8.5 million COVID-19 cases, or 10.6 percent of the nation’s over 80 million cases. California has recorded 90,000 deaths from COVID-19, or 9 percent of the nation’s over 990,000 deaths. The seven-day average of cases for California at the end of March was 2,200 cases, or 8.7 percent of the nation’s close to 26,000 cases. The seven-day average of death from COVID-19 for California at the end of March was 24, or 4.1 percent of the nation’s 600 deaths.
2022?2022March?20220331March 31March 31, 202220220331To date, close to 566 million COVID-19 vaccine doses have been administered in the U.S., with about 65.9 percent of the population fully vaccinated and 76.9 percent having received at last one dose. To date, California has administered over 72.1 million COVID-19 vaccines, with around 69.6 percent of the population fully vaccinated and 76.4 percent having received at least one dose.
2022?2022April?20220401April 01April 1, 202220220401The official U.S. unemployment rate fell 0.2 percentage point to 3.6 percent in March 2022, and just 0.1 percentage point higher than the February 2020 pre-pandemic low of 3.5 percent. The U.S. added 431,000 total nonfarm jobs in March 2022 following a gain of 504,000 in January (revised) 2022 and 750,000 (revised) in February 2022. As of March 2022, the U.S. has recovered more than nine out of ten of the jobs lost (92.8 percent of 22 million) in March and April 2020.
2022?2022April?20220405April 05April 5, 202220220405California exports of goods rose by 12 percent year-over-year to $14.6 billion in February 2022 after increasing by 4.5 percent year-over-year to $13.7 billion in January 2022. California imports of goods rose by 20.6 percent year-over-year to $39.7 billion in February 2022, recording twenty consecutive months of year-over-year increase.
2022?2022April?20220407April 07April 7, 202220220407The U.S. Senate confirmed Judge Ketanji Brown Jackson’s nomination to be a Supreme Court Justice, making her the first Black woman to be an associate justice of the U.S. Supreme Court.
2022?2022April?20220407April 07April 7, 202220220407Initial jobless claims dropped to 166,000 in the week ended April 2, 2022, their lowest level in more than 53 years (since November 1968), according to data from the U.S. Labor Department, in an indication that the labor market has tightened further.
2022?2022April?20220408April 08April 8, 202220220408The United Nations Food and Agriculture Organization's (FAO) food price index increased nearly 13 percent in March to a new record high of 159.3 points, as the war in Ukraine caused turmoil in markets for staple grains and edible oils. FAO, which tracks globally traded food commodities, also revise up its index for February to 141.4 points from 140.7 points, which was a record at the time.
2022?2022April?20220408April 08April 8, 202220220408President Joe Biden signs two bills into law, the ‘Suspending Normal Trade Relations with Russia and Belarus Act’ and the ‘Ending Importation of Russian Oil Act’, which the U.S. Congress approved on April 7, 2022.
2022?2022April?20220412April 12April 12, 202220220412U.S. headline inflation accelerated from 7.9 percent (year over year) in February 2022 to 8.5 percent in March 2022, its fastest rate since December 1981. Los Angeles inflation accelerated from 7.4 percent in February to 8.5 percent in March, Riverside inflation accelerated from 8.6 percent in January 2022 to 10 percent in March 2022, while San Diego inflation decelerated from 8.2 percent in January 2022 to 7.9 percent in March.
2022?2022April?20220414April 14April 14, 202220220414U.S. retail sales in March 2022 were up 0.5 percent from February 2022 and up 6.9 percent from March 2021. Non-store retail sales in March 2022 were down 6.4 percent from February 2022 but up 1.8 percent from a year ago in March 2021.
2022?2022April?20220420April 20April 20, 202220220420California statewide median home price increased to a new record high of $849,080 in March 2022, up 10.1 percent month-over-month from February 2022, and up 11.9 percent from March 2021. The single-family home sales volume were 426,970 on a seasonally adjusted annualized rate (SAAR), up 0.5 percent from February 2022, but down 4.4 percent from March 2021, recording the ninth successive year-over-year decline starting in July 2021.
2022?2022April?20220421April 21April 21, 202220220421The seasonally adjusted number continuing unemployment insurance claims during the week ending April 9 was 1,417,000, a decrease of 58,000 from the previous week's unrevised level of 1,475,000. This is the lowest level for insured unemployment since February 21, 1970 when it was 1,412,000. The 4-week moving average was 1,481,750, a decrease of 31,250 from the previous week's revised average. This is the lowest level for this average since March 21, 1970 when it was 1,456,750.
2022?2022April?20220422April 22April 22, 202220220422California’s unemployment rate fell 0.4 percentage points to 4.9 percent in March 2022, 1.3 percentage points higher than the U.S. unemployment rate of 3.6 percent and 0.8 percentage points higher than the pre-pandemic rate of 4.1 percent in February 2020. California added 60,200 total nonfarm jobs in March 2022, accounting for about 14 percent of the nation’s gain of 431,000 jobs for the same month.
2022?2022April?20220425April 25April 25, 202220220425Twitter, Inc., an American communications company based in San Francisco that operates the microblogging and social networking service Twitter, announces that it has accepted a $44 billion offer to sell the company to Elon Reeve Musk, the founder and CEO of SpaceX and Tesla.
2022?2022April?20220426April 26April 26, 202220220426California permitted 125,000 housing units on a seasonally-adjusted annualized rate (SAAR) in March 2022, down 7.8 percent from the 136,000 units permitted in February 2022, and down 5.6 from the 133,000 units permitted in March 2021.
2022?2022April?20220428April 28April 28, 202220220428U.S. GDP contracted by 1.4 percent in the first quarter of 2022, for the first time since the 31.2 percent (revised) contraction in the second quarter of 2020. This follows 6.9 percent growth in the fourth quarter of 2021, the strongest annualized growth in nearly 40 years.
2022?2022April?20220428April 28April 28, 202220220428Citing a fall in online shopping, higher costs from inflation and supply chain woes, the tech giant Amazon posted its first quarterly loss in seven years.
2022?2022April?20220428April 28April 28, 202220220428According to airport officials, Los Angeles International Airport saw more than 1 million international passengers in March 2022, up over 200 percent from March 2021, and hitting the million mark for the first time since the beginning of the pandemic in 2020.
2022?2022April?20220429April 29April 29, 202220220429The S&P 500 closed at 4,131.9, down 9 percent from the March 2022 close and 14 percent from its 52-week high and recording the slowest year-over-year growth since March 2020. The Dow Jones closed at 32,977.2, down 5 percent from the previous month and down 10 percent from its 52-week high, while Nasdaq closed at 12,334.6, down 13 percent from March 2022 and 23 percent from the 52 week high.
2022?2022April?20220430April 30April 30, 202220220430To date, 6,507 acres have burned in California in 2022 from 1,402 fire incidents, resulting in 1 structures damaged or destroyed but no confirmed fatalities.
2022?2022April?20220430April 30April 30, 202220220430The U.S. Drought Monitor reports that 95.18 percent of California is in severe drought, up from 93.65 percent at end of March 2022, with 100 percent of the state under at least abnormally dry conditions. In contrast, 87.95 percent of the state was in severe drought with 100 percent under at least abnormally dry conditions at the end of April 2021.
2022?2022April?20220430April 30April 30, 202220220430To date, California has recorded just over 8.6 million COVID-19 cases, or 10.6 percent of the nation’s over to 81 million cases. California has recorded around 90,000 deaths from COVID-19, or 9 percent of the nation’s over 990,000 deaths. The seven-day average of cases for California at the end of April was 2,989 cases, or 5.6 percent of the nation’s 53,336 cases. The seven-day average of death from COVID-19 for California at the end of April was 1, or 0.5 percent of the nation’s 302 deaths.
2022?2022April?20220430April 30April 30, 202220220430To date, close to 575 million COVID-19 vaccine doses have been administered in the U.S., with about 66 percent of the population fully vaccinated and 77.4 percent having received at last one dose. To date, California has administered over 75 million COVID-19 vaccines, with around 70.1 percent of the population fully vaccinated and 77.9 percent having received at least one dose.
2021?2021January?20210101January 01January 1, 202120210101California statewide minimum wage increases from $13.00 to $14.00 per hour for employers with 26 or more employees and from $12.00 to $13.00 per hour for employers with 25 employees or less. The hourly minimum wage increases in the following California cities:

1. Belmont, from $15.00 to $15.90
2. Cupertino, from $15.35 to $15.65
3. El Cerrito, from $15.37 to $15.61
4. Hayward, from $13.00 to $15.00
5. Los Altos, from $15.40 to $15.65
6. Mountain View, from $16.05 to $16.30
7. Novato, from $15.00 to $15.24
8. Oakland, from $14.14 to $14.36
9. Palo Alto, from $15.40 to $15.65
10. Petaluma, from $15.00 to $15.20
11. Redwood City, from $15.38 to $15.62
12. Richmond, from $15.00 to $15.21
13. San Diego, from $13.00 to $14.00
14. San Jose, from $15.25 to $15.45
15. San Mateo, from $15.38 to $15.62
16. Santa Clara, from $15.40 to $15.65
17. Sonoma, from $13.50 to $15.00
18. Sunnyvale, from $16.05 to $16.30
2021?2021January?20210101January 01January 1, 202120210101Legislation expanding California Family Rights Act (CFRA) takes effect. SB 1383 enlarges CFRA to cover employers with five or more employees, down from the previous threshold of 50 or more, and extends leave rights to employees who care for grandparents, grandchildren, siblings, adult children, and other family members with serious medical conditions.
2021?2021January?20210105January 05January 5, 202120210105The L.A. County Board of Supervisors votes to extend the county’s eviction moratorium by a month to February 28 and makes updates to the county’s rent relief program.
2021?2021January?20210106January 06January 6, 202120210106A riot and violent attack breaks out against the 117th United States Congress at the U.S. Capitol in a failed attempt to overturn President Trump’s defeat in the 2020 presidential election, leading to five deaths, including a Capitol Police officer, and dozens of injuries.
2021?2021January?20210106January 06January 6, 202120210106Democrats gain control of the U.S. Senate as Democrat Jon Ossoff defeats Republican David Perdue in the Georgia runoff leaving the Senate evenly divided. Once sworn-in as vice president, Kamala Harris will have the power to break ties.
2021?2021January?20210107January 07January 7, 202120210107California exports of goods declined by 3.6 percent year-over-year in November 2020 to $14.2 billion, down 11.2 percent year-to-date. California imports of goods rose by or 9.2 percent year-over-year to $37 billion, down 4.1 percent year-to-date.
2021?2021January?20210107January 07January 7, 202120210107U.S. Congress certifies Joe Biden as the next president of the United States.
2021?2021January?20210107January 07January 7, 202120210107The S&P 500 and Dow both close at a new record highs of 3,804 and 31,041, respectively. The Nasdaq closes above 13,000 for the first time ever, ending the day at 13,068.
2021?2021January?20210107January 07January 7, 202120210107Facebook indefinitely suspends President Trump’s account following the January 6 Capitol insurrection.
2021?2021January?20210108January 08January 8, 202120210108The U.S. official unemployment rate remained unchanged at 6.7 percent in December bringing the 2020 annual average to 8.1 percent. Total U.S. nonfarm jobs fell by 140,000 in December, the first decline since April 2020. The average number of jobs in 2020 was 142.3 million, 5.7 percent below the 2019 level and the lowest since 2015. The U.S. has recovered 12.3 million (55.6 percent) of the 22.2 million job lost in March and April.
2021?2021January?20210108January 08January 8, 202120210108Twitter permanently suspends President Trump’s account.
2021?2021January?20210108January 08January 8, 202120210108The S&P 500 and Dow close at new record highs of 3,825 and 31,098, respectively.
2021?2021January?20210111January 11January 11, 202120210111For the seventh consecutive day, the U.S. averages more than 3,000 COVID-19 deaths per day and reports more than 200,000 new COVID-19 infections. California averaged about 500 deaths and 42,000 new cases daily over the same seven days.
2021?2021January?20210112January 12January 12, 202120210112The U.S. Centers for Disease Control and Prevention states that international air travelers to the U.S. will have to show a negative COVID-19 test before boarding a flight. The new order takes effect on January 26.
2021?2021January?20210113January 13January 13, 202120210113U.S. headline inflation accelerated 1.4 percent on a year-over-year basis in December 2020, bringing annual 2020 headline inflation to 1.2 percent in the U.S, the slowest inflation since 2015 and a deceleration from 2019’s pace of 1.8 percent. December inflation also accelerated in Los Angeles to 1.5 percent, with an annual average of 1.6 percent for 2020.
2021?2021January?20210113January 13January 13, 202120210113The House votes 232-197 to impeach President Donald Trump for the second time in two years for inciting a mob of his supporters to storm the U.S. Capitol.
2021?2021January?20210114January 14January 14, 202120210114Seniors aged 65 and older become eligible to receive the COVID-19 vaccine in California.
2021?2021January?20210114January 14January 14, 202120210114The global average temperature in 2020 tied 2016’s average of 1.69 degree Fahrenheit as the hottest year on record and was about 1.84 degrees Fahrenheit warmer than the average from 1851 to 1980.
2021?2021January?20210115January 15January 15, 202120210115California median home sales price for single-family homes hit a record-high $717,930 in December, the fifth time that a new record was set in 2020. California median home sales price grew by 11.3 percent to an average of $659,380 in 2020, following an increase of 3.6 percent in 2019. Home sales volume averaged 411,870 units in 2020, up 3.5 percent compared to a decline of 1.5 percent in 2019.
2021?2021January?20210115January 15January 15, 202120210115Global death toll from the COVID-19 pandemic surpasses 2 million.
2021?2021January?20210115January 15January 15, 202120210115U.S. retail sales in December 2020 were down 0.3 percent from November 2020 and up 6.3 percent from December 2019. Non-store retail sales were down 5.8 percent from November 2020 and up 19.2 percent from a year ago.
2021?2021January?20210118January 18January 18, 202120210118Governor Gavin Newsom formally appoints Alex Padilla to represent California in the U.S. Senate and Assemblymember Shirley Weber to replace him in the role of California Secretary of State. Mr. Padilla becomes California’s first Latino U.S. Senator and Assemblymember Shirley Weber the state’s first African American Secretary of State.
2021?2021January?20210119January 19January 19, 202120210119The U.S. confirms over 400,000 cumulative COVID-19 deaths or 2.4 percent of the global 16.5 million deaths, with about 34,000 cumulative deaths in California.
2021?2021January?20210120January 20January 20, 202120210120Former vice president and senator, Joseph R. Biden Jr. becomes the 46th president of the United States, the oldest president to take office in U.S. history.
2021?2021January?20210120January 20January 20, 202120210120Kamala D. Harris, California’s former senator, becomes the highest-ranking female official in U.S. history as the first female vice president and the first of African American and first Asian American decent.
2021?2021January?20210120January 20January 20, 202120210120President Biden signs various executive orders on his first day in office, including actions that:

1. Suspend the U.S. withdrawal from the World Health Organization set to occur July 6, 2021.
2. Reinstate the nationwide moratorium on evictions and foreclosures from December 31, 2020 through March 31, 2021.
3. Extend the pause on student loan payments and interest from December 31, 2020 through September 30, 2021.
4. Start the 30-day process for the U.S. to rejoin the Paris climate accord, following its exit on November 4, 2020.
5. Reverse the Muslim travel ban put in place on January 27, 2017.
2021?2021January?20210120January 20January 20, 202120210120Former California Secretary of State, Alex Padilla is sworn in as California’s first Latino Senator.
2021?2021January?20210120January 20January 20, 202120210120The S&P 500 and Dow close at new record highs of 3,852 and 31,188, respectively.
2021?2021January?20210121January 21January 21, 202120210121President Biden signs executive orders to accelerate COVID-19-related manufacturing and delivery of supplies for vaccination, testing, and personal protective equipment, establishes pandemic related programs for testing capacity, data collection, and requires mask wearing in all public transportation.
2021?2021January?20210121January 21January 21, 202120210121The S&P 500 closes at a new record high of 3,853.
2021?2021January?20210122January 22January 22, 202120210122California’s official unemployment rate rose to 9.0 percent in December, its first increase since April 2020, placing the 2020 annual unemployment rate at 10.2 percent. California civilian employment decreased by 1.6 million or 8.6 percent to 17.0 million in 2020, its lowest level since 2013. Labor force decreased by around 450,000 or 2.3 percent to just under19 million in 2020, its lowest level since 2015. California nonfarm jobs decreased by 1.2 million or 7.0 percent in 2020.
2021?2021January?20210122January 22January 22, 202120210122Retired U.S. Army General, Lloyd J. Austin III, becomes the first African American to serve as U.S. Defense Secretary.
2021?2021January?20210123January 23January 23, 202120210123The U.S. records 25 million cumulative COVID-19 cases, this amounts to one in every 13 people in the country, or about 7.6 percent of the population. California makes up 12.8 percent or 3.2 million of the U.S. total.
2021?2021January?20210125January 25January 25, 202120210125California lifts its December 3rd stay-at-home order across the state, allowing restaurants and personal care services to reopen with modified operations.
2021?2021January?20210125January 25January 25, 202120210125The S&P 500 closes at a new record high of 3,855.
2021?2021January?20210126January 26January 26, 202120210126Global COVID-19 confirmed cases surpass 100 million, the U.S. makes up over a quarter (25.6 million) of total global cases, including 3.2 million or 3.2 percent from California.
2021?2021January?20210126January 26January 26, 202120210126Janet Yellen becomes the first woman to serve as the U.S. Secretary of Treasury.
2021?2021January?20210128January 28January 28, 202120210128U.S. real GDP growth slowed to 4.0 percent in the fourth quarter of 2020 (seasonally-adjusted annualized rate) bringing it to around the same level as in the third quarter of 2018. For the year 2020, U.S. real GDP is estimated to have declined by 3.5 percent, the largest decline since World War II.
2021?2021January?20210128January 28January 28, 202120210128General Motors (GM) announces it will no longer produce gasoline-powered cars, vans, and sport utility vehicles by 2035. These vehicles currently account for about 40 percent of the company’s U.S. models. GM also pledges to make its factories and other facilities carbon neutral by 2040.
2021?2021January?20210129January 29January 29, 202120210129Governor Gavin Newsom signs legislation to extend the California eviction moratorium from January 31 to June 30, 2021.
2021?2021January?20210129January 29January 29, 202120210129Governor Newsom swears in former Assemblymember Shirley Weber as California’s first African American Secretary of State making her the fifth African American to serve as a state constitutional officer.
2021?2021January?20210129January 29January 29, 202120210129The stock market faces major volatility and the sharpest weekly decline since October 2020, following a squeeze on short-selling positions on stocks such as GameStop and AMC by traders from a Reddit group.
2021?2021January?20210129January 29January 29, 202120210129The S&P 500 ended the month down 1.1 percent at 3,714 despite multiple records of daily close throughout the month, the Dow closed down 2.0 percent for the month at 29,983 and the Nasdaq finished the month up 1.4 percent at 13,071.
2021?2021January?20210129January 29January 29, 202120210129Johnson & Johnson’s single-shot COVID-19 vaccine is proven to be 66 percent effective in preventing moderate disease and up to 85 percent effective against severe disease. FDA will need to approve emergency authorization before being available in the United States.
2021?2021January?20210131January 31January 31, 202120210131Throughout January, the various nominated cabinet members to the Biden Administration have been sworn in, making it one of the most diverse in U.S. history.
2021?2021January?20210131January 31January 31, 202120210131The U.S. administered more than 34.6 million doses of COVID-19 vaccine in January, including 9.8 percent or 3.4 million in California. Roughly 27.7 million people have received at least one dose of the vaccine, and about 6.5 million people have been fully vaccinated in the nation.
2021?2021January?20210131January 31January 31, 202120210131As of the end of January, California has recorded 3.3 million cases of COVID-19 or 12.6 percent of U.S. cases which total 26.2 million. California deaths from COVID-19 total 41,000, 9.3 percent of U.S. deaths which total 440,000.
2021?2021January?20210131January 31January 31, 202120210131To date, 1,171 acres have burned from 297 fires across the state, a notable increase from January 2020, when 22 acres had burned from 97 fires.
2021?2021February?20210201February 01February 1, 202120210201President Biden signs a proclamation that reinstates a 10 percent tariff on aluminum imports from the United Arab Emirates, reversing an exemption by the Trump administration and citing need for domestic production of aluminum for national security and industry.
2021?2021February?20210202February 02February 2, 202120210202Amazon posts Q4 2020 earnings at nearly $126 billion, up 44.8 percent from just over $87 billion in Q4 2019 and Alphabet Google posts Q4 2020 earnings at $56.9 billion, up 23.7 percent from $46 billion in Q4 2019.
2021?2021February?20210202February 02February 2, 202120210202President Biden signs three executive orders that:

1. Rescinds Trump’s memo requiring immigrants to repay the government if they receive public benefits and increases executive branch involvement in promoting immigrant integration and inclusion and requires agencies to review immigration regulations and policies.
2. Rescinds previous administration policies and guidelines and in their place takes an approach that is in favor of addressing the economic and political causes of migration, working with organizations to provide protection to asylum seekers and ensures Central American asylum seekers have legal access to the United States.
3. Revokes Trump’s order justifying separating families at the border and creates a task force to recommend steps to reunite separated families.
2021?2021February?20210204February 04February 4, 202120210204The S&P 500 closes at a new record high of 3,872 points.
2021?2021February?20210204February 04February 4, 202120210204President Biden signs executive order expanding the United States Refugee Admissions Program, rescinding Trump policies limiting refugee admissions and increased vetting.
2021?2021February?20210205February 05February 5, 202120210205The S&P 500 closes at a new record high of 3,887 points.
2021?2021February?20210205February 05February 5, 202120210205California merchandise exports declined by 10.3 percent in 2020, the largest decline since the Great Recession (-17.1 percent in 2008), bringing it down to around 2010 levels. California merchandise imports declined by 3.0 percent in 2020 after declining by 7.4 percent in 2019, bringing it to its lowest level since 2013.
2021?2021February?20210205February 05February 5, 202120210205The official U.S. unemployment rate fell 0.4 percentage point to 6.3 percent in January 2021 from 6.7 percent in December 2020. Total U.S. nonfarm jobs rose by 49,000 in January 2021, following a decrease of 227,000 (revised down) in December 2020.
2021?2021February?20210208February 08February 8, 202120210208The S&P 500 closes at a new record high of 3,916 points.
2021?2021February?20210210February 10February 10, 202120210210CDC releases a new guideline stating fully vaccinated people don’t need to quarantine after exposure to COVID-19.
2021?2021February?20210210February 10February 10, 202120210210U.S. headline inflation grew at 1.4 percent on a year over year basis in January 2021, unchanged from December 2020.
2021?2021February?20210212February 12February 12, 202120210212The S&P 500 closes at a new record high of 3,935 points.
2021?2021February?20210213February 13February 13, 202120210213After a four-day trial, former president Donald J. Trump is acquitted by the Senate for the second time.
2021?2021February?20210214February 14February 14, 202120210214State of Emergency declared in Texas as winter storms leave over 3 million without power, and 12 million with disrupted water systems, resulting in food shortages across the state.
2021?2021February?20210214February 14February 14, 202120210214President Biden signs executive order that establishes a White House Office of Faith-Based and Neighborhood Partnerships to coordinate providing community services in partnership with federal, state and local governments and with other private organizations.
2021?2021February?20210215February 15February 15, 202120210215California statewide median home price declined slightly to $699,890 in January 2021, down 2.5 percent from the record-high $717,930 set in December 2020, but 21.7 percent higher than January 2020’s median home price.
2021?2021February?20210215February 15February 15, 202120210215Ngozi Okonjo-Iweala of Nigeria becomes the first woman and African to be chosen as Director-General of the World Trade Organization.
2021?2021February?20210217February 17February 17, 202120210217President Biden signs executive order reversing a Trump executive order expanding industry-led apprentice programs in favor of those supported by organized labor.
2021?2021February?20210217February 17February 17, 202120210217U.S. retail sales in January were up 5.1 percent from December 2020 and up 10.8 percent from January 2020. Non-store retail sales were up 11.0 percent from December 2020 and up 28.7 percent from a year ago.
2021?2021February?20210219February 19February 19, 202120210219The U.S. officially re-enters the Paris climate agreement.
2021?2021February?20210219February 19February 19, 202120210219FEMA issues a Major Disaster Declaration for Texas amid severe winter storms.
2021?2021February?20210222February 22February 22, 202120210222The U.S. reaches 500,000 COVID-19 deaths, including 49,338 in California.
2021?2021February?20210222February 22February 22, 202120210222The Biden Administration reforms the Paycheck Protection Program, creating an exclusive eligibility period from February 24 through March 9, 2021 to businesses with fewer than 20 employees among other changes to make the program more accessible including allowing loans to legal residents, those delinquent on loan payments, and those with prior non-fraud related felony convictions.
2021?2021February?20210223February 23February 23, 202120210223Governor Gavin Newsom signs into law the Golden State Stimulus, which provides relief for individuals, families, and businesses in California most impacted by the pandemic, including a direct payment of $600 for low-income Californians.
2021?2021February?20210224February 24February 24, 202120210224President Biden signs executive order to supplement a previous order promoting products made in America and to strengthen supply chains for critical goods and in particular: pharmaceuticals, rare earth minerals, semiconductor chips and large-capacity batteries.
2021?2021February?20210224February 24February 24, 202120210224California permitted 136,000 housing units (seasonally-adjusted annualized rate) in January 2021, up by 12.5 percent over January 2020, according to the Census Building Permits Survey.
2021?2021February?20210224February 24February 24, 202120210224California surpasses 50,000 COVID-19 deaths, accounting for nearly 10 percent of the U.S. total.
2021?2021February?20210225February 25February 25, 202120210225The World Health Organization reports six consecutive weeks of declining global COVID-19 cases.
2021?2021February?20210225February 25February 25, 202120210225Costco pledges to raise minimum wage to $16 an hour, up from $15 in 2019, for their 180,000 workers.
2021?2021February?20210225February 25February 25, 202120210225U.S. real GDP grew by 4.1 percent (seasonally adjusted annualized rate) in the fourth quarter of 2020 per Bureau of Economic Analysis’s second estimate, a marginal upward revision from the preliminary estimate of 4.0 percent.
2021?2021February?20210225February 25February 25, 202120210225The U.S. House of Representatives passes the Equality Act, prohibiting discrimination based on sexual orientation and gender identity.
2021?2021February?20210225February 25February 25, 202120210225The United States administers its 50 millionth and California administers its 8 millionth COVID-19 vaccine.
2021?2021February?20210226February 26February 26, 202120210226The S&P 500 closes the month at 3,811, up 2.6 percent from January month end. The Nasdaq closes at 13,192, up 0.9 percent, and Dow Jones closes 30,932, up 3.2 percent from month end in January.
2021?2021February?20210227February 27February 27, 202120210227Johnson & Johnson receives emergency approval from FDA for single dose COVID-19 vaccine.
2021?2021February?20210228February 28February 28, 202120210228To date, 75 million COVID-19 vaccine doses have been administered in the U.S. with a 1.7 million rolling daily average, up from a daily average of 1.3 million on February 1 with about 7 percent of the population having received two doses. To date, California has administered 8 million COVID-19 vaccines with a rolling daily average of 195,000 on February 28, up from 155,000 on February 1.
2021?2021February?20210228February 28February 28, 202120210228For the eighth time since 1877 when first recorded, there was no measurable rain in Downtown Los Angeles the entire month of February.
2021?2021February?20210228February 28February 28, 202120210228For the month of February, the United States Drought Monitor has reported that about 57 percent of California fell under severe drought conditions, up from around 0 percent a year ago.
2021?2021February?20210228February 28February 28, 202120210228To date, 1,900 acres have burned from 687 fires across the state.
2021?2021February?20210228February 28February 28, 202120210228As of the end of February, California has recorded 3.5 million cases of COVID-19 or 12.3 percent of U.S. cases which total 28.6 million. California deaths from COVID-19 total 58,200, 11.1 percent of U.S. deaths which total 525,800.
2021?2021March?20210301March 01March 1, 202120210301United Airlines states 3,139 workers at SFO and 662 at LAX are at risk of furlough when U.S. aid package for airline workers expires on April 1, citing rebound of air travel not at the paced it hoped. The company expects the furlough to last six months.
2021?2021March?20210302March 02March 2, 202120210302President Biden addresses the nation stating that there will be enough doses of vaccine for every adult in the U.S. by the end of May 2021.
2021?2021March?20210303March 03March 3, 202120210303U.S. 7-day average number of vaccine doses administered tops 2 million per day for the first time, exceeding the goal of 1.5 million doses a day set by President Biden shortly after taking office in January.
2021?2021March?20210303March 03March 3, 202120210303California has administered more than 10 million doses of COVID-19 vaccine, less than three months after the first shot was administered in the state.
2021?2021March?20210304March 04March 4, 202120210304California set aside 40 percent of vaccine doses for the hardest-hit quarter of the state as measured by the Healthy Places Index (doubling the allocation compared to the rest of the state) and established a vaccine equity metric with an initial goal of delivering a minimum of 2 million doses to those communities (to date, the state delivered 1.6 million doses to this quarter of the state).
2021?2021March?20210304March 04March 4, 202120210304Governor Gavin Newsom signs an executive order extending authorization for local governments to halt evictions for commercial renters impacted by COVID-19 through June 30, 2021.
2021?2021March?20210305March 05March 5, 202120210305California exports of goods declined by 2.5 percent year-over-year in January 2021 to $13.1 billion. California imports of goods rose by 4.0 percent year-over-year to $33.3 billion.
2021?2021March?20210305March 05March 5, 202120210305The U.S. official unemployment rate fell 0.1 percentage point to 6.2 percent in February 2021. Total U.S. nonfarm jobs rose by 379,000 in February, driven by job growth in the leisure and hospitality sector. The U.S. has recovered 57.6 percent of the 22.2 million jobs lost in March and April 2020.
2021?2021March?20210305March 05March 5, 202120210305Governor Gavin Newsom signs a $6.6 billion school reopening package, which provides $2 billion to fund safety measures to support in-person instruction and $4.6 billion for expanded learning opportunities such as summer school, tutoring, and mental health services.
2021?2021March?20210308March 08March 8, 202120210308Over 200,000 California teachers, school staff, and child care workers have been vaccinated since the state began dedicating 10 percent of vaccine supply for education workers on March 1, nearly triple the state’s goal of 75,000 vaccines per week.
2021?2021March?20210310March 10March 10, 202120210310The Dow Jones closes above 32,000 for the first time ever, ending the day at 32,297.
2021?2021March?20210310March 10March 10, 202120210310U.S. headline inflation grew at 1.7 percent on a year-over-year basis in February 2021, following two consecutive months at 1.4 percent. Los Angeles headline inflation increased to 1.0 percent on a year-over-year basis in February 2021, following 0.9 percent in January.
2021?2021March?20210311March 11March 11, 202120210311The S&P 500 and Dow Jones both close at new record highs of 3,939 and 32,486, respectively.
2021?2021March?20210311March 11March 11, 202120210311President Biden signs the American Rescue Plan Act, a $1.9 trillion rescue package to provide direct relief to Americans, safely reopen schools, and mount a national vaccination program to contain COVID-19. Key provisions include:

1. A third round of direct payments of up to $1,400 for individuals, $2,800 for joint filers, and $1,400 for each qualifying dependent (depending on income level).
2. Extension of emergency unemployment programs through September 6, 2021, including the enhanced unemployment benefit of $300 per week.
3. $350 billion in aid to state and local governments.
4. Expanded Child Tax Credit from $2,000 to $3,600 for children under age 6, and $3,000 for other children under age 18.
5. $22 billion in rental assistance for states, territories, and local governments to assist households unable to pay rent and utilities due to the COVID-19 crisis.
6. More than $50 billion to support small businesses, including $7 billion for the Paycheck Protection Program and $29 billion in relief for small and mid-sized restaurants.
7. $170 billion to support education, including $123 billion for the elementary and secondary school emergency relief fund.
2021?2021March?20210311March 11March 11, 202120210311President Biden directs states to make all adult Americans eligible for vaccine by May 1.
2021?2021March?20210312March 12March 12, 202120210312California reaches the goal set on March 4 to administer 2 million vaccine doses to the hardest-hit quarter of the state (as measured by the Healthy Places Index).
2021?2021March?20210312March 12March 12, 202120210312The S&P 500 and Dow Jones close at new record highs of 3,943 and 32,779, respectively.
2021?2021March?20210312March 12March 12, 202120210312TSA officers screened 1.4 million people at airports, the highest number of passengers on a single day since March 15, 2020, but still 20 percent lower than the number of passengers on the same day in 2020.
2021?2021March?20210312March 12March 12, 202120210312The latest benchmark revision to the California labor market statistics revised the record-high unemployment rate in April 2020 from 16.4 percent to 16.0 percent. The state’s record low unemployment rate was revised to 4.1 percent in November 2019 (previously estimated at 3.9 percent in the six months through February 2020). California’s official unemployment rate fell 0.3 percentage point to 9.0 percent in January 2021. California lost 70,000 jobs in January after losing 75,000 jobs in December. As of January 2021, California has recovered 34.0 percent of the 2.7 million jobs lost in March and April 2020.
2021?2021March?20210312March 12March 12, 202120210312The United States administers its 100 millionth COVID-19 vaccine, ahead of President Biden’s original target of 100 million doses by his 100th day in office, April 30.
2021?2021March?20210315March 15March 15, 202120210315The S&P 500 and Dow Jones close at new record highs of 3,969 and 32,953, respectively.
2021?2021March?20210315March 15March 15, 202120210315Deb Haaland of New Mexico is confirmed as President Biden’s Secretary of the Interior, becoming the first Native American to serve as a presidential cabinet secretary.
2021?2021March?20210316March 16March 16, 202120210316U.S. retail sales in February were down 3.1 percent from January 2021 and up 9.5 percent from February 2020. Non-store retail sales were down 5.4 percent from January 2021 and up 25.9 percent from February 2020.
2021?2021March?20210317March 17March 17, 202120210317The Federal Reserve’s Open Market Committee leaves the federal funds rate unchanged at 0 to 0.25 percent.
2021?2021March?20210317March 17March 17, 202120210317The S&P 500 closes at a new record high of 3,974 points. The Dow Jones closes above 33,000 for the first time ever, ending the day at 33,015.
2021?2021March?20210317March 17March 17, 202120210317The IRS extends tax filing deadline for individuals for the 2020 tax year from April 15, 2021 to May 17, 2021 due to the pandemic.
2021?2021March?20210318March 18March 18, 202120210318California statewide median home price declined slightly for the second consecutive month to $699,000 in February, down 0.1 percent from January 2021, and up 20.6 percent from February 2020.
2021?2021March?20210318March 18March 18, 202120210318Governor Gavin Newsom and State Superintendent of Public Instruction Tony Thurmond announce a partnership between the California COVID-19 Testing Task Force and the California Department of Education to deploy up to 3 million free rapid COVID-19 antigen tests to support the safe return to in-person learning for staff and students in high-needs schools.
2021?2021March?20210318March 18March 18, 202120210318Katherine Tai is sworn in as U.S. Trade Representative, the first Asian American and first woman of color to hold the position.
2021?2021March?20210319March 19March 19, 202120210319CDC releases new guidelines cutting in half the distance students should remain from one another in classrooms, recommending that, with universal masking, students should maintain a distance of at least 3 feet.
2021?2021March?20210319March 19March 19, 202120210319Governor Gavin Newsom signs into law legislation (SB 95) creating a uniform, statewide policy to ensure employees have access to COVID-19 supplemental paid sick leave through September 30, 2021.
2021?2021March?20210323March 23March 23, 202120210323California permitted 116,000 housing units (seasonally-adjusted annualized rate) in February 2021, down 14.9 percent from 136,000 in January 2021 and 10.7 percent above the 2020 average of 105,000 units.
2021?2021March?20210324March 24March 24, 202120210324Personal income in California grew by 5.2 percent on a year-over-year basis in the fourth quarter of 2020, bringing 2020 personal income growth to 6.9 percent, driven by unprecedented increases in transfer payments.
2021?2021March?20210325March 25March 25, 202120210325U.S. real GDP grew by 4.3 percent (seasonally adjusted annualized rate) in the fourth quarter of 2020 per Bureau of Economic Analysis’s third and final estimate, an upward revision from the second estimate of 4.1 percent.
2021?2021March?20210325March 25March 25, 202120210325Governor Gavin Newsom announces starting April 1, all Californians aged 50 years and older will be able to make an appointment to be vaccinated, and individuals 16 years and older will be eligible to make an appointment starting on April 15.
2021?2021March?20210326March 26March 26, 202120210326California’s official unemployment rate fell 0.5 percentage point to 8.5 percent in February 2021. California added 141,000 nonfarm jobs in February after losing a combined 155,000 jobs in December and January. As of February 2021, California has recovered 38.8 percent of the 2.7 million jobs lost in March and April 2020.
2021?2021March?20210326March 26March 26, 202120210326The S&P 500 and Dow Jones close at new record highs of 3,975 and 33,073, respectively.
2021?2021March?20210330March 30March 30, 202120210330Governor Gavin Newsom uses Emergency Fund authorization to approve $80.7 million for 1,399 additional firefighters with the California Department of Forestry and Fire Protection (CAL FIRE) to bolster fuels management and wildfire response efforts ahead of peak fire season.
2021?2021March?20210331March 31March 31, 202120210331Pfizer-BioNTech announces its COVID-19 vaccine is extremely effective in adolescents, with no symptomatic infections among vaccinated children ages 12 years to 15 years in its ongoing clinical trial.
2021?2021March?20210331March 31March 31, 202120210331President Biden introduces his blueprint for a $2 trillion infrastructure proposal, the American Jobs Plan, which includes updating physical infrastructure, investing in manufacturing, addressing climate change and affordable housing, expanding broadband access, improving water infrastructure, and modernizing public schools.
2021?2021March?20210331March 31March 31, 202120210331The S&P 500 closes the month at 3,973, up 4.2 percent from February month end and up 53.7 percent from March 2020 month end. The Dow Jones closes at 32,982, up 6.6 percent. The Nasdaq closes at 13,247, up 0.4 percent.
2021?2021March?20210331March 31March 31, 202120210331To date, 164.9 million COVID-19 vaccine doses have been administered in the U.S. with a 2.8 million rolling daily average, up from a daily average of 1.8 million on March 1 with about 18.3 percent of the population fully vaccinated and 31.9 percent having received at least one dose. To date, California has administered 19.6 million COVID-19 vaccines, with about 18.1 percent of the California population fully vaccinated and 32.3 percent having received at least one dose.
2021?2021March?20210331March 31March 31, 202120210331As of the end of March, California has recorded 3.6 million cases of COVID-19 or 11.8 percent of U.S. cases which total 30.4 million. California deaths from COVID-19 total 60,500, 10.9 percent of U.S. deaths which total 555,700.
2021?2021March?20210331March 31March 31, 202120210331For the month of March, the United States Drought Monitor has reported that about 60 percent of California fell under severe drought conditions, up from around 1 percent in March 2020.
2021?2021April?20210401April 01April 1, 202120210401Californians age 50 and over are eligible to receive the COVID-19 vaccine.
2021?2021April?20210401April 01April 1, 202120210401California has administered more than 20 million vaccine doses to date, this is close to 12 percent of the nearly 170 million administered in the nation.
2021?2021April?20210401April 01April 1, 202120210401About one-third (32.7 percent) of the U.S. population has received at least one dose of a COVID-19 vaccine, according to the Centers for Disease Control and Prevention (CDC).
2021?2021April?20210401April 01April 1, 202120210401The S&P 500 closes above 4,000 points for the first time in history at a new record high of 4,020 points.
2021?2021April?20210401April 01April 1, 202120210401The U.S. surpasses 4 million COVID-19 vaccine doses administered in single a day, according to the CDC, a new record.
2021?2021April?20210402April 02April 2, 202120210402California will allow indoor gatherings and events starting on April 15 as COVID-19 cases continue to fall and vaccination rates rise.
2021?2021April?20210402April 02April 2, 202120210402The CDC updates travel guidance to allow fully vaccinated people to travel within the U.S. without testing for COVID-19 or self-quarantining as long as COVID-19 precautions are taken, including mask wearing.
2021?2021April?20210402April 02April 2, 202120210402The official U.S. unemployment rate fell slightly to 6.0 percent in March 2021 and nonfarm payroll employment rose by almost a million jobs. Over a year into the COVID-19 Recession, there were 4 million more unemployed persons than in February 2020 and nearly 4 million fewer persons in the labor force. Through March 2021, the U.S. has recovered over 60 percent of the 22.4 million jobs lost at the height of the pandemic in March and April 2020.
2021?2021April?20210402April 02April 2, 202120210402The California Department of Water Resources reports that California is experiencing its third driest year on record as the state has only received around 50 percent of its average precipitation during the 2021 water year (October 2020 to September 2021).
2021?2021April?20210403April 03April 3, 202120210403Researchers at Stanford University confirm the first U.S. case of an Indian variant of the COVID-19 virus, first detected globally in March, in Northern California.
2021?2021April?20210405April 05April 5, 202120210405The S&P 500 and Dow Jones close at new record highs of 4,078 and 33,527, respectively.
2021?2021April?20210405April 05April 5, 202120210405California's COVID-19 seven-day positivity rate ranks lowest in the nation at 1.7 percent, compared to 4.7 percent for the nation, according to the U.S. Department of Health and Human Services.
2021?2021April?20210406April 06April 6, 202120210406President Biden announces the deadline for all U.S. adults to become eligible for the COVID-19 vaccine has been moved up to April 19, 2021 from a previous plan of May 1, 2021.
2021?2021April?20210406April 06April 6, 202120210406Governor Gavin Newsom announces California will fully reopen on June 15 contingent upon a sufficient vaccine supply for Californians 16 years and older who wish to be inoculated and low hospitalization rates.
2021?2021April?20210407April 07April 7, 202120210407The S&P 500 closes at a new record high of 4,080.
2021?2021April?20210407April 07April 7, 202120210407California exports of goods rose by 9.3 percent year-over-year in March to $14.8 billion following a year-over-year decrease of 7.9 percent in February 2021. Imports of goods through California ports rose by $9.4 billion or 32.5 percent year-over-year in March to $38 billion—rising for a ninth consecutive month (averaging an 11.0 percent increase from July 2020 to March 2021).
2021?2021April?20210408April 08April 8, 202120210408The S&P 500 closes at a new record high of 4,097.
2021?2021April?20210409April 09April 9, 202120210409The S&P 500 and Dow Jones close at new record highs of 4,129 and 33,800, respectively.
2021?2021April?20210411April 11April 11, 202120210411The city of Los Angeles opens vaccinations to those 16 years and older ahead of California’s planned eligibility expansion on April 15.
2021?2021April?20210412April 12April 12, 202120210412More than 200 million doses of COVID-19 vaccine administered in the U.S., including 24 million (or 12 percent) administered doses in California.
2021?2021April?20210412April 12April 12, 202120210412According to the CDC, 11 U.S. states have already vaccinated 50 percent of adults with at least one dose of the COVID-19 vaccine. To date, nearly 40 percent of Californians adults have received at least one dose.
2021?2021April?20210413April 13April 13, 202120210413The S&P 500 closes at a new record high of 4,142.
2021?2021April?20210413April 13April 13, 202120210413U.S. headline inflation accelerated for the fourth consecutive month in March, jumping 2.6 percent on a year-over-year basis following 1.7 percent in February, and the highest pace since August 2018. Headline inflation accelerated in Los Angeles (2.2 percent in March, following 1.0 percent in February), San Diego (4.1 percent in March, following 1.7 percent in January), and Riverside (3.6 percent in March, following 2.2 percent in January).
2021?2021April?20210413April 13April 13, 202120210413The CDC and the U.S. Food and Drug Administration (FDA) recommend that the U.S. pause the use of Johnson & Johnson's COVID-19 vaccine following reports of several cases of a "rare and severe" type of blood clot.
2021?2021April?20210415April 15April 15, 202120210415The S&P 500 and Dow Jones close at a new record high of 4,170 and 34,036, respectively.
2021?2021April?20210415April 15April 15, 202120210415More than a quarter (25.7 percent) of adults in the U.S. are fully vaccinated, according to the CDC.
2021?2021April?20210415April 15April 15, 202120210415Californians 16 years and older are now eligible to receive the COVID-19 vaccine.
2021?2021April?20210415April 15April 15, 202120210415The CDC reports that some breakthrough infections are expected of the fully vaccinated as no COVID-19 vaccine has proved to be 100 percent effective at preventing illness, but are effective and a critical tool in bringing the pandemic under control.
2021?2021April?20210415April 15April 15, 202120210415U.S. retail sales in March were up 27.3 percent from February 2021 and up 30.4 percent from March 2020. Non-store retail sales were up 18.8 percent from February 2021 and up 30.7 percent from March 2020.
2021?2021April?20210415April 15April 15, 202120210415California median home price reached an all-time high of $758,990 in March shattering the previous record high of $717,930 set in December 2020, this is 23.9 percent above year-ago prices, the largest year-over-year gain since October 2013 and the eighth straight month that the California’s median home price registered a double-digit year-over-year gain.
2021?2021April?20210416April 16April 16, 202120210416The S&P 500 and Dow Jones close at new record highs of 4,185 and 34,201, respectively.
2021?2021April?20210416April 16April 16, 202120210416California’s unemployment rate fell by 0.2 percentage point to 8.3 percent in March 2021, 2.3 percentage points higher than the U.S. unemployment rate of 6.0 percent and 4.0 percentage higher than the pre-pandemic rate of 4.3 percent in February 2020. California added 119,600 total nonfarm jobs in March 2021, following a gain of over156,000 jobs (revised) in February 2021.
2021?2021April?20210416April 16April 16, 202120210416Governor Newsom signs Senate Bill 93, supporting workers displaced by the COVID-19 pandemic, requiring hospitality and business services industries to offer new positions to qualified former employees laid off due to COVID-19 through 2024.
2021?2021April?20210418April 18April 18, 202120210418Half of all U.S. adults have had at least one dose of a COVID-19 vaccine shot, according to the CDC
2021?2021April?20210419April 19April 19, 202120210419The U.S. State Department will increase "Do Not Travel" advisories for about 80 percent of countries worldwide, citing ongoing risks during the COVID-19 Pandemic.
2021?2021April?20210419April 19April 19, 202120210419All Americans 16 years and older become eligible for COVID-19 vaccines.
2021?2021April?20210420April 20April 20, 202120210420Derek Chauvin, former Minneapolis police officer, is convicted on charges of second-degree unintentional murder, third-degree murder, and second-degree manslaughter for the death of George Floyd in May 2020.
2021?2021April?20210421April 21April 21, 202120210421Governor Newsom proclaims a regional drought emergency for the Russian River watershed in Sonoma and Mendocino counties, where reservoirs are at record lows following two critically dry years and accelerated action may be needed to protect public health, safety and the environment.
2021?2021April?20210423April 23April 23, 202120210423California permitted 136,000 housing units (seasonally-adjusted annualized rate) in March 2021, up 16.9 percent from 116,000 in February 2021 and 29.4 percent above the 2020 average of 105,000 units. Single-family units increased to 79,000 (up 5.2 percent from February and up 55.2 percent from March 2020). The large year-over-year gains are driven in part by large decreases in March 2020.
2021?2021April?20210423April 23April 23, 202120210423Governor Gavin Newsom swears in Assembly member Rob Bonta as California’s 34th Attorney General, the first Filipino American to serve in the role.
2021?2021April?20210423April 23April 23, 202120210423The FDA ends its recommended pause on the Johnson & Johnson COVID-19 vaccine and will add a warning to its label to note the potential risk of rare blood clots.
2021?2021April?20210424April 24April 24, 202120210424The Western States Scientific Safety Review Workgroup completes its review of the federal process and concludes that the use of the Johnson & Johnson COVID-19 vaccine should resume in the western states, providing its confirmation to the Governors of California, Nevada, Oregon and Washington.
2021?2021April?20210426April 26April 26, 202120210426California will lose a congressional seat based on new 2020 Census data, stating slower population growth of 6.1 percent for the state from 37.3 million to 39.5 million residents, between 2010 and 2020, the national population increased by 7.4 percent to 331.4 million, the second smallest increase in the 24 decades of the census.
2021?2021April?20210426April 26April 26, 202120210426The recall election effort against Governor Gavin Newsom is confirmed to have reached nearly 1.5 million verified signatures—enough to force a special election.
2021?2021April?20210426April 26April 26, 202120210426The S&P 500 and Nasdaq close at new record highs of 4,188 and 14,139, respectively.
2021?2021April?20210427April 27April 27, 202120210427The deadline for Americans to acquire a REAL ID is pushed back from October 1, 2021 to March 3, 2023 due to the COVID-19 Pandemic.
2021?2021April?20210427April 27April 27, 202120210427The CDC announces that fully vaccinated people can unmask outdoors if they are walking, running, hiking, or biking alone or with members of their household and while dining at an outdoor restaurant with persons from multiple households.
2021?2021April?20210428April 28April 28, 202120210428The Federal Reserve’s Open Market Committee (FOMC) leaves the federal funds rate unchanged at 0 to 0.25 percent and continues to monitor the economic outlook and remains committed to using its full range of tools.
2021?2021April?20210429April 29April 29, 202120210429According to BEA’s initial estimate, U.S. real GDP grew by 6.4 percent (seasonally adjusted annualized rate) in the first quarter of 2021, following a growth of 4.3 percent in the fourth quarter of 2020 and an annual decline of 3.5 percent in 2020, placing 2021 first quarter U.S. real GDP at levels just above the second quarter of 2019, but still 0.9 percent below fourth quarter 2019 pre-pandemic level.
2021?2021April?20210429April 29April 29, 202120210429The S&P 500 closes at a new record high of 4,211.
2021?2021April?20210429April 29April 29, 202120210429Governor Gavin Newsom signs Assembly Bill 80 (AB 80) that will give California small businesses hardest impacted by the COVID-19 pandemic a $6.2 billion tax cut over the next six years.
2021?2021April?20210430April 30April 30, 202120210430The Transportation Security Administration (TSA) extends the transportation mask mandate, requiring masks on all travelers in airports, airplanes, terminals, trains, buses and boats until September 13, previously set to expire May 11.
2021?2021April?20210430April 30April 30, 202120210430The S&P 500 closes the month at 4,181, up 5.2 percent from March month end. The Dow Jones closes at 33,875, up 2.7 percent. The Nasdaq closes at 13,962, up 5.4 percent.
2021?2021April?20210430April 30April 30, 202120210430To date, nearly 250 million COVID-19 vaccine doses have been administered in the U.S., with about 32.2 percent of the population fully vaccinated and 44.8 percent having received at least one dose. To date, California has administered 30.8 million COVID-19 vaccines, with about 32.5 percent of the California population fully vaccinated and 47.7 percent having received at least one dose.
2021?2021April?20210430April 30April 30, 202120210430For the month of April, the U.S. Drought Monitor reports that about 88 percent of California fell under severe drought conditions, up from around 20 percent in April 2020 and up 24 percent from March 2021.
2021?2021April?20210430April 30April 30, 202120210430To date, over 7,752 acres have burned in California in 2021 from 2,597 fire incidents causing no fatalities and no damaged or destroyed structures.
2021?2021April?20210430April 30April 30, 202120210430To date, California has recorded over 3.6 million cases of COVID-19 or 10.9 percent of U.S. cases which total 32.2 million with a seven-day average just above 22,000 for the U.S. and just below 2,000 for California. California deaths from COVID-19 total more than 61,000, 10.3 percent of U.S. deaths which total 590,000.
2021?2021May?20210503May 03May 3, 202120210503California adopts the Centers for Disease Control and Prevention (CDC) recommendations relaxing the requirement for fully vaccinated people to wear a mask outdoors unless attending crowded gatherings.
2021?2021May?20210504May 04May 4, 202120210504California exports of goods rose by 9.3 percent year-over-year in March to $14.8 billion following a year-over-year decrease of 7.9 percent in February 2021. Imports of goods through California ports rose by $9.4 billion or 32.5 percent year-over-year in March to $38 billion—rising for a ninth consecutive month.
2021?2021May?20210504May 04May 4, 202120210504California’s seven-day average deaths from COVID-19 falls to 19 per day, the first time the average has been below 20 deaths per day since March 2020.
2021?2021May?20210505May 05May 5, 202120210505U.S. birth and fertility rates dropped by 4 percent in 2020 to the lowest level since 1979, according to the CDC National Vital Statistics System.
2021?2021May?20210505May 05May 5, 202120210505Facebook upholds its ban on former President Donald Trump for 6 months.
2021?2021May?20210505May 05May 5, 202120210505Los Angeles and San Francisco counties move into the yellow tier of COVID-19 restrictions, allowing bars to recommence indoor service at a reduced capacity.
2021?2021May?20210507May 07May 7, 202120210507The S&P 500 closes at a new record high of 4,232 points.
2021?2021May?20210507May 07May 7, 202120210507The official U.S. unemployment rate remained unchanged at 6.1 percent in April, and the number of unemployed persons also remained unchanged at by 9.8 million. Total nonfarm payroll jobs rose by 226,000, following increases of 770,000 in March and 536,000 in February.
2021?2021May?20210510May 10May 10, 202120210510FDA authorizes Pfizer-BioNTech’s COVID-19 vaccine for emergency use in adolescents aged 12-15.
2021?2021May?20210512May 12May 12, 202120210512U.S. headline inflation jumped 4.2 percent on a year-over-year basis in April 2021, the fastest pace since September 2008. Headline inflation also accelerated in Los Angeles (3.6 percent in April, following 2.2 percent in March) and San Francisco (3.8 percent in April, following 1.6 percent in February).
2021?2021May?20210513May 13May 13, 202120210513The CDC updates its guidance for people fully vaccinated against COVID-19, advising that fully vaccinated individuals can resume normal activities without wearing a mask or social distancing, including indoors. Vaccinated individuals are no longer advised to get tests for COVID-19 while travelling within the United States or if they have been around someone who has COVID-19.
2021?2021May?20210514May 14May 14, 202120210514Governor Newsom announces $100 billion California Comeback Plan, including stimulus checks for nearly two-thirds of Californians, small business relief and renter assistance programs.
2021?2021May?20210514May 14May 14, 202120210514U.S. retail sales were unchanged month-over-month in April 2021 on a seasonally adjusted basis after rising by 10.7 percent in March. Retail sales in April 2021 were 51.2 percent higher than April 2020. Non-store retail sales in April 2021 were down 0.6 percent from March 2021, but up 15.2 percent from April 2020.
2021?2021May?20210515May 15May 15, 202120210515California median home price exceeded $800,000 for the first time in April 2021, increasing for the second consecutive month to a new record high of $814,000, up 7.2 percent from $759,000 in March 2021, and up 34.2 percent from $606,000 in April 2020.
2021?2021May?20210521May 21May 21, 202120210521California’s unemployment rate remained unchanged at 8.3 percent in April 2021, 2.2 percentage points higher than the U.S. unemployment rate of 6.1 percent and 4.0 percentage points higher than California’s pre-pandemic rate of 4.3 percent in February 2020.
2021?2021May?20210523May 23May 23, 202120210523The seven-day average number of COVID-19 cases in California falls below 1,000 new cases a day for the first time since March 30, 2020.
2021?2021May?20210525May 25May 25, 202120210525California permitted 128,000 housing units (seasonally-adjusted annualized rate) in April 2021, down 5.8 percent from 136,000 in March 2021, and up 76.5 percent from the COVID-19 Recession low of 72,000 units in April 2020.
2021?2021May?20210526May 26May 26, 202120210526A mass shooting at Santa Clara Valley Transportation Authority rail yard in San Jose kills 10 people, becoming the deadliest mass shooting in the history of the San Francisco Bay Area.
2021?2021May?20210527May 27May 27, 202120210527U.S. real GDP grew by 6.4 percent (seasonally adjusted annualized rate) in the first quarter of 2021 per BEA’s second estimate, unrevised from the preliminary estimate released in April.
2021?2021May?20210527May 27May 27, 202120210527Governor Newsom announces the “Vax for the Win” program that will give away $116.5 million in incentive prizes to encourage Californians to get vaccinated. This includes $1.5 million and $50,000 prizes to vaccinated Californians and $50 gift cards when people get their final vaccine dose.
2021?2021May?20210531May 31May 31, 202120210531Year to date, 16,800 acres have burned from 2,878 fire incidents across the state. No damage to structures or fatalities have so far been recorded.
2021?2021May?20210531May 31May 31, 202120210531The U.S. Drought Monitor reports that 94.6 percent of California fell under severe drought, up from 20.8 percent in May 2020. A hundred percent of the state is under at least abnormally dry conditions, compared to 58.2 percent in May 2020.
2021?2021May?20210531May 31May 31, 202120210531To date, 301.3 million COVID-19 vaccine doses have been administered in the U.S., with about 41.7 percent of the population fully vaccinated and 51.3 percent having received at least one dose. To date, California has administered 38.0 million COVID-19 vaccines, with around 39.9 percent of the population fully vaccinated and 51.5 percent having received at least one dose.
2021?2021May?20210531May 31May 31, 202120210531To date, California has recorded 3.7 million COVID-19 cases, or 11.1 percent of the nation’s 33.1 million cases. California has recorded 62,000 deaths from COVID-19, or 10.4 percent of the nation’s 593,000 deaths.
2021?2021May?20210531May 31May 31, 202120210531The S&P 500 closes the month at 4,204, up 0.5 percent from the April close. The Dow Jones closes at 34,529, up 1.9 percent. The Nasdaq closes at 13,748, down 1.5 percent.
2021?2021June?20210604June 04June 4, 202120210604The official U.S. unemployment rate fell 0.3 percentage point to 5.8 percent in May 2021. Total U.S. nonfarm jobs rose by 559,000 in May, with the leisure and hospitality sector accounting for over half of the jobs added. As of May 2021, the U.S. has recovered 65.9 percent of the 22.4 million jobs lost in March and April 2020.
2021?2021June?20210607June 07June 7, 202120210607The Food and Drug Administration (FDA) approves Aduhelm, the first new medication to treat Alzheimer’s disease approved in almost 20 years.
2021?2021June?20210608June 08June 8, 202120210608West Texas Intermediate crude oil spot price closes over $70 per barrel for the first time since October 16, 2018.
2021?2021June?20210608June 08June 8, 202120210608California exports of goods rose by a record-high 46.4 percent year-over-year to $15.2 billion in April 2021 after falling by 26.5 percent year-over-year to $10.4 billion in April 2020. California imports of goods rose by a record-high 41.2 percent year-over-year to $37.6 billion in April 2021, after a decline of 18.2 percent year-over-year in April 2020.
2021?2021June?20210608June 08June 8, 202120210608El Salvador approves Bitcoin as legal tender, becoming the first sovereign nation in the world to formally adopt a cryptocurrency.
2021?2021June?20210610June 10June 10, 202120210610President Joe Biden and British Prime Minister Boris Johnson sign a new Atlantic Charter, a modernized version of the original eighty-year-old Atlantic Charter.
2021?2021June?20210610June 10June 10, 202120210610U.S. headline inflation rose by 5.0 percent on a year-over-year basis in May 2021, its fastest pace since August 2008, compared to 0.1 percent in May 2020. Headline inflation in the Los Angeles metro area rose by 3.9 percent in May 2021, compared to 0.9 percent in May 2020.
2021?2021June?20210610June 10June 10, 202120210610The number of daily COVID-19 deaths in India spikes to 7,400, over 60 percent higher than the previous peak of 5,600 daily deaths reported on May 18, 2021, and with 92,300 daily cases. In comparison, the U.S. reports 433 daily deaths and14,500 daily cases from COVID-19.
2021?2021June?20210610June 10June 10, 202120210610The University of California office of the President announces plans to require all university faculty, staff, and students to be fully vaccinated beginning in the Fall 2021.
2021?2021June?20210615June 15June 15, 202120210615California removes emergency rules on social distancing, indoor capacity in establishments, and mask mandates. The COVID-19 state of emergency remains in effect.
2021?2021June?20210615June 15June 15, 202120210615U.S. retail sales decreased 1.4 percent month-over-month in May 2021 on a seasonally adjusted annualized rate (SAAR) after rising by 0.9 percent in April 2021. Retails sales in May 2021 were 28 percent higher than in May 2020. Non-store retail sales in May 2021 were down 1.2 percent from April 2021 and up 7.9 percent from May 2020.
2021?2021June?20210616June 16June 16, 202120210616California permitted 113,000 housing units (seasonally-adjusted annualized rate or SAAR) in May 2021, down 11.5 percent from 128,000 units in April 2021, and up 47.2 percent from 77,000 units in May 2020. This included 68,000 single-family units (down 10.6 percent from April 2021 and up 75.0 percent from May 2020) and 46,000 multi-family units (down 12.7 percent from April and up 19.1 percent from May 2020).
2021?2021June?20210616June 16June 16, 202120210616The U.S. surpasses 600,000 total COVID-19 deaths, including 63,000 deaths in California.
2021?2021June?20210617June 17June 17, 202120210617President Joe Biden signs a bill establishing Juneteenth National Independence Day, commemorating the end of slavery in the United States. This is the 12th federal holiday and the first holiday created since Martin Luther King Jr. Day was signed into law by Former President Reagan in 1983.
2021?2021June?20210617June 17June 17, 202120210617The Supreme Court of the United States dismisses a challenge to the Affordable Care Act, leaving the national health care law intact.
2021?2021June?20210618June 18June 18, 202120210618California’s unemployment rate fell by 0.1 percentage point to 7.9 percent in May 2021, 2.1 percentage points higher than the U.S. unemployment rate of 5.8 percent and 3.6 percentage points higher than the state’s pre-pandemic rate of 4.3 percent in February 2020. California added 104,500 total nonfarm jobs in May 2021, the fourth consecutive job gain of over 100,000 jobs, and nearly one-fifth of the nation’s gain of 559,000 jobs.
2021?2021June?20210618June 18June 18, 202120210618California median home price for existing single-family homes reached a new all-time high of $818,260 in May 2021, setting a new record for the third consecutive month. This was 39.1 percent above year-ago prices, a record year-over-year gain, and the tenth straight month that California’s median home price registered a double-digit year-over-year gain.
2021?2021June?20210622June 22June 22, 202120210622Microsoft becomes the second publicly traded American company to reach a market value exceeding $2 trillion. Apple was the first American company to reach $2 trillion in August 2020.
2021?2021June?20210622June 22June 22, 202120210622Personal income in California increased by 42.8 percent on a seasonally adjusted annual basis in the first quarter of 2021, following a decrease of 0.1 percent in the fourth quarter of 2020. This was the largest quarterly increase in California personal income in recorded history. U.S. personal income increased by a record 59.7 percent (SAAR) in the first quarter of 2021, following a decrease of 3.9 percent in the fourth quarter of 2020.
2021?2021June?20210624June 24June 24, 202120210624The Centers for Disease Control and Prevention (CDC) extends the national moratorium on evictions and foreclosures through July 31. The moratorium was previously set to expire on June 30.
2021?2021June?20210625June 25June 25, 202120210625U.S. real GDP grew by 6.4 percent in the first quarter of 2021 on a seasonally adjusted annualized basis according to the Bureau of Economic Analysis (BEA)’s third and final estimate, unchanged from the second estimate and following a growth of 4.3 percent in the fourth quarter of 2020.
2021?2021June?20210628June 28June 28, 202120210628Governor Gavin Newsom signs AB 832, extending the state’s eviction moratorium through September 30. The state moratorium was previously set to expire on June 30. The bill also expands the state’s rental assistance program to cover 100 percent of past-due and prospective rent payments for qualifying renters (an increase from 80 percent).
2021?2021June?20210628June 28June 28, 202120210628California Attorney General Rob Bonta announces the addition of Florida, Arkansas, Montana, North Dakota, and West Virginia to the official travel ban list created under AB 1887 (2016). The state law prohibits taxpayer-funded travel to U.S. states that have enacted laws fostering discrimination against the LGBTQ community. Seventeen states are now on the official list.
2021?2021June?20210629June 29June 29, 202120210629San Jose becomes the first city in the nation to require gun owners to have liability insurance coverage and to pay an annual fee to compensate taxpayers for the public cost of responding to gun-related incidents.
2021?2021June?20210630June 30June 30, 202120210630To date, California has recorded over 3.7 million cases of COVID-19 or 11 percent of U.S. cases which total 33.7 million. The seven-day average for daily cases is just above 13,000 for the U.S. and just below 1,500 for California, or about 12 percent of U.S. cases. California deaths from COVID-19 total more than 63,000 to date, or about 10.5 percent of U.S. deaths which total more than 603,000.
2021?2021June?20210630June 30June 30, 202120210630To date, California has administered nearly 42 million COVID-19 vaccines, with 50.7 percent of the population fully vaccinated and 58.6 percent having received at least one dose. In comparison, more than 331 million COVID-19 vaccine doses have been administered in the U.S., with about 47.5 percent of the population fully vaccinated and 54.9 percent having received at least one dose.
2021?2021June?20210630June 30June 30, 202120210630The S&P 500 closes the month of June at 4,298, the eighth record high of the month and up 2.2 percent from May's close. The Dow Jones closes at 34,503, down 0.1 percent from the May close and the NASDAQ closes 5.5 percent higher than the May close at 14,504.
2021?2021June?20210630June 30June 30, 202120210630To date, an estimated 31,869 acres have burned in California in 2021 from 4,152 fire incidents. Twenty-four structures have been damaged or destroyed and there has been no fatalities.
2021?2021June?20210630June 30June 30, 202120210630U.S. Drought Monitor reports that 94.7 percent of California is in severe drought, up from 94.6 percent at the end of May. In comparison, only 20.8 percent of the state was in severe drought at the end of June 2020. A hundred percent of the state is under at least abnormally dry conditions, compared to 58.2 percent in June 2020.
2021?2021July?20210701July 01July 1, 202120210701The hourly minimum wage increases in the following California cities and county:

1. Berkeley, from $16.07 to $16.32
2. Emeryville, from $16.84 to $17.13
3. Fremont, from $15.00 to $15.25
4. Los Angeles, from $14.25 to $15.00
5. Los Angeles County, from $14.25 to $15.00
6. Malibu, from $14.25 to $15.00
7. Milpitas, from $15.40 to $15.65
8. Pasadena, from $14.25 to $15.00
9. San Francisco, from $16.07 to $16.32
10. San Leandro, from $14.00 to $15.00
11. Santa Monica, from $14.25 to $15.00
2021?2021July?20210701July 01July 1, 202120210701The QR code European Union pass which certifies a person’s COVID-19 fully vaccinated status or recent negative COVID-19 test comes into force in the European Union (EU), allowing travel across 33 European countries.
2021?2021July?20210701July 01July 1, 202120210701Olympics officials announce that a limited number of domestic spectators will be permitted to attend the 2021 Tokyo Olympic events, however foreign spectators are banned.
2021?2021July?20210702July 02July 2, 202120210702California exports of goods rose 42.2 percent year-over-year to $15 billion in May 2021. California imports of goods rose 43.3 percent year-over-year to $39 billion in May 2021, the eleventh consecutive month of year-over-year increase.
2021?2021July?20210702July 02July 2, 202120210702The official U.S. unemployment rate rose 0.1 percentage point to 5.9 percent in June 2021. The U.S. added 850,000 total nonfarm jobs in June 2021, the largest gain since August 2020 when 1.6 million jobs were added. Nearly 70 percent of the 22.4 million total jobs lost in March and April of 2020 have been recovered.
2021?2021July?20210704July 04July 4, 202120210704To date, 67 percent of the U.S. adult population have received at least one dose of a COVID-19 vaccine. This falls short of President Joe Biden’s July 4 vaccination goal of administering at least one dose of a COVID-19 vaccine to 70 percent of the U.S. adult population.
2021?2021July?20210707July 07July 7, 202120210707Haitian President Jovenel Moïse is assassinated.
2021?2021July?20210707July 07July 7, 202120210707Nine California State Capitol workers tested positive for COVID-19 in early July, including four who are fully vaccinated, triggering a return of the mask mandate for lawmakers and staff.
2021?2021July?20210707July 07July 7, 202120210707According to estimates from the Center for Disease Control and Prevention (CDC), the COVID-19 Delta variant is the dominant virus strain in the United States, accounting for over 50 percent of new cases.
2021?2021July?20210708July 08July 8, 202120210708Olympic officials update and announce that even domestic spectators will be allowed at the Tokyo Olympic events, after a new COVID-19 state of emergency was declared.
2021?2021July?20210708July 08July 8, 202120210708Bank of America announces its desire to break contract with the California Employment Development Department, stating it lost upward of $31 billion dollars on the contract last year as it scrambled to respond to California’s rampant unemployment insurance fraud.
2021?2021July?20210708July 08July 8, 202120210708Siemens Mobility, a Sacramento-based company, signs a $3.4 billion contract with Amtrak beginning in 2024 that will provide Amtrak with at least 73 new hybrid battery trains.
2021?2021July?20210709July 09July 9, 202120210709President Joe Biden signs the “Promoting Competition in the American Economy” executive order, which includes 72 initiatives by more than a dozen federal agencies, to address competition issues, to combat excessive concentration of industry and abuses of market power, and to address challenges posed by new industries and technologies.
2021?2021July?20210709July 09July 9, 202120210709The Food and Drug Administration (FDA) recommends the Alzheimer’s drug, Aduhelm, be given only to those with mild symptoms, after facing criticism for approving the drug for all Alzheimer’s patients.
2021?2021July?20210710July 10July 10, 202120210710Just over 3.6 million babies were born in the U.S. in 2020, down 4 percent from 2019. Birth rates declined across all races and age. While the COVID-19 Pandemic likely played a role, the decline was not anomalous and follows a steady decline in birth rates since 2007.
2021?2021July?20210712July 12July 12, 202120210712Governor Gavin Newsom signs SB 129, legislation that reflects the majority of the 2021-22 state budget agreement, which includes the biggest economic recovery package in California’s history—a $100 billion California Comeback Plan.
2021?2021July?20210713July 13July 13, 202120210713U.S. headline inflation accelerated from 5.0 percent in May to 5.4 percent on a year-over-year basis in June 2021, the fastest pace since August 2008. Headline inflation accelerated from 3.9 percent in May to 4.0 percent in Los Angeles but slowed to 3.2 percent in San Francisco following 3.8 percent in April.
2021?2021July?20210713July 13July 13, 202120210713The FDA adds a rare neurological syndrome warning to the Johnson & Johnson COVID-19 vaccine.
2021?2021July?20210714July 14July 14, 202120210714China announces latest climate goals with peak emissions expected by 2030 and then net-zero by 2060, while the European Union announces the "Fit for 55" plan which aims to cut carbon emissions by 55 percent by 2030.
2021?2021July?20210716July 16July 16, 202120210716California median price for existing single-family homes reached a new all-time high of $819,630 in June 2021, up 0.2 percent from the previous record set in May, and setting a new record for the fourth consecutive month.
2021?2021July?20210716July 16July 16, 202120210716California unemployment rate remained unchanged at May 2021’s revised rate of 7.7 percent in June 2021, 3.4 percentage points higher than the state’s pre-pandemic rate of 4.3 percent in February 2020. California added 73,500 total nonfarm jobs in June 2021, bringing the total of jobs recovered to about 54.2 percent (1.4 million jobs) of the 2.7 million nonfarm jobs lost in March and April 2020.
2021?2021July?20210716July 16July 16, 202120210716U.S. retail sales increased 0.6 percent month-over-month in June 2021 on a seasonally adjusted annualized rate (SAAR) after falling by 1.7 percent (revised) in May 2021. Retail sales in June 2021 were 18.0 percent higher than in June 2020. Non-store retail sales in June 2021 were up 0.2 percent from May 2021 and up 12.1 percent from June 2020.
2021?2021July?20210716July 16July 16, 202120210716A federal judge in Texas rules the Deferred Action for Childhood Arrivals (DACA)—a program that has shielded hundreds of thousands of undocumented young adults from deportation—unlawful. More than 825,000 recipients have benefited from DACA protections since the program began in 2012.
2021?2021July?20210716July 16July 16, 202120210716Governor Gavin Newsom issues an emergency proclamation for Siskiyou County due to the Lava Fire and for Lassen and Plumas counties due to the Beckwourth Complex Fire.
2021?2021July?20210719July 19July 19, 202120210719The National Bureau of Economic Research (NBER) announces the COVID-19 Recession ended in April 2020, just two months after its official start, and making it the shortest recorded recession in history, since 1858.
2021?2021July?20210720July 20July 20, 202120210720University of California admits the largest and most diverse cohort of California freshmen students ever for Fall 2021. Among California applicants, which make up about two-thirds of all admitted freshmen, the largest group admitted were Latinos (37 percent), followed by Asian Americans (34 percent), Whites (20 percent) and Blacks (5 percent).
2021?2021July?20210721July 21July 21, 202120210721According to California Secretary of State Shirley Weber, 46 candidates have met the qualifications to run in the California gubernatorial recall election, just over a third of the 135 candidates on the ballot for the state's 2003 recall election.
2021?2021July?20210721July 21July 21, 202120210721Pacific Gas & Electric (PG&E), California’s largest electricity provider, announces plans to place 10,000 miles of its power lines underground to prevent future wildfires. The project involves about 10 percent of the lines currently above ground and may cost tens of billions of dollars.
2021?2021July?20210721July 21July 21, 202120210721Governor Gavin Newsom proclaims a state of emergency for Plumas County due to the Dixie Fire and Fly Fire, for Butte and Lassen counties due to the Dixie Fire, and for Alpine County due to the Tamarack Fire.
2021?2021July?20210722July 22July 22, 202120210722Israel, the first country to adopt a form of COVID-19 vaccine passport “Green Pass” in February 2021, reinstated the requirement for the Green Pass for events of more than 100 persons, due to surges in COVID-19 cases.
2021?2021July?20210723July 23July 23, 202120210723The Dixie fire, swelling to 142,940 acres, becomes the largest wildfire of 2021.
2021?2021July?20210725July 25July 25, 202120210725There were more deaths than births in 2020 in half of all U.S. states, up from only five states in 2019. Early estimates show the total U.S. population grew 0.4 percent for the year ended July 1, 2020, the lowest rate recorded and is expected to remain near flat in 2021.
2021?2021July?20210726July 26July 26, 202120210726California permitted 114,000 housing units in June 2021 up 8.9 percent from May 2021, made up of 61,000 single-family units and 53,000 multi-family units. Single-family units were down 10.3 percent over the previous month, but up 8.9 percent year-over-year while multi-family units were up 15.2 percent over the previous month and up 51.4 percent year-over-year.
2021?2021July?20210726July 26July 26, 202120210726France’s parliament approves a law requiring special COVID-19 vaccination passes for all restaurants and domestic travel and mandates vaccinations for all health workers. The law requires all workers in the health care sector to start getting vaccinated by September 15, or risk suspension.
2021?2021July?20210726July 26July 26, 202120210726California becomes the first state, New York the first city, and the Department of Veterans Affairs the first federal agency to implement standards to require all government workers and California health care workers and high-risk congregate settings to either show proof of full vaccination or be tested at least once per week.
2021?2021July?20210726July 26July 26, 202120210726Tesla sets a company record-high quarterly profit of $1.1 billion.
2021?2021July?20210727July 27July 27, 202120210727The CDC recommends that fully vaccinated people begin wearing masks indoors again in places with high COVID-19 transmission rates as well as children as they return to school.
2021?2021July?20210727July 27July 27, 202120210727Governor Gavin Newsom signs AB 133, making California the first state in the nation to expand full-scope Medi-Cal eligibility to low-income adults 50 years of age or older, regardless of immigration status – a major milestone in the state’s progress toward universal health coverage.
2021?2021July?20210727July 27July 27, 202120210727The U.S. Drought Monitor reports that 95.1 percent of Californa fell under severe drought in July 2021, up from 94.7 percent in June 2021 and up from 21.5 in July 2020. One hundred percent of the state is under at least abnormally dry conditions in June 2021, compared to 59.6 percent in July 2020.
2021?2021July?20210728July 28July 28, 202120210728The Federal Reserve left interest rates unchanged at the current range of 0 percent to 0.25 percent in its Federal Open Market Committee (FOMC) meeting and it announced that it would not yet begin to taper its asset purchase program.
2021?2021July?20210729July 29July 29, 202120210729U.S. real GDP grew at a SAAR of 6.5 percent in the second quarter of 2021, following 6.3 percent (revised) in the first quarter, and surpassing its fourth quarter of 2019 pre-pandemic peak by 0.8 percent.
2021?2021July?20210729July 29July 29, 202120210729President Joe Biden announces that all federal employees must attest to being vaccinated against COVID-19 or face strict protocols including regular testing, masking, limits on official travel and other mitigation measures. Contractors working for the federal government will also be subject to the new rules.
2021?2021July?20210730July 30July 30, 202120210730The S&P 500 closes the month at 4,395, up 2.3 percent from the June close, setting seven new record highs over the month of July. The Dow Jones, closes at 34,935 up 1.3 percent, setting five new record highs in July. The Nasdaq closes at 14,673, up 1.2 percent, setting seven records in July.
2021?2021July?20210731July 31July 31, 202120210731To date, 484, 519 acres have burned from 5,671 fire incidents across the state, causing destruction or damage to 323 structures and no fatalities.
2021?2021July?20210731July 31July 31, 202120210731To date, close to 348 million COVID-19 vaccine doses have been administered in the U.S., with about 49.7 percent of the population fully vaccinated and 57.8 percent having received at last one dose. To date, California has administered 44.1 million COVID-19 vaccines, with around 53.5 percent of the population fully vaccinated and 61.5 percent having received at least one dose.
2021?2021July?20210731July 31July 31, 202120210731To date, California has recorded close to 3.9 million COVID-19 cases, or 11.1 percent of the nation’s 35 million cases. California has recorded over 64,000 deaths from COVID-19, or 10.5 percent of the nation’s more than 611,000 deaths. The seven-day average of cases for California at the end of July was over 8,700 cases and over 79,700 cases for the nation. This is up from a seven-day average of over 1,500 and 13,400 in California and the U.S., respectively at the end of June 2021.
2021?2021August?20210802August 02August 2, 202120210802The U.S. reaches a milestone of 70 percent of adults (18 years and older) receiving at least one COVID-19 vaccine dose, almost a month after its original July 4th goal.
2021?2021August?20210803August 03August 3, 202120210803CDC issues a new order temporarily halting evictions through October 3, in counties with heightened levels of COVID-19 community transmission in order to respond to recent unexpected developments in the trajectory of the COVID-19 Pandemic, including the rise of the Delta variant.
2021?2021August?20210805August 05August 5, 202120210805Governor Gavin Newsom proclaims a state of emergency for Siskiyou County due to the Antelope Fire and for Nevada and Placer counties due to the River Fire.
2021?2021August?20210805August 05August 5, 202120210805The state’s second largest reservoir, the Hyatt Powerplant at Lake Oroville, goes offline for the first time in history due to low water levels.
2021?2021August?20210805August 05August 5, 202120210805California exports of goods rose by 27.8 percent year-over-year to $15 billion in June 2021 after falling by 16.5 percent year-over-year to $11.7 billion in June 2020. California imports of goods rose by 23.4 percent year-over-year to $39.9 billion in June 2021, after a decline of 8.4 percent year-over-year in June 2020.
2021?2021August?20210805August 05August 5, 202120210805President Joe Biden signs an executive order that sets a target to require half of all new vehicles sold in the U.S. to be electric by 2030.
2021?2021August?20210806August 06August 6, 202120210806The official U.S. unemployment rate fell 0.5 percentage point to 5.4 percent in July 2021 and the U.S. added 943,000 total nonfarm jobs. Nearly three-quarters (74.5 percent) of the 22.4 million jobs lost in March and April 2020 have been recovered as of July 2021.
2021?2021August?20210806August 06August 6, 202120210806President Joe Biden extends the pause on federal student loan payments until the end of January 2022, previously set to expire at the end of September 2021.
2021?2021August?20210808August 08August 8, 202120210808The Federal-State Extended Duration (FED-ED) extension of unemployment insurance during times of high unemployment triggers off, as California’s unemployment rate fell to 7.6 percent in July, no longer meeting the federal threshold of unemployment rate higher than 8 percent to offer the additional seven weeks of benefits and will now only provide 13 weeks of benefits instead of 20.
2021?2021August?20210809August 09August 9, 202120210809The Intergovernmental Panel on Climate Change finds that the global temperature is likely to rise around 1.5 degrees Celsius (34.7 degrees Fahrenheit) within the next two decades.
2021?2021August?20210810August 10August 10, 202120210810The Dixie Fire becomes California’s second largest wildfire in state history with nearly 500,000 acres burnt, ranking as the fifteenth most destructive fire in state history, destroying more than a thousand structures.
2021?2021August?20210810August 10August 10, 202120210810Governor Gavin Newsom proclaims a state of emergency in Trinity County due to the McFarland and Monument fires, in Tehama County due to the McFarland and Dixie fires, and in Shasta County due to the McFarland fire.
2021?2021August?20210810August 10August 10, 202120210810The U.S. Senate passes a $1 trillion bipartisan infrastructure bill to rebuild the nation’s roads and bridges and to fund new climate resilience and broadband initiatives.
2021?2021August?20210811August 11August 11, 202120210811U.S. headline inflation rose 5.4 percent on a year-over-year basis in July 2021, unchanged from the June 2021 rate, still the fastest pace since August 2008. Headline inflation decelerated in Los Angeles (3.9 percent year-over-year in July following 4 percent in June), but accelerated in Riverside (6.5 percent following 5.9 percent in May) and San Diego (6.0 percent following 5.3 percent in May).
2021?2021August?20210811August 11August 11, 202120210811Governor Gavin Newsom announces a first-in-the nation requirement for K-12 school teachers and staff to be vaccinated against COVID-19 or to submit to weekly COVID-19 testing, effective October 15, 2021.
2021?2021August?20210812August 12August 12, 202120210812San Francisco is the first major city in California to announce requirements for proof of vaccination against COVID-19 for a variety of indoor activities, effective August 20, 2021.
2021?2021August?20210813August 13August 13, 202120210813According to the National Oceanic and Atmospheric Administration (NOAA), July 2021 was the world’s hottest recorded month in history, since records began 142 years ago, with a combined land and ocean-surface temperature 1.67 degrees Fahrenheit above the 20th century average of 60.4 degrees Fahrenheit. It was 0.02 of a degree Fahrenheit higher than the previous record set in July 2016, which was tied in July of 2019 and 2020.
2021?2021August?20210816August 16August 16, 202120210816The California Assembly requires all assembly members and staff to be vaccinated against COVID-19, with at least their first dose by September 1, 2021 or face possible termination.
2021?2021August?20210817August 17August 17, 202120210817Governor Gavin Newsom proclaims a state of emergency for El Dorado County due to the Caldor Fire.
2021?2021August?20210817August 17August 17, 202120210817California median home sales price for single-family homes decreased 1 percent from June to $811,170 in July, the first month-over-month decrease since February 2021 but still 21.7 percent higher than July 2020’s median home price.
2021?2021August?20210817August 17August 17, 202120210817The Transportation Security Administration (TSA) extends the federal mask requirement set to expire September 14 for travelers on public transportation such as commercial flights, buses, and trains through January 18, 2022.
2021?2021August?20210817August 17August 17, 202120210817U.S. retail sales decreased 1.1 percent month-over-month in July 2021, after increasing by 0.7 percent (revised) in June 2021. Retail sales in July 2021 were 15.8 percent higher than in July 2020. Non-store retail sales in July 2021 were down 3.1 percent from June 2021 and up 5.9 percent from July 2020.
2021?2021August?20210818August 18August 18, 202120210818The Los Angeles City Council passes a COVID-19 vaccine mandate that does not include an option for regular testing on nearly 60,000 city workers, including police officers and firefighters.
2021?2021August?20210818August 18August 18, 202120210818The U.S. Environmental Protection Agency (EPA) bans the use of the pesticide chlorpyrifos on all food to better protect human health, particularly that of children and farmworkers.
2021?2021August?20210818August 18August 18, 202120210818The California Department of Public Health (CDPH) announces a first-in-the nation requirement for proof of vaccination or a negative COVID-19 test within 72 hours prior to the start of an indoor event for all indoor gatherings with 1,000 or more participants or spectators in attendance.
2021?2021August?20210818August 18August 18, 202120210818Federal government health officials and the Center for Disease Control and Prevention (CDC) announce a plan to begin offering booster shots beginning the week of September 20, subject to Food and Drug Administration (FDA) evaluation, to all Americans, 8 months after an individual’s second COVID-19 vaccine dose.
2021?2021August?20210820August 20August 20, 202120210820California’s unemployment rate remained unchanged at June’s revised rate of 7.6 percent in July 2021, or 3.3 percentage points higher than its February 2020 rate of 4.3 percent. California added 114,400 nonfarm jobs in July, recovering 58.3 percent of the 2.7 million jobs lost in March and April 2020.
2021?2021August?20210820August 20August 20, 202120210820The Department of Homeland Security announces an extension to its land and ferry border restrictions with Canada and Mexico through at least September 21, in order to minimize the spread of COVID-19, including the Delta variant. The latest extension comes after Canada said in July that it would start allowing in fully vaccinated U.S. visitors starting August 9 for non-essential travel.
2021?2021August?20210820August 20August 20, 202120210820California Alameda County Superior Court Judge Frank Roesch rules Proposition 22, a ballot measure defining Uber and Lyft drivers as independent contractors, as “unenforceable”, arguing several sections of the measure are unconstitutional under California state law.
2021?2021August?20210823August 23August 23, 202120210823The FDA gives full approval for the first COVID-19 vaccine for individuals 16 years of age and older, known as the Pfizer-BioNTech COVID-19 Vaccine and will now be marketed as Comirnaty.
2021?2021August?20210824August 24August 24, 202120210824California permitted 120,400 housing units (seasonally-adjusted annualized rate) in July 2021, 3.5 percent higher than the 116,300 units permitted in June 2021. Year-to-date, California has permitted nearly 121,400 units on average in 2021. Permits continued to be driven by single-family units, which totaled 65,800 in July, while multi-family totaled 54,600 units.
2021?2021August?20210824August 24August 24, 202120210824California secures Presidential major disaster declaration to support wildfire response and recovery efforts in the impacted communities in Lassen, Nevada, Placer, and Plumas counties.
2021?2021August?20210825August 25August 25, 202120210825Moderna completes its submission to the FDA for full approval of its COVID-19 vaccine for over 18 populations, while Pfizer and BioNTech announce they have begun submitting data for full FDA approval of a third dose of their vaccine.
2021?2021August?20210825August 25August 25, 202120210825California secures a Fire Management Assistance Grant (FMAG) from the Federal Emergency Management Agency (FEMA) to help ensure the availability of vital resources to suppress the French Fire in Kern County.
2021?2021August?20210826August 26August 26, 202120210826South Korea becomes the first developed economy in Asia to raise interest rates since the beginning of the pandemic.
2021?2021August?20210826August 26August 26, 202120210826U.S. real GDP growth in the second quarter of 2021 was revised up slightly to 6.6 percent (SAAR) in BEA’s second estimate, up from 6.5 percent in the first advance estimate. This followed real GDP growth of 6.3 percent (SAAR) in the first quarter of 2021 and an annual decline of 2.3 percent in 2020.
2021?2021August?20210826August 26August 26, 202120210826More than 100,000 people in the U.S. were in the hospital with COVID-19 on August 25, according to the Department of Health and Human Services, the highest number of COVID-19 patients in the hospital on any given day since January, before the vaccine was widely available.
2021?2021August?20210826August 26August 26, 202120210826A terrorist attack in Kabul, Afghanistan, kills 13 U.S. service members and at least 60 Afghan citizens.
2021?2021August?20210827August 27August 27, 202120210827The Supreme Court rejects the Biden administration’s latest moratorium on evictions, imposed on August 3, citing the CDC had exceeded its authority. California’s eviction moratorium remains in place through the end of September 2021.
2021?2021August?20210827August 27August 27, 202120210827Qualifying Californians begin receiving the second round of Golden State Stimulus payments.
2021?2021August?20210830August 30August 30, 202120210830Governor Gavin Newsom proclaims a state of emergency for Alpine, Amador, and Placer counties due to Caldor Fire.
2021?2021August?20210830August 30August 30, 202120210830As Caldor Fire raced toward the large freshwater lake of Lake Tahoe, which straddles California and Nevada, an evacuation order was issued in Douglas County, including the tourist resort city of South Lake Tahoe.
2021?2021August?20210831August 31August 31, 202120210831Governor Gavin Newsom signs SB26, which accelerates the implementation of the California’s Fair Pay to Play Act to take effect on September 1, 2021, ahead of the original January 2023 implementation date. SB 26 also expands the Fair Pay to Play Act to California Community Colleges.
2021?2021August?20210831August 31August 31, 202120210831The S&P 500 closes up for a seventh straight month, its longest monthly gain streak in four years. The S&P 500 closes at 4,523, up 2.9 percent from July 2021, with thirteen record-highs. The Dow Jones closes at 35,361, up 1.2 percent from July 2021, with six record-highs. The Nasdaq closes at 15,259, up 4 percent from July 2021, with six record-highs.
2021?2021August?20210831August 31August 31, 202120210831To date, 1,830,307 acres have burned in California in 2021 from 6,959 fire incidents, resulting in 2,826 structures damaged or destroyed. There have been zero confirmed fatalities.
2021?2021August?20210831August 31August 31, 202120210831The U.S. Drought Monitor reports that 95.56 percent of California is in severe drought at the end of August 2021, slightly up from 95.09 percent at end of July 2021, with a hundred percent of the state under at least abnormally dry conditions. In contrast, only 79.45 percent of the state was in severe drought and 31.88 percent was under at least abnormally dry conditions in August 2020.
2021?2021August?20210831August 31August 31, 202120210831To date, California has recorded close to 4.3 million COVID-19 cases, or 10.9 percent of the nation’s 39 million cases. California has recorded over 66,000 deaths from COVID-19, or 10.3 percent of the nation’s more than 647,000 deaths. The seven-day average of cases at the end of August was nearly11,000 cases for California and over 161,000 cases for the nation. This is up from a seven-day average of over 8,700 and 79,700 in California and the nation, respectively, at the end of July 2021.
2021?2021August?20210831August 31August 31, 202120210831To date, more than 374 million COVID-19 vaccine doses have been administered in the U.S., with about 52.6 percent of the population fully vaccinated and 62.1 percent having received at last one dose. To date, California has administered 46.5 million COVID-19 vaccines, with around 56.4 percent of the population fully vaccinated and 63.5 percent having received at least one dose.
2021?2021September?20210901September 01September 1, 202120210901The Los Angeles Community College District Board of Trustees votes to mandate vaccinations for all staff members, including those working remotely, and students attending in-person classes or using campus facilities at the district’s nine colleges.
2021?2021September?20210902September 02September 2, 202120210902California exports of goods rose by 11 percent year-over-year to $14.9 billion in July 2021 after falling by 0.6 percent year-over-year to $13.4 billion in July 2020. California imports of goods rose by 9.9 percent year-over-year to $40.1 billion in July 2021, the thirteenth consecutive month of year-over-year increase.
2021?2021September?20210902September 02September 2, 202120210902Berkeley becomes the second California city to require proof of vaccination for certain indoor activities, namely dining inside a restaurant or bar.
2021?2021September?20210903September 03September 3, 202120210903The official U.S. unemployment rate fell 0.2 percentage point to 5.2 percent in August 2021. Total U.S. nonfarm jobs rose by 235,000 in August, following an increase of 1.1 million (revised up) in July 2021. The U.S. has recovered 76.2 percent of the 22.4 million jobs lost in March and April 2020.
2021?2021September?20210904September 04September 4, 202120210904The extended federal unemployment benefit programs created under the CARES Act: Pandemic Unemployment Assistance (PUA), Pandemic Emergency Unemployment Compensation (PEUC), Pandemic Additional Compensation (PAC) and Mixed Earner Unemployment Compensation (MEUC) expire.
2021?2021September?20210904September 04September 4, 202120210904The U.S. surpasses 40 million COVID-19 cumulative cases, 11.3 percent of which are in California.
2021?2021September?20210905September 05September 5, 202120210905Cal Fire’s Amador-El Dorado Unit announces that evacuation orders placed August 30, 2021, for the South Lake Tahoe city limits as well as areas east of Highway 89 and north of the city up to Emerald Bay, due to the Caldor Fire, would be reduced to warnings as off 3 PM.
2021?2021September?20210906September 06September 6, 202120210906Sweden removes the U.S. from its list of “safe countries,” no longer permitting permanent residents of the U.S. to enter Sweden for non-urgent reasons, regardless of vaccination status.
2021?2021September?20210907September 07September 7, 202120210907El Salvador becomes the first country to adopt Bitcoin as national currency alongside the U.S. dollar.
2021?2021September?20210907September 07September 7, 202120210907As students return to classrooms, nearly 252,000 children in the U.S. have tested positive for COVID-19 in the last week alone, marking the largest increase of pediatric cases in a week since the pandemic began.
2021?2021September?20210909September 09September 9, 202120210909U.S. initial unemployment insurance claims dropped to 310,000 in the week ending September 4, the lowest since March 14, 2020.
2021?2021September?20210909September 09September 9, 202120210909President Joe Biden announces a new vaccine mandate on federal workers, large employers, and health care, impacting as many as 100 million Americans, or about two–thirds of the workforce.
2021?2021September?20210909September 09September 9, 202120210909The Board of the Los Angeles Unified School District, the country’s second-largest district, votes unanimously to require students 12 years and up to receive the COVID–19 vaccine by January 2022 in order to continue attending class in person.
2021?2021September?20210909September 09September 9, 202120210909Amazon offers to pay college tuition for more than 750,000 of its U.S. employees.
2021?2021September?20210914September 14September 14, 202120210914U.S. headline inflation decelerated slightly from 5.4 percent on a year-over-year basis in June and July to 5.3 percent in August. Headline inflation accelerated from 3.9 percent in July to 4 percent in August in Los Angeles whereas San Francisco inflation was 3.7 percent in August, following 3.2 percent in June.
2021?2021September?20210914September 14September 14, 202120210914Riverside County Sheriff Chad Bianco announces he will not require Sheriff’s Department employees or job applicants to be vaccinated against COVID-19 despite a state public health order mandating vaccinations or regular COVID-19 testing for those working in jails.
2021?2021September?20210915September 15September 15, 202120210915Governor Gavin Newsom wins the recall election with more than 60 percent support, with most of the vote counted.
2021?2021September?20210916September 16September 16, 202120210916U.S. retail sales increased 0.7 percent month-over-month in August 2021 on a seasonally adjusted annualized rate (SAAR) after falling by 1.8 percent (revised) in July 2021. Retail sales in August 2021 were 15.1 percent higher than in August 2020. Non-store retail sales in August 2021 were up 5.3 percent from July 2021 and up 7.5 percent from August 2020.
2021?2021September?20210916September 16September 16, 202120210916Median sales price of existing homes reached a new record-high of $827,940 in August 2021, up 2.1 percent from the July 2021 price of $811,170 and up 17.1 percent from $706,900 in August 2020.
2021?2021September?20210916September 16September 16, 202120210916Governor Gavin Newsom signs into law SB9, opening the door for the development of up to four residential units on single-family lots across California.
2021?2021September?20210916September 16September 16, 202120210916COVID-19 is officially the most deadly outbreak in recent American history with over 676,000 deaths, surpassing the estimated 650,000 U.S. fatalities from the 1918 influenza pandemic.
2021?2021September?20210917September 17September 17, 202120210917California’s unemployment rate fell by 0.1 percentage point to 7.5 percent in August 2021. California added 104,300 total nonfarm jobs in August, accounting for over two-fifths of the nation’s gain of 235,000 nonfarm jobs, more than double California’s historic nonfarm employment share of around 12 percent.
2021?2021September?20210920September 20September 20, 202120210920Pfizer Inc. and partner BioNTech announce that a smaller dose of their COVID-19 vaccine is safe and generates a "robust" immune response in kids between the ages of 5 and 11, based on their clinical trial.
2021?2021September?20210920September 20September 20, 202120210920President Joe Biden eases a series of COVID-19 related travel bans imposed by the previous administration and instead require all foreign nationals flying into the U.S. to show proof of vaccination.
2021?2021September?20210922September 22September 22, 202120210922San Francisco International Airport (SFO) becomes the first major U.S. airport to mandate COVID-19 vaccinations for all workers. Under the new mandate, SFO tenants and contractors must ensure that all of their on-site employees have received the vaccine. In August 2020, SFO also became the first U.S. airport to offer on-site rapid testing for the virus, and now administers tests to an average of 500 travelers a day.
2021?2021September?20210922September 22September 22, 202120210922The Food and Drug Administration (FDA) authorized Pfizer and BioNTech’s COVID-19 booster shots for people 65 years and older as well as vulnerable Americans who are18 years and older six months after they complete their first two doses.
2021?2021September?20210922September 22September 22, 202120210922At the conclusion of their two-day policy meeting, the Federal Open Market Committee (FOMC) announces that it kept the target range for interest rates between 0 percent and 0.25 percent while indicating an expected tapering later this year. The FOMC also signaled that the next rate increase will likely be in early 2023, compared to an anticipated increase later than 2023 signaled at their March 2021 meeting.
2021?2021September?20210922September 22September 22, 202120210922The Fawn Fire ignites five miles northeast of Shasta Lake, threatening more than 9,000 structures in Shasta County.
2021?2021September?20210923September 23September 23, 202120210923Personal income in California increased by 4.2 percent (SAAR) in the second quarter of 2021, following a decrease of 16 percent in the first quarter of 2021. U.S. personal income grew 1.1 percent (SAAR) in the second quarter of 2021, following growth of 16.1 percent in the first quarter of 2021. Revised annual data brought 2020 personal income growth up from 6.3 percent to 6.5 percent for the U.S. and up from 6.9 percent to 8.6 percent for California.
2021?2021September?20210923September 23September 23, 202120210923Governor Gavin Newsom signs AB 710 about two weeks after it was approved by state lawmakers, requiring warehouse companies to disclose any quotas or workplace-productivity measures it applies to workers in the state.
2021?2021September?20210924September 24September 24, 202120210924California residential housing units authorized by building permits totaled 123,000 on a seasonally adjusted annualized rate (SAAR) in August, up 2.5 percent from July. In August, single-family units were down 1.5 percent from July to 65,000 units, and multifamily units were up 3.6 percent from July to 57,000 units. California’s residential building valuation in August was $27.2 billion, down 6.7 percent from July.
2021?2021September?20210924September 24September 24, 202120210924California initial unemployment insurance claims rose to their highest level in five months to 75,800 in the week ended September 18.
2021?2021September?20210924September 24September 24, 202120210924Governor Gavin Newsom signs into law AB 170, a more than $15 billion package of legislation aimed at combating the impacts of climate crisis, including wildfires, in California.
2021?2021September?20210927September 27September 27, 202120210927U.S. District Federal Judge Jon S. Tigar in Oakland orders the state to come up with a plan in the next two weeks for mandatory COVID-19 vaccinations for prison guards, as well as inmates who work outside the prisons.
2021?2021September?20210927September 27September 27, 202120210927Governor Gavin Newsom signs into law AB 73, Farm Worker Wildfire Smoke Protections Act, which would designate agricultural workers as “essential workers” and allow them access to the California Department of Public Health’s (CDPH) stock of personal protective equipment, including masks.
2021?2021September?20210927September 27September 27, 202120210927President Joe Biden receives a COVID-19 booster shot, in accordance with the latest guidance from the Centers for Disease Control and Prevention (CDC), qualifying at 78 years old.
2021?2021September?20210927September 27September 27, 202120210927Governor Gavin Newsom signs into law AB37, which requires elections officials to mail every active registered voter in California a ballot for all future elections, making permanent a pandemic-era safety measure.
2021?2021September?20210928September 28September 28, 202120210928The Conference Board U.S. consumer confidence index falls to 109.3 in September 2021, a seven-month low, due to rising COVID-19 cases and heightened concerns about the economy's near-term prospects. This is down 5.9 points from 115.2 in August and 19.6 points the June 2021 index of 128.9.
2021?2021September?20210930September 30September 30, 202120210930California real GDP grew by 8.1 percent in the second quarter of 2021 (SAAR), following growth of 11.7 percent (revised up from 6.3 percent) in the first quarter of 2021. U.S. real GDP growth for the second quarter of 2021 was revised up 0.1 percentage point to 6.7 percent (SAAR) according to the Bureau of Economic Analysis (BEA)’s third and final estimate, following a growth of 6.3 percent in the first quarter of 2021.
2021?2021September?20210930September 30September 30, 202120210930After seven consecutive months of gains, the S&P 500 closes the month of September at 4,307 points, down 4.8 percent from its August close. The Dow Jones closes at 33,844 or 4.3 percent below its August close, while the Nasdaq closes at 14,449, 5.3 percent below its August close.
2021?2021September?20210930September 30September 30, 202120210930To date, U.S. Drought Monitor reports that 93.93 percent of California is in severe drought, slightly down from 95.56 percent at end of August 2021, with a hundred percent of the state under at least abnormally dry condition. In contrast, only 35.62 percent of the state was in severe drought and 84.65 percent was under at least abnormally dry condition in September 2020.
2021?2021September?20210930September 30September 30, 202120210930To date, over 398 million COVID-19 vaccine doses have been administered in the U.S., with about 55.8 percent of the population fully vaccinated and64.7 percent having received at last one dose. To date, California has administered over 49 million COVID-19 vaccines. About 59.6 percent of Californians have been fully vaccinated and 65.8 percent received at least one dose.
2021?2021September?20210930September 30September 30, 202120210930To date, California has recorded over 4.5 million COVID-19 cases, or 10.4 percent of the nation’s 43.4 million cases. California has recorded over 70,000 deaths from COVID-19, or 10 percent of the nation’s more than 702,000 deaths. The seven-day moving average cases for California at the end of September was just over 5,700 cases and over 109,000 cases for the nation, while the seven-day moving average COVID-19 deaths is 98 for California and 1,768 for the nation.
2021?2021October?20211001October 01October 1, 202120211001California real GDP grew by 8.1 percent in the second quarter of 2021 (seasonally adjusted annualized rate or SAAR), following growth of 11.7 percent (revised up from 6.3 percent) in the first quarter of 2021.
2021?2021October?20211001October 01October 1, 202120211001California becomes the first state in the nation to announce that the COVID-19 vaccine will be added to the list of required school vaccinations, to be required for in-person learning starting the term following FDA full approval of the vaccine for their grade span (7-12 and K-6).
2021?2021October?20211004October 04October 4, 202120211004Governor Gavin Newsom proclaims a state of emergency in Orange County to support the emergency response to the oil spill off the coast of Huntington Beach that originated in federal waters around October 2, the region’s largest oil spill in three decades.
2021?2021October?20211005October 05October 5, 202120211005California exports of goods rose by 13.8 percent year-over-year to $14.9 billion in August 2021 after falling by 12.4 percent year-over-year to $13.1 billion in August 2020. California imports of goods rose by 12.5 percent year-over-year to $41 billion in August 2021, the fourteenth consecutive month of year-over-year increase.
2021?2021October?20211005October 05October 5, 202120211005Governor Gavin Newsom signs legislation to strengthen the state unemployment insurance delivery system, enabling the Employment Development Department (EDD) to bolster fraud prevention and further protect claimants from identity theft.
2021?2021October?20211006October 06October 6, 202120211006Governor Gavin Newsom signs college affordability and accessibility legislation, with AB 928 and AB 111 making it easier for student to transfer to four year universities, and AB 1377 and SB 330 to improve housing affordability for students.
2021?2021October?20211007October 07October 7, 202120211007Tesla announces plans to move headquarters from Palo Alto, California to Texas. (Official December 1, 2021 with a U.S. Securities Exchange Commission filing with the Texas address).
2021?2021October?20211008October 08October 8, 202120211008The official U.S. unemployment rate fell 0.4 percentage point to 4.8 percent in September 2021. The U.S. added 194,000 total nonfarm jobs in September 2021 following a gain of 366,000 (revised) in August 2021. As of September 2021, the U.S. has recovered 77.8 percent of the 22.4 million jobs lost in March and April 2020.
2021?2021October?20211008October 08October 8, 202120211008Governor Gavin Newsom signs a suite of bills to increase K-12 student supports, expand broadband access to help bridge the digital divide, and expand educational opportunities for students to help build academic achievement and attainment, as part of the historic $123.9 billion K-12 package in the 2021-22 enacted budget.
2021?2021October?20211013October 13October 13, 202120211013President Joe Biden announces that an agreement has been reached with the nation’s two main ports, Los Angeles and Long Beach, to operate 24 hours 7 days a week to alleviate bottlenecks in maritime transport.
2021?2021October?20211014October 14October 14, 202120211014U.S. headline inflation accelerated slightly to 5.4 percent on a year-over-year basis in September 2021 from 5.3 percent in August. Los Angeles headline inflation increased to 4.6 percent in September 2021, following 4 percent in August.
2021?2021October?20211014October 14October 14, 202120211014President Joe Biden signs bill granting a short-term extension of the debt ceiling, raising the debt limit by $480 billion to cover debt financing needs through early December.
2021?2021October?20211015October 15October 15, 202120211015U.S. retail sales in September 2021 were up 0.7 percent from August 2021 and up 13.9 percent from September 2020. Non-store retail sales were up 0.6 percent from August 2021 and up 10.5 percent from a year ago.
2021?2021October?20211015October 15October 15, 202120211015The Biden administration announces plans to lift travel restrictions, first imposed in March 2020, for international travelers to the U.S. on November 8, 2021. The new policy will affect both air and land-border travelers, who will need to be fully vaccinated and show proof of a recent negative COVID test.
2021?2021October?20211018October 18October 18, 202120211018For the sixth month in a row, California statewide median price of existing single-family homes remained above $800,000 despite a decline from $827,940 in August to $808,890 in September 2021. The median price was down 2.3 percent from August 2021 but up 13.5 percent from September 2020.
2021?2021October?20211018October 18October 18, 202120211018California records driest water year (October 1, 2020 through September 30, 2021) since 1924, according to precipitation data from the Western Regional Climate Center. The California Department of Water Resources (DWR) reports the 2021 water year as the second driest on record based on low levels of both precipitation and water runoff.
2021?2021October?20211019October 19October 19, 202120211019Governor Gavin Newsom issues proclamation extending the drought emergency statewide and authorizes State Water Board to ban wasteful water uses.
2021?2021October?20211019October 19October 19, 202120211019California becomes the only state to reach the lower “moderate” level of COVID-19 community transmission based on data from the Centers for Disease Control and Prevention (CDC), one level above the lowest risk level.
2021?2021October?20211020October 20October 20, 202120211020The Food and Drug Administration (FDA) grants emergency use authorization for Moderna’s COVID-19 booster shots for people 65 years and older and vulnerable Americans 18 years and older, six months after they complete their first two doses. Johnson & Johnson receives approval for individuals 18 years and older at least two months after completion of the single-dose regimen. Every COVID-19 vaccine authorized in the U.S. now has a booster with FDA, allowing for a mix-and-match between vaccines and boosters.
2021?2021October?20211020October 20October 20, 202120211020Governor Gavin Newsom signs Executive Order to help tackle supply chain issues, directing state agencies to identify additional ways to alleviate congestion at California ports and to continue coordinating with the Biden-Harris Administration Supply Chain Disruptions Task Force to address state, national, and global supply chain challenges.
2021?2021October?20211022October 22October 22, 202120211022California’s unemployment rate remained unchanged at 7.5 percent in September 2021, 2.7 percentage points higher than the U.S. unemployment rate of 4.8 percent and 3.2 percentage points higher than the pre-pandemic rate of 4.3 percent in February 2020. California added 47,400 total nonfarm jobs in September 2021, accounting for nearly a quarter of the nation’s gain of 194,000 jobs.
2021?2021October?20211022October 22October 22, 202120211022Governor Gavin Newsom proclaims a state of emergency to support counties recovering from several wildfires, including the counties of Siskiyou and Trinity due to the River Complex Fire; Kern County due to the French Fire; Tuolumne County due to the Washington Fire; Mendocino County due to the Hopkins Fire; and Tulare County due to the Windy Fire and KNP Complex Fire.
2021?2021October?20211025October 25October 25, 202120211025Tesla Inc. joins a select group of publicly traded companies to reach a market value exceeding $1 trillion after its stock price more than doubled in the past year.
2021?2021October?20211026October 26October 26, 202120211026California permitted over 111,500 housing units (SAAR) in September 2021, down 9 percent form 122,600 units in August 2021, and down 6.9 percent from 119,800 units permitted in September 2020. This included 62,300 single-family units (down 4.3 percent from August 2021 and down 18.5 percent from September 2020) and 49,200 multi-family units (down 14.4 percent from August 2021 and up 13.5 percent from September 2020).
2021?2021October?20211027October 27October 27, 202120211027U.S. Small Business Administration (SBA) approves federal disaster assistance to support the business community impacted by the October 2 oil spill off the coast of Huntington Beach.
2021?2021October?20211028October 28October 28, 202120211028According to BEA’s initial estimate, U.S. real GDP growth slowed to 2 percent seasonally adjusted annual rate (SAAR) in the third quarter of 2021, the slowest growth since the second quarter of 2020, when GDP contracted by 31.2 percent.
2021?2021October?20211028October 28October 28, 202120211028Governor Gavin Newson and the U.S. Department of Transportation (U.S.DOT) announce a strategic partnership to help facilitate innovative projects and financing opportunities for multi-billion supply chain infrastructure improvements in California.
2021?2021October?20211029October 29October 29, 202120211029The Food and Drug Administration (FDA) authorizes Pfizer-BioNTech’s COVID-19 vaccine for emergency use in children aged 5 to 11.
2021?2021October?20211029October 29October 29, 202120211029The S&P 500 closes the month at 4,605, up 6.9 percent from the September close, setting five new record-highs over the month of October. The Dow Jones closes at 35,820 up 5.8 percent, setting four new record-highs. The Nasdaq closes at 15,498, up 7.3 percent, setting two record-highs.
2021?2021October?20211031October 31October 31, 202120211031To date, 2,495,889 acres have burned in California in 2021 from 8,239 fire incidents, 3,629 structures have been damaged or destroyed and there were 3 confirmed fatalities.
2021?2021October?20211031October 31October 31, 202120211031The U.S. Drought Monitor reports that 93.8 percent of California is in severe drought, slightly down from 93.9 percent at the end of September 2021, with a hundred percent of the state under at least abnormally dry conditions. In contrast, only 35.6 percent of the state was in severe drought and 84.6 percent was under at least abnormally dry conditions in October 2020.
2021?2021October?20211031October 31October 31, 202120211031To date, close to 426 million COVID-19 vaccine doses have been administered in the U.S., with 57.6 percent of the population fully vaccinated, 66.9 percent having received at last one dose. To date, California has administered over 52.5 million COVID-19 vaccines, around 67.5 percent of Californians having received at least one dose and 61.4 percent fully vaccinated.
2021?2021October?20211031October 31October 31, 202120211031To date, California has recorded close to 4.7 million COVID-19 cases, or 10.2 percent of the nation’s over 45.9 million cases. California has recorded over 72,500 deaths from COVID-19, or 9.7 percent of the nation’s more than 747,000 deaths. The seven-day moving average cases for California at the end of October was over 5,600 cases and over 71,300 cases for the nation, while the seven-day moving average for deaths is 57 for California and 1,189 for the nation at the end of October 2021.
2021?2021November?20211101November 01November 1, 202120211101According to Johns Hopkins University’s Coronavirus Resource Center’s estimate, the total number of COVID-19 cases in the United States surpassed 46 million, as the nationwide death toll reached 746,289.
2021?2021November?20211102November 02November 2, 202120211102The Centers for Disease Control and Prevention (CDC) endorses a recommendation for the use of Pfizer and BioNTech's COVID-19 vaccine among children ages 5 to 11 years, clearing the way for vaccination of the younger age group in the United States.
2021?2021November?20211103November 03November 3, 202120211103The Federal Open Market Committee (FOMC) announces that it will start reducing its asset purchases by $15 billion in November and expect to start raising interest rates by late 2022 or early 2023.
2021?2021November?20211104November 04November 4, 202120211104California exports of goods rose by 9.1 percent year-over-year to $13.9 billion in September 2021 after falling by 76.2 percent year-over-year to $12.8 billion in September 2020. This was the seventh consecutive month of year-over-year increase. California imports of goods rose by 15.6 percent year-over-year to $42.5 billion in September 2021, the fifteenth consecutive month of year-over-year increase.
2021?2021November?20211104November 04November 4, 202120211104The Occupational Safety and Health Administration (OSHA) of the U.S. Labor Department sets a January 4, 2022 deadline for companies with at least 100 employees to have their employees vaccinated or get tested for COVID-19 at least once a week.
2021?2021November?20211104November 04November 4, 202120211104United Kingdom health regulators clear the COVID-19 drug developed by Merck Pharmaceutical and Ridgeback Bio therapeutics, becoming the first country to authorize the pill that can be taken at home.
2021?2021November?20211105November 05November 5, 202120211105The official U.S. unemployment rate fell 0.2 percentage point to 4.6 percent in October 2021. Total nonfarm jobs rose by 531,000 in October 2021 following a gain of 312,000 (revised) in September 2021. So far, the U.S. has recovered 79.5 percent of the 22 million jobs lost in March and April 2020.
2021?2021November?20211108November 08November 8, 202120211108The United States ends a pandemic travel ban for fully vaccinated travelers that was instituted in March 2020, more than a year and a half.
2021?2021November?20211110November 10November 10, 202120211110U.S. headline inflation rose 6.2 percent on a year-over-year basis in October, its fastest pace since 1990, up 0.8 percentage point from 5.4 percent in September and an acceleration from an average rate of 5.3 percent in the previous five months. Los Angeles headline inflation accelerated from 4.6 percent in September to 5.4 percent in October, its fastest pace since 2008 and San Francisco headline inflation accelerated slightly from 3.7 percent in August to 3.8 percent in October, its fastest pace since 2008.
2021?2021November?20211111November 11November 11, 202120211111California Department of Public Health (CDPH) announces that all fully vaccinated adults who are 18 and older are eligible for a COVID-19 booster shot in California, provided that at least six months have passed after their second dose of the two-shot Pfizer or Moderna vaccine or two months have passed since their Johnson & Johnson shot.
2021?2021November?20211112November 12November 12, 202120211112The federal appeals court in New Orleans, a three-judge panel of the U.S. Court of Appeals for the 5th Circuit, halts the vaccine or testing requirement for private businesses set earlier this month by the U.S. Labor Department’s OSHA.
2021?2021November?20211112November 12November 12, 202120211112According to the U.S. Bureau of Labor Statistics’ (BLS) Job Openings and Labor Turnover Survey (JOLTS), a record 4.4 million Americans (3 percent of the nation’s workforce) quit their jobs in September 2021, eclipsing the previous record of 4.3 million set in August and nearly doubling the pre-pandemic February 2020 level, where 2.3 percent of the workforce quit their jobs
2021?2021November?20211115November 15November 15, 202120211115According to the American Automobile Association, California gas prices recorded two consecutive days of all-time highs, as the average price of a regular gallon rose to $4.682 on November 15, 2021, which was six-tenths of a cent higher than what it was a day before, and broke the previous state record of $4.671 set in October 2012.
2021?2021November?20211116November 16November 16, 202120211116U.S. retail sales in October 2021 were up 1.7 percent from September 2021 and up 16.3 percent from October 2020. Non-store retail sales were up 4 percent from September 2021 and up 10.2 percent from a year ago.
2021?2021November?20211116November 16November 16, 202120211116After six months at over $800,000, California’s statewide median price of existing single-family homes fell to under $800,000 for the first time since March 2021, declining by about $10,000 to $798,440 in October 2021. While this was down 1.3 percent from September 2021, California’s median home sales price was 12.3 percent higher than in October 2020
2021?2021November?20211119November 19November 19, 202120211119California’s unemployment rate fell by 0.2 percentage point to 7.3 percent in October 2021. California added 96,800 (seasonally adjusted) total nonfarm jobs in October 2021, accounting for over 18 percent of the nation’s gain of 531,000 nonfarm jobs, more than California’s historic nonfarm employment share of around 12 percent.
2021?2021November?20211119November 19November 19, 202120211119Vice President Kamala Harris, the nation’s first female, first Black and first South Asian Vice President, becomes the first woman with presidential power when she temporarily stepped into the acting role (for one hour and 25 minutes) as president Joe Biden was under anesthesia for a routine colonoscopy, according to the White House.
2021?2021November?20211119November 19November 19, 202120211119The Centers for Disease Control and Prevention (CDC) director Rochelle Walensky endorsed COVID-19 boosters for all adults at least six months after their second shot of the Pfizer or Moderna vaccine.
2021?2021November?20211123November 23November 23, 202120211123One of the world’s largest computer chip makers, Samsung, announces a plan to build a $17 billion semiconductor factory in Taylor, Texas, after considering locations in Arizona and New York.
2021?2021November?20211124November 24November 24, 202120211124California permitted 128,000 housing units at a seasonally-adjusted annualized rate (SAAR) in October 2021, 14.9 percent higher than the 112,000 units permitted in September 2021 and 26.8 percent higher than the 101,000 units in October 2020
2021?2021November?20211124November 24November 24, 202120211124U.S. real GDP growth in the third quarter of 2021 was revised up 0.1 percentage point to 2.1 percent (SAAR) according to BEA’s second estimate.
2021?2021November?20211126November 26November 26, 202120211126President Joe Biden announces a presidential action to suspend and restrict entry into the United States from Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, and Zimbabwe to limit spread of a COVID-19 variant, Omicron, following the World Health Organization’s (WHO) labeling of the variant as a concern.
2021?2021November?20211130November 30November 30, 202120211130The S&P 500 closes the month of November at 4,567, down 0.8 percent from the October close, but up 26.1 percent year-over-year from November 2020; and set seven new record highs over the month. The Dow Jones closes at 34,484, down 3.7 percent from October 202, but up 16.3 percent year-over-year from November 2020; and set five new record highs in the month. The NASDAQ closes at 15,538, up 0.3 percent from October 2021 and up 27.4 percent year-over-year from November 2020; and set eight record-highs in the month.
2021?2021November?20211130November 30November 30, 202120211130The U.S. Drought Monitor reports that 92.43 percent of California is in severe drought, slightly down from 93.81 percent at the end of October 2021, with a hundred percent of the state under at least abnormally dry conditions. In contrast, only 48.19 percent of the state was in severe drought and 96.50 percent was under at least abnormally dry conditions in November 2020.
2021?2021November?20211130November 30November 30, 202120211130To date, close to 473 million COVID-19 vaccine doses have been administered in the U.S., with 65.6 percent of the population fully vaccinated and 77.0 percent having received at last one dose. To date, California has administered close to 59 million COVID-19 vaccines, with around 69.6 percent of Californians having received at least one dose and 77.4 percent being fully vaccinated.
2021?2021November?20211130November 30November 30, 202120211130To date, California has recorded over 4.8 million COVID-19 cases, or 10.9 percent of the nation’s nearly 45 million cases. California has recorded over 75,000 deaths from COVID-19, or 10.6 percent of the nation’s more than 715,000 deaths. The seven-day moving average cases at the end of November was over 5,000 for California and over 76,000 for the nation, while the seven-day moving average deaths from COVID-19 is 61 for California and 763 for the nation at the end of November 2021.
2021?2021December?20211201December 01December 1, 202120211201The first case of COVID-19 attributed to the Omicron variant is detected in the United States.
2021?2021December?20211203December 03December 3, 202120211203The official U.S. unemployment rate fell 0.4 percentage point to 4.2 percent in November 2021. Total nonfarm jobs rose by 210,000 in November 2021 following a gain of 546,000 (revised) in October 2021. So far, the U.S. has recovered 82.5 percent of the 22 million jobs lost in March and April 2020.
2021?2021December?20211207December 07December 7, 202120211207California exports of goods rose for the eighth consecutive month, increasing 8.4 percent year-over-year to $15.9 billion in October 2021 after falling by 5.0 percent year-over-year to $14.6 billion in October 2020. California imports of goods rose by 7.0 percent year-over-year to $42.1 billion in October 2021, the sixteenth consecutive month of year-over-year increase.
2021?2021December?20211207December 07December 7, 202120211207U.S. labor productivity, a measure of output per hour worked in the nonfarm business sector, declined at a 5.2 percent seasonally adjusted annual rate (SAAR) from the second quarter of 2021 to the third. This was the largest decline in quarterly growth rate since the second quarter of 1960.
2021?2021December?20211207December 07December 7, 202120211207New York City mayor Bill De Blasio announces a ‘first in the nation’ vaccine mandate for private companies, impacting 184,000 businesses and expected to take effect on December 27, 2021.
2021?2021December?20211209December 09December 9, 202120211209Weekly jobless claims totaled 184,000 for the week ended December 4, the lowest level in more than 52 years, going back to September 6, 1969.
2021?2021December?20211210December 10December 10, 202120211210U.S. headline inflation rose by 6.8 percent on a year-over-year basis in November, its fastest pace since 1982, and an acceleration from 6.2 percent in October. Headline inflation in the Los Angeles, Riverside, and San Diego metropolitan areas accelerated to historic-high rates in November, at 6.0 percent, 7.9 percent, and 6.6 percent respectively. California headline inflation accelerated from 4.7 percent in August to 5.6 percent in October.
2021?2021December?20211213December 13December 13, 202120211213California Health and Human Services Agency announces a statewide mask mandate for indoor public places regardless of vaccination status that goes into effect December 15, 2021 and will remain in place until January 15, 2022.
2021?2021December?20211214December 14December 14, 202120211214The first COVID-19 vaccine was administered in the U.S. one year ago on December 14, 2020, and so far 62 million doses have been administered in California. This is12.4 percent of the nearly 500 million doses administered in the nation.
2021?2021December?20211215December 15December 15, 202120211215U.S. retail sales in November 2021 were up 0.3 percent from October 2021 and up 18.2 percent from November 2020. Non-store retail sales in November 2021 were unchanged from October 2021 but up 12.1 percent from a year ago.
2021?2021December?20211216December 16December 16, 202120211216The median sales price of existing single family homes was $782,480 in November 2021, down 2.0 percent from October’s price of $798,440 but up 11.9 percent from November 2020 price of $698,980. This was the third consecutive month-over-month decline in the median price of existing single family homes.
2021?2021December?20211216December 16December 16, 202120211216Governor Gavin Newsom signs an executive order that temporarily allows corporate shareholder meetings to be held virtually during emergencies. The order also authorizes an extension of the COVID-19 Emergency Temporary Standards (ETS) that instituted safety requirements to protect workers in the.
2021?2021December?20211216December 16December 16, 202120211216Production at U.S. factories increased to its highest level in nearly three years in November as output rose across the board. Following a 1.4 percent increase in October, the manufacturing output index climbed 0.7 percent in November to 100.6, the highest level since January 2019.
2021?2021December?20211216December 16December 16, 202120211216– U.S. housing starts increased to an eight-month high in November 2021, growing 11.8 percent to a seasonally adjusted annual rate of 1.679 million units, the highest level since March 2021.
2021?2021December?20211217December 17December 17, 202120211217California’s unemployment rate fell by 0.4 percentage point to 6.9 percent in November 2021. California added 45,700 total nonfarm jobs in November 2021, accounting for over one-fifth of the nation’s gain of 210,000 nonfarm jobs, well above California’s historic nonfarm employment share of around 12 percent.
2021?2021December?20211217December 17December 17, 202120211217Governor Gavin Newsom announces a public safety plan to prevent crime in California. This includes plans to bolster local law enforcement response (including $255 million in grants for local law enforcement over three years), $30 million in grants for local prosecutors over three years, and plan to create a statewide gun buyback programs.
2021?2021December?20211217December 17December 17, 202120211217California’s third quarter 2021 personal income was up by 3.4 percent from a year ago and up by 2.8 percent quarter-over-quarter (SAAR). By comparison, U.S. personal income was up 5.2 percent from a year ago and up 2.6 percent quarter-over-quarter (SAAR).
2021?2021December?20211217December 17December 17, 202120211217The Federal Open Market Committee (FOMC) announces plans to speed up the tapering of its asset-purchase program starting this month and kept the target range for the Federal Funds rate between 0 and 0.25 percent
2021?2021December?20211217December 17December 17, 202120211217Personal income in California increased by 3.4 percent (SAAR) in the third quarter of 2021, following an increase of 4.5 percent in the second quarter of 2021. U.S. personal income grew 5.2 percent (SAAR) in the third quarter of 2021, following growth of 1.6 percent in the second quarter of 2021.
2021?2021December?20211220December 20December 20, 202120211220According to the U.S. Center for Disease Control and Prevention (CDC), the Omicron variant became the dominant variant of the COVID-19 virus in the U.S., accounting for 73 percent of new infections for the week ended December 17, 2021.
2021?2021December?20211220December 20December 20, 202120211220Governor Gavin Newsom announces that California’s plan to provide $1 billion in mortgage relief grants to homeowners who have fallen behind on housing payments or reverse mortgage arrearages during the COVID-19 pandemic has been approved by the U.S. Department of the Treasury.
2021?2021December?20211221December 21December 21, 202120211221According to data from the U.S. Census Bureau, the U.S. population grew by only 0.1 percent in 2021, the slowest rate since the nation was founded in the 18th century.
2021?2021December?20211222December 22December 22, 202120211222U.S. real GDP growth decelerated from 6.7 percent (SAAR) in the second quarter to 2.3 percent (revised up from 2.1 percent) in the third quarter as growth slowed in 49 states, including 13 states whose real GDP fell. Delaware was the only state to experience accelerated growth in the third quarter of 2021.
2021?2021December?20211222December 22December 22, 202120211222President Joe Biden extends the pause on student loan payments by 90-days to May 1, 2022.
2021?2021December?20211222December 22December 22, 202120211222Washington, D.C. imposes a vaccine requirement for indoor activities that will also apply to all K-12 students, including those who attend charter, private and parochial schools, making it the first major city to impose a vaccine mandate on students.
2021?2021December?20211222December 22December 22, 202120211222Governor Gavin Newsom announces new booster requirements and testing measures to better protect all Californians as the Omicron variant becomes the dominant COVID-19 strain in the nation.
2021?2021December?20211223December 23December 23, 202120211223All evacuation advisories are lifted in the Twain Harte area of Tuolumne County, after cracks were found near a small dam.
2021?2021December?20211223December 23December 23, 202120211223The U.S. Food and Drug Administration (FDA) authorizes the antiviral pill, molnupiravir, to treat COVID-19 for adults with mild-to-moderate COVID-19 disease with positive results of direct SARS-CoV-2 viral testing, and who are at high risk for progression to severe COVID-19 (including hospitalization or death) and for whom alternative COVID-19 treatment options authorized by the FDA are not accessible or clinically appropriate.
2021?2021December?20211223December 23December 23, 202120211223California real GDP growth slowed to 2.9 percent in the third quarter of 2021 (SAAR), following 8.1 percent in the second quarter 2021. California real GDP recovered to pre-pandemic (fourth quarter of 2019) levels in the first quarter of 2021.
2021?2021December?20211223December 23December 23, 202120211223California permitted 118,000 housing units (SAAR) in November 2021, 8 percent below the 128,000 units permitted in October 2021 but 4.3 percent higher than the 113,000 units permitted in the same month of 2020.
2021?2021December?20211227December 27December 27, 202120211227California Department of Public Health (CDPH) announces that California health care workers are required to get a booster shot of the COVID-19 vaccine by February 1, 2022
2021?2021December?20211230December 30December 30, 202120211230U.S. weekly jobless claims declined to 198,000 for the week ending December 25, 2021; taking the four-week moving average for claims to 199,250, the lowest level since October 25, 1969.
2021?2021December?20211231December 31December 31, 202120211231The S&P 500 closed the month of December at 4,766, up 4.4 percent from the November close and 26.9 percent year-over-year from December 2020, and set four new record-highs over the month. The Dow Jones closed at 36,338, up 5.4 percent from November and 18.7 percent year-over-year from December 2020, and set one new record high in the month. The Nasdaq closed at 15645, up 0.7 percent from November and 21.4 percent year-over-year from December 2020, but did not record a new high.
2021?2021December?20211231December 31December 31, 202120211231For the year, the S&P 500 increased by 26.9 percent, following growth of 16.3 percent in 2020 and 28.9 percent in 2019. The S&P 500 has now enjoyed three consecutive years of double-digit growth, despite experiencing the deepest recession since the Great Depression from February 2020 to April 2020.
2021?2021December?20211231December 31December 31, 202120211231In 2021, 2,568,948 acres burned in California from 8,835 fire incidents, 629 structures were damaged or destroyed, and there were three confirmed fatalities
2021?2021December?20211231December 31December 31, 202120211231The U.S. Drought Monitor reports that 86.28 percent of California is in severe drought, down from 92.43 percent at the end of November 2021, with the entire state under at least abnormally dry conditions. In contrast, in December 2020 the whole state was also under at least abnormally dry conditions but only 74.34 percent of the state was in severe drought.
2021?2021December?20211231December 31December 31, 202120211231The U.S. has administered over 514 million COVID-19 vaccine doses in 2021, taking the total vaccine doses administered in the nation close to 520 million, with 62.9 percent of the population fully vaccinated and 73.5 percent having received at last one dose. California has administered over 64 million COVID-19 vaccine does in 2021 and close to 65 million to date, with 66.5 percent of Californians having received at least one dose and 74 percent fully vaccinated.
2021?2021December?20211231December 31December 31, 202120211231California has recorded over 3.1 million COVID-19 cases in 2021, bringing the cumulative case to over 5.6 million to date, which is 10.6 percent of the nation’s nearly 53 million cumulative cases to date. California has recorded about 44,000 deaths from COVID-19 in 2021 and 78,000 deaths to date, or 9.8 percent of the nation’s roughly 796,000 deaths to date. At the end of December, the seven-day moving averages were over 63,000 cases for the state and over 387,000 cases for the nation, and 69 deaths for California and over 1,000 for the nation.
2020?2020January?20200101January - OngoingJanuary 2020 - Ongoing20200101A coronavirus outbreak that originated in Wuhan, China has spread to several countries including the United States. On January 30, the World Health Organization declared the coronavirus outbreak a global public health emergency.
2020?2020January?20200101January 01January 1, 202020200101California statewide minimum wage increases from $12.00 to $13.00 per hour for employers with 26 or more employees. The hourly minimum wage increases in the following California cities: Belmont, from $13.00 to $15.00 Cupertino, from $15.00 to $15.35 El Cerrito, from $15.00 to $15.37 Los Altos, from $15.00 to $15.40 Mountain View, from $15.65 to $16.05 Oakland, from $13.80 to $14.14 Palo Alto, from $15.00 to $15.40 Redwood, from $13.50 to $15.38 San Diego, from $12.00 to $13.00 San Jose, from $15.00 to $15.25 San Mateo, from $15.00 to $15.38 Santa Clara, from $15.00 to $15.40 Sunnyvale, from $15.65 to $16.05
2020?2020January?20200101January 01January 1, 202020200101California’s flexible-work legislation (AB 5), which was signed into law on September 18, 2019, takes effect on January 1, 2020.
2020?2020January?20200101January 01January 1, 202020200101New homes built in California beginning January 1, 2020 must be equipped with a solar power system.
2020?2020January?20200101January 01January 1, 202020200101The California Tenant Protection Act (AB 1482) capping rent increases statewide for qualifying units at either 5 percent plus the increase in the regional CPI, or 10 percent of the lowest rent charged at any time during the 12 months prior to the increase, whichever is less, goes into effect.
2020?2020January?20200101January 01January 1, 202020200101The California Consumer Privacy Act takes effect, giving internet users in California more control over their data.
2020?2020January?20200102January 02January 2, 202020200102A U.S. drone strike in Baghdad kills Qasem Soleimani, an Iranian major general. On January 3, the WTI crude oil price closed up 2.2 percent for the week at $63.05, the highest level since the September 2019 attack on Saudi’s oil facilities.
2020?2020January?20200114January 14January 14, 202020200114Headline consumer inflation in 2019 was 1.8 percent in the U.S. and 3.0 percent in California. Core consumer inflation, which excludes food and energy, was 2.2 percent in the U.S. and 3.0 percent in California in 2019.
2020?2020January?20200115January 15January 15, 202020200115President Trump and Chinese Vice Premier Liu He sign "Phase 1" of a new trade deal in which the U.S. will cut some of the tariffs imposed on Chinese goods in exchange for China’s pledge to purchase more American products. Both sides also agree to not impose new tariffs.
2020?2020January?20200116January 16January 16, 202020200116Alphabet Inc., Google’s parent company, hits $1 trillion market capitalization for first time, making it the fourth U.S. company to hit the milestone after Apple, Amazon, and Microsoft.
2020?2020January?20200117January 17January 17, 202020200117California statewide median home price in 2019 was $592,450, up 4.0 percent from $569,480 in 2018. The U.S. median home price in 2019 was $274,500, up 4.9 percent from $261,600 in 2018.
2020?2020January?20200121January 21January 21, 202020200121China's economy grew by 6.1 percent in 2019, its slowest pace in 30 years.
2020?2020January?20200122January 22January 22, 202020200122California labor unions gained 99,000 members in 2019—the biggest gain in 7 years—after losing 146,000 members in the previous two years. In contrast, labor union membership total for the rest of the nation fell 269,000 in 2019 after gaining 335,000 in the previous two years.
2020?2020January?20200127January 27January 27, 202020200127The U.S. Supreme Court allows the U.S. Department of Homeland Security to begin enforcing the so-called public charge rule that would restrict immigrants who have received public benefits, such as Medicaid, food stamps, and housing vouchers for more than a total of twelve months within any 36-month period, from attaining lawful permanent resident status.
2020?2020January?20200129January 29January 29, 202020200129The Federal Reserve’s Open Market Committee leaves the federal funds rate steady in a target range of 1.5–1.75 percent.
2020?2020January?20200129January 29January 29, 202020200129President Trump signs into law the U.S.-Mexico-Canada Agreement, or USMCA, to replace NAFTA, following Congressional approval. Compared to NAFTA, the USMCA gives the U.S. more access to Canada's dairy market, incentivizes more domestic production of cars and trucks, increases environmental and labor regulations, and introduces updated intellectual property protections.
2020?2020January?20200130January 30January 30, 202020200130Life expectancy in the United States rises from 78.6 years in 2017 to 78.7 years 2018, the first increase in four years. The number of deaths from drug overdoses fell by 4.1 percent in 2018, the first decline in decades.
2020?2020January?20200131January 31January 31, 202020200131The United Kingdom formally withdraws from the European Union (Brexit) after more than forty years of membership.
2020?2020February?20200201February 01February 1, 202020200201The World Health Organization says there are more than 10,000 confirmed coronavirus cases worldwide.
2020?2020February?20200205February 05February 5, 202020200205U.S. Senate acquits President Trump of two articles of impeachment—abuse of power and obstruction of Congress—as historic trial closes.
2020?2020February?20200205February 05February 5, 202020200205Exports of goods from the U.S. fell 1.2 percent from 2018 to 1.65 trillion in 2019 while exports of goods from California dropped 2.7 percent from 2018 to $173.3 billion in 2019. Imports of goods entering the U.S. fell 1.7 percent from 2018 to $2.50 trillion in 2019 while imports of goods entering through California ports declined by 7.5 percent from 2018 to $408.1 billion in 2019.
2020?2020February?20200206February 06February 6, 202020200206The World Health Organization says there are more than 25,000 confirmed coronavirus cases worldwide.
2020?2020February?20200209February 09February 9, 202020200209Coronavirus death toll of 908 people surpasses SARS (2003) death toll of 774 people.
2020?2020February?20200211February 11February 11, 202020200211The World Health Organization names the coronavirus COVID-19.
2020?2020February?20200211February 11February 11, 202020200211Air Italy declares bankruptcy.
2020?2020February?20200211February 11February 11, 202020200211Credit card debt in the U.S. hit a record high of $930 billion in the fourth quarter of 2019, surpassing the $870 billion peak just before the 2008 financial crisis.
2020?2020February?20200214February 14February 14, 202020200214California adopts first air pollution measures targeting local emissions in the Central Valley communities of South Central Fresno and Shafter.
2020?2020February?20200215February 15February 15, 202020200215The World Health Organization says there are more than 50,000 confirmed coronavirus cases worldwide.
2020?2020February?20200218February 18February 18, 202020200218Employees at Kickstarter vote to unionize, becoming the first major technology company to vote in favor of labor union representation.
2020?2020February?20200219February 19February 19, 202020200219The World Health Organization says there are more than 75,000 confirmed coronavirus cases worldwide.
2020?2020February?20200221February 21February 21, 202020200221California Governor Gavin Newsom announces the creation of his Council of Economic Advisors.
2020?2020February?20200225February 25February 25, 202020200225Mexico’s economy contracted by 0.1 percent in 2019 due to a 1.8-percent drop in industrial production and in spite of growth in the agricultural and services sectors of 1.9 percent and 0.4 percent, respectively.
2020?2020February?20200225February 25February 25, 202020200225U.S. consumer confidence improved slightly in February, following an increase in January, as measured by the Conference Board’s Consumer Confidence Index which came in at 130.7 for February, up from 130.4 in January.
2020?2020February?20200225February 25February 25, 202020200225Chinese officials issue an immediate and comprehensive ban on all wildlife trade and consumption in China.
2020?2020February?20200225February 25 - 26February 25 - 26, 202020200225Fire at the Marathon Petroleum refinery in Carson, California.
2020?2020February?20200226February 26February 26, 202020200226The CDC confirms that a California patient being treated for the coronavirus is the first U.S. case of unknown origin, a possible sign the coronavirus is spreading in a U.S. community.
2020?2020February?20200227February 27February 27, 202020200227The World Health Organization says there are more than 82,000 confirmed coronavirus cases worldwide.
2020?2020February?20200227February 27February 27, 202020200227Prime Minister Shinzo Abe announces that all elementary, middle, and high schools in Japan will remain closed in March over coronavirus concerns.
2020?2020February?20200227February 27February 27, 202020200227U.S. real GDP grew at an annual rate of 2.1 percent in the fourth quarter 2019, following growth of 2.1 percent in the third quarter, 2.0 percent in the second quarter and 3.1 percent in the first quarter of 2019.
2020?2020February?20200228February 28February 28, 202020200228The Dow Jones and S&P 500 fall for the seventh consecutive trading day driven by fears of global economic damage from the spreading coronavirus. Cumulative losses since February 19, 2020: the Dow Jones industrial average lost 3,939 points, or -13.4 percent, to close at 25,409; the S&P 500 lost 432 points, or -12.8 percent, to close at 2,954; and the Nasdaq lost 1,250 points, or -12.7 percent to close at 8,567.
2020?2020February?20200201February 01February 1, 202020200201Washington state health officials announce the first coronavirus death in the United States.
2020?2020February?20200201February 01February 1, 202020200201As of February 29, there are more than 85,000 coronavirus cases and more than 2,900 coronavirus deaths worldwide: China, 79,394 cases and 2,838 deaths; Countries outside of China, 6,009 cases and 86 deaths; United States, 22 cases and 1 death.
2020?2020February?20200201February 01February 1, 202020200201The United States signs a deal with the Taliban that is aimed at ending America’s longest war, fought in Afghanistan since 2001. The agreement lays out a timetable for the gradual withdrawal of U.S. troops from Afghanistan.
2020?2020March?20200303March 03March 3, 202020200303The Federal Reserve holds an unscheduled emergency meeting during which it cuts the federal funds rate target by half a percentage point to a range of 1 percent to 1.25 percent in response to the potential economic impact of the COVID-19 pandemic.
2020?2020March?20200303March 03March 3, 202020200303The yield on the 10-year Treasury note momentarily fell below 1 percent for the first time in history.
2020?2020March?20200304March 04March 4, 202020200304California state health officials announce its first COVID-19 death and 53 confirmed cases. California Governor Gavin Newsom declares a state of emergency to make additional resources available, formalize emergency actions already underway across multiple state agencies and departments, and help the state prepare for the potential broader spread of COVID-19.
2020?2020March?20200305March 05March 5, 202020200305Mortgage rates in the United States fall to a record low during the week ending March 5 with the 30-year fixed-rate mortgage at 3.29 percent and the 15-year fixed-rate mortgage at 2.79 percent.
2020?2020March?20200306March 06March 6, 202020200306President Trump signs $8.3 billion emergency COVID-19 spending package.
2020?2020March?20200306March 06March 6, 202020200306Oil futures drop by more than 7 percent as the OPEC and Russia fail to agree on oil production cuts and both Saudi Arabia and Russia announce increases in oil production.
2020?2020March?20200306March 06March 6, 202020200306Exports of goods from the U.S. fell 1.2 percent to $1.65 trillion while exports of goods through California ports dropped 2.7 percent to $173.3 billion in 2019. Imports of goods to the U.S. fell 1.7 percent to $2.5 trillion while imports of goods through California ports dropped 7.5 percent to $408.1 billion in 2019.
2020?2020March?20200308March 08March 8, 202020200308The WTI crude oil price drops 24.6 percent to $31.13 per barrel while Brent crude oil price falls 24.1 percent to $34.36 per barrel, both posting the largest one-day declines since 1991 and lowest levels since 2016.
2020?2020March?20200309March 09March 9, 202020200309The New York Stock Exchange temporarily halts trading the morning of March 9 after stock prices fell sharply, reacting to news that Saudi Arabia would remove oil production caps instituted under OPEC.
2020?2020March?20200311March 11March 11, 202020200311The World Health Organization declares COVID-19 a global pandemic.
2020?2020March?20200311March 11March 11, 202020200311The Dow Jones enters a bear market closing at 23,553 points, down 20.3 percent from its peak in February 12, 2020, ending an 11-year bull market run.
2020?2020March?20200311March 11March 11, 202020200311T-Mobile announces plan to provide free internet service for low-income customers and reduced-cost plans for five years under a settlement the company reached with California that ends a lawsuit the state filed to block the company’s merger with Sprint.
2020?2020March?20200312March 12March 12, 202020200312Both the S&P 500 and Nasdaq enter a bear market. The S&P 500 closes at 2,481 points, down 26.7 percent from its peak on February 19, 2020. The Nasdaq closes at 7,202 points, down 26.6 percent from its peak on February 19, 2020.
2020?2020March?20200313March 13March 13, 202020200313President Trump declares COVID-19 a national emergency.
2020?2020March?20200313March 13March 13, 202020200313The latest benchmark revision to the California labor market statistics shows sustained labor force growth in 2019 at 0.6 percent and a more moderate nonfarm job growth in 2019 of 1.5 percent, compared to the initial estimate of 1.7 percent.
2020?2020March?20200315March 15March 15, 202020200315During the second unscheduled emergency meeting within ten days, the Federal Reserve cuts the federal funds rate target by a full percentage point to a range of 0 percent to 0.25 percent, announces a $700 billion quantitative easing program, sets reserve requirements for thousands of banks to zero, and lowers other lending rates in response to the economic impact of the COVID-19 pandemic.
2020?2020March?20200316March 16March 16, 202020200316President Trump announces 15-day social distancing guidelines to slow the spread of COVID-19
2020?2020March?20200316March 16March 16, 202020200316California Governor Gavin Newsom issues an executive order that authorizes local governments to halt evictions for renters and homeowners, slows foreclosures, and protects against utility shutoffs for Californians affected by COVID-19.
2020?2020March?20200316March 16March 16, 202020200316Bay Area officials issue a stay-at-home order that requires residents of the counties of Alameda, Contra Costa, Marin, San Francisco, San Mateo, and Santa Clara to stay at home, except for essential work and needs, due to COVID-19, becoming the first region in the nation to do so.
2020?2020March?20200317March 17March 17, 202020200317The Federal Reserve reestablishes its Commercial Paper Funding Facility with up to $1 trillion for short-term corporate bonds.
2020?2020March?20200317March 17March 17, 202020200317California Governor Gavin Newsom signs emergency legislation providing up to $1.1 billion in funding to help California fight COVID-19.
2020?2020March?20200319March 19March 19, 202020200319To improve liquidity conditions and proper functioning of dollar markets globally during the COVID-19 pandemic, the U.S. Federal Reserve establishes temporary foreign exchange swap arrangements with the central banks of Australia, Brazil, South Korea, Mexico, Singapore, Sweden, Denmark, Norway, and New Zealand, in addition to its standing swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. To improve liquidity in the short-term funding markets, the Federal Reserve also establishes an additional lending facility for money market mutual funds.
2020?2020March?20200319March 19March 19, 202020200319California Governor Gavin Newsom issues a statewide stay-at-home order to protect the health and well-being of all Californians and to establish consistency across the state in order to slow the spread of COVID-19, the first state to issue a statewide directive. The order exempts activity needed to maintain continuity of operation of federal critical infrastructure sectors, critical government services, schools, childcare, and construction, including housing construction. The order also allows Californians to continue to visit gas stations, pharmacies, grocery stores, farmers markets, food banks, convenience stores, takeout and delivery restaurants, banks, and laundromats, and to seek health care or care for a relative or friend outside of their homes.
2020?2020March?20200320March 20March 20, 202020200320The Federal Reserve announces that it would expand its asset purchases to include municipal bonds.
2020?2020March?20200322March 22March 22, 202020200322California secures Presidential Major Disaster Declaration to bolster California’s COVID-19 emergency response efforts.
2020?2020March?20200323March 23March 23, 202020200323The New York Stock Exchange temporarily closes its trading floor and switches to all-electronic trading.
2020?2020March?20200324March 24March 24, 202020200324Personal income in California grew by 4.8 percent in 2019 following a 6.1-percent growth in 2018. The U.S. growth rate was 4.4 percent in 2019 following a 5.6-percent growth in 2018.
2020?2020March?20200326March 26March 26, 202020200326On this day, the United States surpasses China to lead the world with 65,273 COVID-19 cases and 938 deaths.
2020?2020March?20200326March 26March 26, 202020200326U.S. real GDP grew at an annual rate of 2.1 percent in the fourth quarter 2019, following a growth of 2.1 percent in the third quarter, 2.0 percent in the second quarter and 3.1 percent in the first quarter of 2019. U.S. real GDP growth for annual 2019 was 2.3 percent, following a growth of 2.9 percent in 2018.
2020?2020March?20200327March 27March 27, 202020200327President Trump signs the Coronavirus Aid, Relief, and Economic Security (CARES) act, a $2.2 trillion rescue package to provide economic assistance and emergency health care response for individuals, families, and businesses affected by the COVID-19 pandemic. The package also provides assistance for state and local governments. Key provisions include:

1. $300 billion in direct payments of $1,200 or less, per person, depending on income level. Families could also receive payments of $500 per child.
2. $260 billion to scale up the unemployment insurance program, expanding coverage to four months and raising the weekly benefit by $600. It would also cover nontraditional workers, including the self-employed, contract workers, and those working in the gig economy.
3. $500 billion in loans and other money for major industries, such as airlines.
4. $349 billion for the Paycheck Protection Program to help small businesses cover their payroll, utilities, rent, and mortgage interest payments with forgivable loans.
5. $100 billion to hospitals responding to COVID-19 to boost equipment and treatment.
2020?2020March?20200328March 28March 28, 202020200328Initial jobless claims in California peaked at 1,058,221 in the week ending March 28, the highest number of weekly initial claims on record for the state and comprising 17.6 percent of the U.S. initial jobless claims of 6,011,342.
2020?2020March?20200331March 31March 31, 202020200331The U.S. Environmental Protection Agency rolls back the nation’s fuel economy standards for model years 2021-2026 passenger cars and light trucks.
2020?2020March?20200331March 31March 31, 202020200331The Dow Jones closes at 21,917 points, down 13.7 percent from the prior month. The S&P 500 closes at 2,585 points, down 12.5 percent from the prior month. The Nasdaq closes at 7,700 points, down 10.1 percent from the prior month.
2020?2020April?20200401April 01April 1, 202020200401Sales tax increases citywide in 14 California cities and countywide in San Mateo county.
2020?2020April?20200403April 03April 3, 202020200403California issues 24 hydraulic fracturing permits authorizing the first new oil wells in the state since July 2019.
2020?2020April?20200412April 12April 12, 202020200412OPEC, Russia, and other major oil producing nations agree to reduce oil output by 9.7 million barrels a day in May and June, or about 10 percent of global supply. However, demand for oil is down about 35 percent since the start of the COVID-19 pandemic.
2020?2020April?20200413April 13April 13, 202020200413California, Oregon, and Washington form the Western States Pact for a shared vison for reopening their respective economies while containing COVID-19 in the future.
2020?2020April?20200414April 14April 14, 202020200414President Trump announces that the U.S. will suspend funding for the World Health Organization, pending a review of the organization’s actions in response to the coronavirus.
2020?2020April?20200416April 16April 16, 202020200416The Small Business Administration announces the $349 billion allocated for Paycheck Protection Program loans by the CARES act has been fully exhausted, suspending the program.
2020?2020April?20200420April 20April 20, 202020200420Crude oil prices drop into negative territory for the first time in history. The U.S. benchmark West Texas Intermediate (WTI) for May closes at a negative -$37.63 per barrel as rising stockpiles of oil threatened to overwhelm storage facilities.
2020?2020April?20200424April 24April 24, 202020200424COVID-19 deaths reach 50,000 in the United States, comprising more than one-fourth of the 190,000 COVID-19 deaths globally.
2020?2020April?20200424April 24April 24, 202020200424President Trump signs a $484 billion interim COVID-19 relief bill. Key provisions include:

1. $310 billion in additional funding for the Paycheck Protection Program, $60 billion of which is reserved for community banks and small lenders.
2. $75 billion for hospitals.
3. $25 billion to support COVID-19 testing efforts.
4. $60 billion for emergency disaster loans and grants.
2020?2020April?20200429April 29April 29, 202020200429U.S. real GDP fell -4.8 percent annualized in the first quarter of 2020 with sharp declines in personal consumption and business fixed investment of -7.6 percent and -8.6 percent, respectively, outweighing increases in residential investment and government spending by 21 percent and 0.7 percent, respectively. In 2019, U.S. real GDP rose 2.3 percent.
2020?2020April?20200430April 30April 30, 202020200430The Dow Jones closes at 24,346 points, up 11.1 percent from the prior month. The S&P 500 closes at 2,912 points, up 12.7 percent from the prior month. The Nasdaq closes at 8,890 points, up 15.4 percent from the prior month.
2020?2020May?20200501May 01May 1, 202020200501The U.S. Food and Drug Administration issues an emergency use authorization for the antiviral drug Remdesivir for the treatment of some COVID-19 cases. The drug is not a cure, but has been shown to speed up recovery from COVID-19.
2020?2020May?20200501May 01May 1, 202020200501According to California Department of Finance’s annual population and housing report, California added 87,494 residents in 2019 bringing the state’s estimated total population to 39,782,870 as of January 1, 2020, an increase of 0.2 percent from the previous year, continuing a historically slow growth trend since the Great Recession. California's statewide housing growth, as measured by net unit growth in completed housing units for 2019, was up 0.7 percent from the previous year, adding 94,662 units to total 14,329,863 units as of January 1, 2020.
2020?2020May?20200501May 1 - 4May 1 - 4, 202020200501Modoc County became the first county in California to re-open followed by Sutter County and Yuba County, despite the statewide stay-at-home order due to the COVID-19 pandemic.
2020?2020May?20200504May 04May 4, 202020200504J. Crew becomes the first major retailer to file for Chapter 11 bankruptcy due to the COVID-19 pandemic.
2020?2020May?20200506May 06May 6, 202020200506California Governor Gavin Newsom announces Workers’ Compensation Benefits for workers who contract COVID-19 while working outside of their homes during the stay-at-home order.
2020?2020May?20200506May 06May 6, 202020200506California Governor Gavin Newsom issues an executive order waiving penalties on property taxes for residents and small businesses experiencing economic hardship due to COVID-19. The order also extends the deadline for filing property tax statements.
2020?2020May?20200507May 07May 7, 202020200507Neiman Marcus files for Chapter 11 bankruptcy.
2020?2020May?20200508May 08May 8, 202020200508U.S. nonfarm payroll employment fell by 20.5 million in April—the largest one-month decline in employment in recorded history. U.S. unemployment rate increased by 10.3 percentage points to 14.7 percent in April—the highest unemployment rate since the Great Depression and the largest one-month increase in recorded history.
2020?2020May?20200508May 08May 8, 202020200508California enters Stage 2 of its four-stage reopening process. Stage 2 allows lower risk workplaces to reopen, including some retail, manufacturing, and logistics businesses, with modifications.
2020?2020May?20200512May 12May 12, 202020200512U.S. headline inflation fell by -0.8 percent in April—the largest month-over–month drop since November 2008—after falling by -0.4 percent in March, while U.S. core inflation, which excludes food and energy, fell by -0.4 percent in April—the biggest month-over-month drop on record—after dipping by -0.1 percent in March, as demand for “nonessential” goods and services plummeted due to the COVID-19 stay-at-home orders.
2020?2020May?20200512May 12May 12, 202020200512California Governor Gavin Newsom announces that more than 1 million diagnostic tests for COVID-19 have been conducted statewide, or an average of more than 35,000 tests conducted daily.
2020?2020May?20200512May 12May 12, 202020200512Twitter says staff can continue working from home permanently.
2020?2020May?20200515May 15May 15, 202020200515COVID-19 deaths reach 300,000 worldwide.
2020?2020May?20200515May 15May 15, 202020200515J. C. Penney files for Chapter 11 bankruptcy.
2020?2020May?20200518May 18May 18, 202020200518California sales of existing, single-family detached homes dropped sharply in April from the previous month and year by -25.6 percent and -30.1 percent, respectively, to a seasonally adjusted annualized rate of 277,440 units—the first time home sales dropped below the 300,000 level since March 2008. The month-over-month drop was the largest since 1979 while the year-over-year decline was the largest since December 2007, as the COVID-19 pandemic prompted stay-at-home orders which kept both buyers and sellers on the sidelines. The median price of an existing, single-family detached home in California was $606,410 in April, down by -1.0 percent from the prior month, but up by 0.6 percent from the prior year. The year-over-year price gain was substantially smaller than the six-month average gain of 7.8 percent recorded between October 2019 and March 2020.
2020?2020May?20200518May 18May 18, 202020200518Tesla's factory in Fremont, California, reopens after closing on March 23 due to COVID-19.
2020?2020May?20200520May 20May 20, 202020200520Officially all 50 states are at different stages of re-opening.
2020?2020May?20200521May 21May 21, 202020200521The U.S. WTI crude oil price settles at $33.92 per barrel, the highest since March 10 with both U.S. and OPEC oil production down.
2020?2020May?20200521May 21May 21, 202020200521Facebook says it would allow up to half of its employees to work from home permanently.
2020?2020May?20200522May 22May 22, 202020200522Hertz files for Chapter 11 bankruptcy.
2020?2020May?20200522May 22May 22, 202020200522California nonfarm payroll employment fell by 2.3 million in April—the largest one-month decline in employment in recorded history. California unemployment rate increased by 10 percentage points to 15.5 percent in April—the highest rate and the largest one-month increase in recorded history.
2020?2020May?20200523May 23May 23, 202020200523The TSA reports that the number of travelers that passed through screening at U.S. airports heading into Memorial Day weekend hit 318,449 on May 21 and 348,673 on May 22, compared to more than 2.6 million travelers on each of the same days a year ago. However, it was the first time since March 23 that the TSA screened more than 300,000 travelers. The lowest air travel day on record was on April 14 2020 when fewer than 88,000 travelers passed through screening, or just 4 percent of the 2019 level, due to the COVID-19 pandemic.
2020?2020May?20200525May 25May 25, 202020200525California allows 47 of its 58 counties to enter advanced Stage 2 reopening. This includes reopening, with modifications, dine-in restaurants, shopping malls, and office buildings.
2020?2020May?20200525May 25May 25, 202020200525George Floyd is killed by Minneapolis police officers, kicking off nationwide and worldwide protests against police brutality.
2020?2020May?20200526May 26 - OngoingMay 26, 2020 - Ongoing20200526Protests against police brutality are now occurring in all 50 U.S. states and in several countries.
2020?2020May?20200527May 27May 27, 202020200527COVID-19 deaths reach 100,000 in the United States, comprising nearly one-third of the 353,000 COVID-19 deaths globally.
2020?2020May?20200528May 28May 28, 202020200528U.S. real GDP fell by -5.0 percent annualized in the first quarter of 2020, down from the initial estimate of -4.8 percent, reflecting declines in personal consumption, business fixed investment, and exports of -6.8 percent, -2.4 percent, and -8.7percent, respectively, outweighing increases in residential fixed investment, federal government spending, and state and local government spending of 18.5 percent, 1.9 percent, and 0.2 percent, respectively. Imports, which are a subtraction in the calculation of GDP, decreased by -15.5 percent.
2020?2020May?20200529May 29May 29, 202020200529California Governor Gavin Newsom issues an executive order extending authorization for local governments to halt evictions for renters impacted by the COVID-19 pandemic, through July 28, 2020.
2020?2020May?20200529May 29May 29, 202020200529The Dow Jones closes at 25,383 points, up by 4.3 percent from the prior month. The S&P 500 closes at 3,044 points, up by 4.5 percent from the prior month. The Nasdaq closes at 9,490 points, up by 6.8 percent from the prior month.
2020?2020June?20200601June 01June 1, 202020200601California housing units authorized by building permits totaled 60,100 in April, down 52.2 percent from February, before the pandemic, and the lowest since September 2013. California’s nonresidential building valuation in April was $16.8 billion, down 36.6 percent from February. This was the lowest nonresidential valuation since June 2013.
2020?2020June?20200605June 05June 5, 202020200605The U.S. gained 2.5 million nonfarm jobs in May, after losing a record 20.7 million jobs in April. Nearly half of the jobs gained in May were in the leisure and hospitality sector, or a gain of 1.2 million jobs in May, following a record-loss of 7.5 million jobs in April. The U.S. unemployment rate dropped to 13.3 percent in May from 14.7 percent in April compared to the pre-recession low of 3.5 percent in February 2020.
2020?2020June?20200606June 06June 6, 202020200606OPEC agrees to extend oil production cuts through July 2020 as world demand for oil continues to fall due to the COVID-19 pandemic.
2020?2020June?20200608June 08June 8, 202020200608Recession in the U.S. began in February 2020, according to the National Bureau of Economic Research.
2020?2020June?20200608June 08June 8, 202020200608The Nasdaq closes at 9,925 points, up 1.1 percent from its peak on February 19, 2020, becoming the first of the three major stock market indexes to turn positive from its pre-recession peak.
2020?2020June?20200610June 10June 10, 202020200610Nasdaq closes above 10,000 for the first time in history at 10,020 points.
2020?2020June?20200610June 10June 10, 202020200610U.S. headline inflation decelerated to 0.1 percent in May (on a year-over-year basis)—the smallest increase since September 2015—following a 0.3 percent rise in April and much slower than the pre-recession pace of 2.3 percent in February. Headline inflation in the Los Angeles metro area accelerated from 0.7 percent in April to 0.9 percent in May, but remained substantially lower than the 3.4 percent increase in February.
2020?2020June?20200612June 12June 12, 202020200612According to the National Oceanic and Atmospheric Administration, May 2020 was the hottest month on record for the Northern Hemisphere. May 2020 tied with May 2016 as the world’s warmest May on record globally.
2020?2020June?20200615June 15June 15, 202020200615The U.S. Supreme Court rules businesses cannot fire anyone because of their LGBTQ status.
2020?2020June?20200615June 15June 15, 202020200615The U.S. Supreme Court lets stand California's sanctuary law.
2020?2020June?20200616June 16June 16, 202020200616The United Kingdom approves the use of a low-dose steroid treatment Dexamethasone to treat COVID-19 patients. The treatment was shown to reduce mortality by about one third for patients on ventilators, and by about one fifth for patients requiring oxygen.
2020?2020June?20200616June 16June 16, 202020200616U.S. retail sales in May 2020 were up 17.1percent from April 2020, but down 1.1 percent from May 2019 and down 3.0 percent from the pre-recession level in February 2020. Non-store retail sales were up 7.2 percent from April 2020, up 28.4 percent from May 2019 and up 23.1 percent from February 2020.
2020?2020June?20200616June 16June 16, 202020200616The median sales price of an existing, single-family home in California was $588,070 in May, a decrease of 3.0 percent from April. On a year-over-year basis, the median sales price decreased by 3.7 percent in May, ending 98 consecutive months of year-over-year increases from March 2012 to April 2020. The number of existing, single-family homes sold statewide fell for a third consecutive month, down 13.9 percent from April to a seasonally adjusted annualized rate of 238,740 units in May, its lowest level since October 2007. Sales volume has declined significantly during the pandemic, as May sales volume is down 43.4 percent from the peak of 421,670 units in February, and down 41.4 percent from May 2019. The 30-year, fixed-mortgage rate averaged 3.23 percent in May, a record-low in the series dating back to January 1999.
2020?2020June?20200618June 18June 18, 202020200618The U.S. Supreme Court rules that the rescission of the Deferred Action for Childhood Arrivals (DACA) policy was "arbitrary and capricious" under the Administrative Procedure Act and reversed the order rescinding it.
2020?2020June?20200618June 18June 18, 202020200618California, Arizona, Florida, South Carolina, and Texas all report record spikes in COVID-19 cases as states continue to ramp up testing. California reports a single-day record of more than 4,000 new cases on June 18. This brings the total number of confirmed infections in the state to 161,099. At least 5,290 people in California have died due to COVID-19.
2020?2020June?20200618June 18June 18, 202020200618California Governor Gavin Newsom issues a mandate requiring residents to wear face coverings in common and public indoor spaces and outdoors when physical distancing is not possible.
2020?2020June?20200618June 18June 18, 202020200618California Governor Gavin Newsom signs law ordering mail-in ballots for the November 2020 election.
2020?2020June?20200619June 19June 19, 202020200619California added 141,600 nonfarm jobs in May, after losing a record 2.4 million jobs in April. The construction sector added 75,000 jobs, or 53 percent of the total nonfarm jobs added in May, while leisure and hospitality added 64,800 jobs, or 46 percent of the total. The California unemployment rate dipped to 16.3 percent in May from the record-high rate of 16.4 percent in April (revised up from 15.5 percent), compared to the pre-recession low rate of 3.9 percent in February 2020.
2020?2020June?20200620June 20June 20, 202020200620PG&E announces that the U.S. Bankruptcy Court for the Northern District of California has confirmed the company’s Chapter 11 Plan of Reorganization. This follows the California Public Utilities Commission’s approval of the Plan on May 28, 2020.
2020?2020June?20200622June 22June 22, 202020200622President Trump extends a freeze on green cards for new immigrants and signs an executive order to suspend new H-1B, L-1, J, and other temporary work visas for skilled workers, managers, au pairs, and other non-agricultural seasonal workers through the end of 2020.
2020?2020June?20200623June 23June 23, 202020200623Personal income in California increased by 2.3 percent on a seasonally adjusted annualized basis in the first quarter of 2020, a deceleration from the 7.4-percent increase in the fourth quarter of 2019. In comparison, U.S. personal income also increased by 2.3 percent in the first quarter, a deceleration from the 3.6-percent increase in the fourth quarter. Transfer receipts—which include unemployment insurance compensation, social security benefit payments, and welfare assistance—were the largest contributor to the first-quarter growth in California personal income, increasing 7.9 percent. California personal income in the first quarter of 2020 totaled $2.702 trillion (accounting for 14.3 percent of the U.S. total), up from $2.687 trillion in the fourth of quarter 2019, remaining the largest in the nation, followed by Texas and New York.
2020?2020June?20200625June 25June 25, 202020200625U.S. real GDP decreased by 5.0 percent annualized in the first quarter of 2020, unchanged from the second estimate, following 2.1 percent annualized growth in the fourth quarter of 2019.
2020?2020June?20200625June 25June 25, 202020200625California Governor Gavin Newsom issues a proclamation of a budget emergency to make additional resources available to fund the state’s ongoing emergency response to the COVID-19 pandemic, ensuring the availability of funding for personal protective equipment, medical equipment, and other expenditures as necessary to support a potential hospital surge and provide necessary services to vulnerable populations.
2020?2020June?20200628June 28June 28, 202020200628Worldwide COVID-19 cases surpass 10 million while the worldwide death total surpasses 500,000. The United States accounted for over 25 percent of both cases and deaths worldwide.
2020?2020June?20200628June 28June 28, 202020200628China imposes a strict lockdown on some 500,000 people near Beijing to contain a new COVID-19 outbreak.
2020?2020June?20200628June 28June 28, 202020200628Chesapeake Energy files for Chapter 11 bankruptcy.
2020?2020June?20200629June 29June 29, 202020200629The U.S. Department of Commerce places new restrictions on U.S. exports of defense equipment and certain high-technology products to Hong Kong in response to a new Chinese law aimed at tightening Beijing’s control over Hong Kong.
2020?2020June?20200629June 29June 29, 202020200629California Governor Gavin Newsom signs the 2020-21 state budget bill—a $202.1 billion spending plan that strengthens emergency response, protects public health and safety, and promotes economic recovery while closing a $54.3 billion budget shortfall caused by the COVID-19 recession.
2020?2020June?20200630June 30June 30, 202020200630The Dow Jones closes at 25,813 points, up by 1.7 percent from the prior month. The S&P 500 closes at 3,100 points, up by 1.8 percent from the prior month. The Nasdaq closes at 10,059 points, up by 6.0 percent from the prior month.
2020?2020June?20200630June 30June 30, 202020200630New York, New Jersey, and Connecticut imposes a 14-day quarantine on all travelers from California as the state’s COVID-19 cases rise.
2020?2020June?20200630June 30June 30, 202020200630California Governor Gavin Newsom issues an executive order extending authorization for local governments to halt evictions for renters impacted by the COVID-19 pandemic, through September 30, 2020.
2020?2020July?20200701July 01July 1, 202020200701The hourly minimum wage increases in the following California cities:

1. Alameda, from$13.50 to $15.00
2. Berkeley, from $15.59 to $16.07
3. Emeryville, from $16.30 to $16.84
4. Fremont, from $13.50 to $15.00
5. Los Angeles City, from $14.25 to $15.00
6. Los Angeles County, from $14.25 to $15.00
7. Malibu, from $14.25 to $15.00
8. Milpitas, from $15.00 to $15.40
9. Novato, from $13.00 to $15.00
10. Pasadena, from $14.25 to $15.00
11. San Francisco, from $15.59 to $16.07
12. San Leandro, from $14.00 to $15.00
13. Santa Monica, from $14.25 to $15.00
14. Santa Rosa, from $13.00 to $15.00
2020?2020July?20200701July 01July 1, 202020200701After reopening in late May, California Governor Gavin Newsom orders the closure of indoor operations at restaurants, bars, wineries, zoos, and museums in 19 of the state’s 58 counties citing a sharp spike in new COVID-19 cases.
2020?2020July?20200701July 01July 1, 202020200701California extends unemployment benefits by up to seven weeks, bringing the maximum duration to 59 weeks for those on regular state unemployment and 46 weeks for those receiving Pandemic Unemployment Assistance.
2020?2020July?20200702July 02July 2, 202020200702The U.S. gained 4.8 million nonfarm jobs in June continuing the rebound in May for a two-month total job gain of 7.5 million following a two-month total job loss of 22.2 million in March and April. Nearly half of the jobs gained in June were in the leisure and hospitality sector. The U.S. unemployment rate dropped to 11.1 percent in June from 13.3 percent in May.
2020?2020July?20200702July 02July 2, 202020200702California housing units authorized by building permits totaled 69,100 in May, up15.0 percent from April, but down 45.0 percent from February, before the pandemic. In May, single-family units were up 14.5 percent from April to 31,000 units, while multifamily permits increased by 15.4 percent to 38,000 units. California’s nonresidential building valuation in May was $14.6 billion, down 13.0 percent from April and down 44.8 percent from February.
2020?2020July?20200706July 06July 6, 202020200706The Keystone XL Oil Pipeline construction stays blocked in U.S. Supreme Court Order.
2020?2020July?20200707July 07July 7, 202020200707California’s real GDP fell at an annualized rate of 4.7 percent in the first quarter of 2020—the largest decline since the second quarter of 2009. In 2019, the state’s real GDP growth rate averaged 2.6 percent.
2020?2020July?20200713July 13July 13, 202020200713The U.S. Environmental Protection Agency (EPA) announces that it will keep in place the National Ambient Air Quality Standard for ozone set in 2015 citing a 4-percent drop in ozone pollution between 2017 and 2019. The EPA is required to re-evaluate smog standards every five years.
2020?2020July?20200713July 13July 13, 202020200713California Governor Gavin Newsom orders statewide closures of indoor operations at restaurants, bars, wineries, movie theaters, family entertainment centers, card rooms, zoos, and museums amid surging COVID-19 cases in the state.
2020?2020July?20200713July 13July 13, 202020200713California's two largest school districts—the Los Angeles Unified School District and San Diego Unified School District—announce they will not open for in-person instruction when the academic year starts in August 2020, and that students will continue to learn remotely.
2020?2020July?20200714July 14July 14, 202020200714JP Morgan posted a record $33.8 billion in second-quarter revenue with its corporate and investment bank posting a record $5.5 billion profit for the second quarter of 2020.
2020?2020July?20200714July 14July 14, 202020200714U.S. headline inflation increased by 0.6 percent in June (on a year-over-year basis) following a 0.1 percent rise in May and much slower than the pre-recession pace of 2.3 percent in February. Headline inflation in the Los Angeles metro area accelerated from 0.9 percent in May to 1.4 percent in June, but remained lower than the 3.4 percent increase in February.
2020?2020July?20200715July 15July 15, 202020200715China’s real GDP grew by 3.2 percent in the second quarter of 2020, on a year-over-year basis, following a 6.8 percent-decline in the first quarter.
2020?2020July?20200716July 16July 16, 202020200716U.S. retail sales in June were up 6.4 percent from May and up 5.0 percent from June 2019. Non-store retail sales were down 2.4 percent from May but up 23.5 percent June 2019.
2020?2020July?20200716July 16July 16, 202020200716The median sales price of an existing, single-family home in California reached a new record high of $626,200 in June, an increase of 6.5 percent from May and 8.0 percent from February, before the pandemic. The previous record high was $617,400 reached in August 2019. The number of existing, single-family homes sold statewide in June increased at a record 42.4-percent from May to a seasonally adjusted annualized total of 339,900 housing units. However, this remains 19.4 percent below February’s level. The 30-year fixed-mortgage rate dropped to a new record-low average of 3.16 percent in June.
2020?2020July?20200717July 17July 17, 202020200717California added 558,200 nonfarm jobs in June continuing the rebound in May for a two-month total job gain of 692,400 following a two-month total job loss of 2.6 million in March and April. The leisure and hospitality sector added 292,500 jobs in June, accounting for 52 percent of the total nonfarm jobs added in June, while trade, transportation, and utilities added 97,600 jobs, or 17 percent of total, and educational and health services added 84,000, or 15 percent of total. The California unemployment rate dropped to 14.9 percent in June from the revised 16.4 percent in May.
2020?2020July?20200720July 20July 20, 202020200720European Union leaders reach a $2 trillion deal on a COVID-19 economic recovery plan.
2020?2020July?20200721July 21July 21, 202020200721California reports 12,807 new COVID-19 cases statewide in the past 24 hours—a record high—bringing California’s total COVID-19 cases to 413,576 or 20 percent of U.S. total.
2020?2020July?20200723July 23July 23, 202020200723The United States surpasses four million cases of COVID-19, accounting for over 25 percent of cases worldwide.
2020?2020July?20200727July 27July 27, 202020200727The price of gold hits a record high of $1,944 per ounce as global economic uncertainty grows due to a resurgence in COVID-19 cases. The previous record was set in 2011 when prices hit $1,921 per ounce.
2020?2020July?20200728July 28 - OngoingJuly 28, 2020 - Ongoing20200728Hurricane Isaias strikes Puerto Rico, the Bahamas, and the East Coast of the United States.
2020?2020July?20200729July 29July 29, 202020200729The Federal Reserve’s Open Market Committee leaves the federal funds rate unchanged at 0 to 0.25 percent and extends emergency lending programs through December 2020 to support economic activity during the COVID-19pandemic.
2020?2020July?20200730July 30July 30, 202020200730U.S. real GDP fell by 32.9 percent (seasonally adjusted annualized rate) in the second quarter of 2020, following a contraction of 5.0 percent in the first quarter of 2020. The drop in the second quarter of 2020 was the largest quarter-over-quarter drop on record since WWII, more than three times the previous record drop of 10 percent in the first quarter of1958 and nearly four times the 8.4-percent drop in the fourth quarter of 2008 during the Great Recession.
2020?2020July?20200731July 31July 31, 202020200731Marathon Petroleum announces plans to permanently close its oil refinery in Martinez, California and Gallup, New Mexico. The Martinez refinery is the fourth-largest refinery in California.
2020?2020July?20200731July 31July 31, 202020200731The Dow Jones closes at 26,428 points, up by 2.4 percent from the prior month. The S&P 500 closes at 3,271 points, up by 5.5 percent from the prior month. The Nasdaq closes at 10,745 points, up by 6.8 percent from the prior month.
2020?2020August?20200804August 04August 4, 202020200804UK-based airline Virgin Atlantic files for Chapter 15 bankruptcy.
2020?2020August?20200805August 05August 5, 202020200805California’s exports and imports of goods were down by 16.6 percent and 8.4 percent, respectively, from a year ago in June. In comparison, U.S. exports and imports of goods fell by 23.8 percent and 13.2 percent, respectively, from a year ago in June.
2020?2020August?20200806August 06August 6, 202020200806Facebook extends work-from-home option for all employees until July 2021, joining Google and Twitter.
2020?2020August?20200806August 06August 6, 202020200806President Trump signs a proclamation to re-impose 10 percent tariffs on aluminum imports from Canada that had been suspended more than a year earlier as part of the USMCA Free Trade Agreement.
2020?2020August?20200807August 07August 7, 202020200807Total U.S. nonfarm jobs increased by 1.8 million, or 1.3 percent, in July, U.S. jobs are still 13 million or 8.4 percent below the pre-pandemic February 2020 level. About a third of the jobs gained in July were in the leisure and hospitality sector. The U.S. official unemployment rate decreased from 11.1 percent in June to 10.2 percent in July.
2020?2020August?20200807August 07August 7, 202020200807California passes 10,000 COVID-19 deaths. California is the third state to pass a five-digit fatality count, after New Jersey, with nearly 16,000 and New York, with more than 32,000. U.S. COVID-19 deaths totaled 160,700, accounting for about 22 percent of the worldwide COVID-19 death total of 716,400.
2020?2020August?20200809August 09August 9, 202020200809Coronavirus cases in the United States officially surpassed 5 million, accounting for over 25 percent of cases worldwide.
2020?2020August?20200812August 12August 12, 202020200812The United Kingdom's economy officially enters recession for the first time since 2009.
2020?2020August?20200812August 12August 12, 202020200812U.S. headline inflation in July increased to 1.0 percent (on a year-over-year basis) following 0.6 percent inflation in June and 0.1 percent inflation in May, and still well below February’s pre-pandemic inflation rate of 2.3 percent. Los Angeles headline inflation also increased in July on a year-over-year basis to 1.9 percent, following 1.4 percent inflation in June and 0.9 percent inflation in May, but is still below its February’s pre-pandemic inflation of 3.4 percent.
2020?2020August?20200814August 14August 14, 202020200814U.S. retail sales in July were up 0.8 percent from June and up 5.8 percent from July 2019. Non-store retail sales were up 0.7 percent from June but up 24.7 percent from July 2019.
2020?2020August?20200814August 14August 14, 202020200814Rolling blackouts hit the state’s electric grid for the first time since the 2001 energy crisis, due to excessive heat and supply disruptions and affecting between 50,000 and 75,000 customers statewide.
2020?2020August?20200815August 15August 15, 202020200815Unsettled weather across the state led to hundreds of lightning strikes that sparked several fires. Between August 15 and August 31, there were 14,000 lightning strikes, 900 new wildfires, 1.5 million acres burned, and 3,100 structures destroyed.
2020?2020August?20200815Mid - AugustMid - August 202020200815Heat wave settles over the Western and Midwestern United States.
2020?2020August?20200816August 16August 16, 202020200816The temperature in Death Valley surpassed 130 degrees.
2020?2020August?20200817August 17August 17, 202020200817Japan suffers its biggest economic slump on record as its economy's GDP fell 7.8 percent in the second quarter of 2020.
2020?2020August?20200818August 18August 18, 202020200818The S&P 500 closes at a new record high of 3,390 points, bringing an end to the shortest bear market in U.S. history. The previous record high was 3,386 points reached in February 19, 2020.
2020?2020August?20200818August 18August 18, 202020200818California Governor Newsom Declares Statewide Emergency Due to Fires, Extreme Weather Conditions
2020?2020August?20200819August 19August 19, 202020200819Apple becomes the first U.S. company to reach a market capitalization of $2 trillion, after being the first U.S. company to reach a $1-trillion market capitalization two years ago in August 2, 2018.
2020?2020August?20200821August 21August 21, 202020200821California added 140,400 nonfarm jobs in July, almost a quarter of the state’s record gain of 542,500 jobs in June, and just about 8.0 percent of the nation’s July gains. Despite this third consecutive monthly job gain, California has recovered only about 31.1 percent of the 2.6 million nonfarm jobs lost in March and April. Trade, transportation, and utilities added 40,900 jobs in July, or 29 percent of the total nonfarm jobs added in July, while government added 36,000, or 26 percent of total, and educational and health services added 29,700, or 21 percent of total. The California unemployment rate decreased from 14.9 percent in June to 13.3 percent in July.
2020?2020August?20200821August 21August 21, 202020200821The Federal Emergency Management Agency announces that California has been approved for the Lost Wages Grant that will provide an extra $300 weekly unemployment benefit (replacing the extra $600 weekly unemployment benefit that expired in late July) to Californians receiving at least $100 a week in unemployment benefits. The $300 a week supplement will be available for a minimum of three weeks, retroactive to August 1, 2020.
2020?2020August?20200823August 23August 23, 202020200823Today, the U.S. Food and Drug Administration issued an emergency use authorization for investigational convalescent plasma for the treatment of COVID-19 in hospitalized patients.
2020?2020August?20200825August 25August 25, 202020200825Fitch maintains California’s bond rating of AA.
2020?2020August?20200826August 26August 26, 202020200826Hurricane Laura makes landfall in Louisiana, as the most intense storm to hit the state since 1856. As of August 31, the storm caused damage to the local power grid and municipal water infrastructure, destroyed several communities, and contributed to an estimated 17 deaths.
2020?2020August?20200827August 27August 27, 202020200827U.S. real GDP decreased at an annual rate of 31.7 percent in the second quarter, revised up from the initial estimate of -32.9 percent as net exports were revised sharply higher.
2020?2020August?20200827August 27August 27, 202020200827The California Air Resources Board approves a new regulation designed to further reduce pollution from ocean-going vessels while docked at California’s ports.
2020?2020August?20200827August 27August 27, 202020200827The Federal Reserve announced it was changing its approach to its longer-run goals of maximum employment and stable prices. The change includes moving away from hardline targets of unemployment rates and changing the inflation rate target from an actualized 2 percent to an average of 2 percent.
2020?2020August?20200831August 31August 31, 202020200831The United States topped 6 million confirmed cases of COVID-19. The U.S. now accounts for about 24 percent of the 25 million confirmed cases worldwide.
2020?2020August?20200831August 31August 31, 202020200831The Dow Jones closes at 28,430 points, up 7.6 percent from the prior month. The S&P 500 closes at 3,500 points, up 7.0 percent from the prior month. The Nasdaq closes at 11,775 points, up 9.6 percent from the prior month.
2020?2020August?20200831August 31August 31, 202020200831California residential housing units authorized by building permits totaled 115,600 in July, up 54 percent from June. In July, single-family units were up 24.2 percent from June to 61,800 units, and multifamily units were up 114.1 percent from June to 53,800 units. California’s nonresidential building valuation in July was $27.8 billion, down 4.4 percent from June.
2020?2020September?20200902September 02September 2, 202020200902The S&P 500 continues to climb and closes at a new record high at 3,581 points, 5.7 percent above the pre-recession peak of 3,386 points set on February 19, 2020.
2020?2020September?20200903September 03September 3, 202020200903California’s exports and imports of goods were down by 0.4 percent and up by 1.5 percent, respectively, from a year ago in July. In comparison, U.S. exports and imports of goods fell by 15.4 percent and 8.2 percent, respectively, from a year ago in July.
2020?2020September?20200904September 04September 4, 202020200904The U.S. official unemployment rate decreased to 8.4 percent in August from 10.2 percent in July. U.S. nonfarm jobs increased by 1.4 million in August after a 1.8-million-increase in July. The U.S. has added 10.8 million nonfarm jobs from May to August, or 48.5 percent of the 22.2 million jobs lost in March and April.
2020?2020September?20200906September 06September 6, 202020200906Los Angeles County records its highest temperature on record, reaching 121 degrees in Woodland Hills, beating its previous record of 119 degrees on July 22, 2006.
2020?2020September?20200907September 07September 7, 202020200907PG&E conducts first round of public safety shut-offs in 2020 amid strong winds and severely dry weather conditions.
2020?2020September?20200910September 10September 10, 202020200910Jane Fraser is named CEO of Citibank, becoming the first woman to head a major U.S. bank.
2020?2020September?20200911September 11September 11, 202020200911U.S. headline inflation increased by1.3 percent on a year-over-year basis in August, an acceleration from 1.0 percent in July but still below February’s pre-pandemic inflation rate of 2.3 percent. Los Angeles headline inflation in August increased to 2.0 percent on a year-over-year basis, up from 1.9 percent in July but still below February’s pre-pandemic inflation rate of 3.4 percent.
2020?2020September?20200915September 15September 15, 202020200915California existing single-family median home sales price rose to a new record-high $706,900 in August, as sales totaled 465,400 units, the highest sales volume since May 2010. This is the first time that California median home sales price exceeded $700,000.
2020?2020September?20200916September 16September 16, 202020200916U.S. retail sales in August were up 0.6 percent from July and up 2.6 percent from August 2019. Non-store retail sales were largely unchanged from July but up 22.4 percent from August 2019.
2020?2020September?20200916September 16September 16, 202020200916The Federal Reserve left their benchmark interest rates unchanged at 0 to 0.25 percent as U.S. inflation and employment remain below pre-pandemic levels as well as below the Fed’s target.
2020?2020September?20200918September 18September 18, 202020200918Justice Ruth Bader Ginsburg passes away at age 89 after serving 27 years on the U.S. Supreme Court and becomes the first woman in U.S. history to lie in state at the Capitol.
2020?2020September?20200918September 18September 18, 202020200918California added 101,900 nonfarm jobs in August bringing the total jobs recovered since May to 885,700, or around one-third of the 2.6 million jobs lost in March and April. Government added 66,100 jobs, or almost two-thirds of the August job-gain, largely driven by temporary Census workers. Trade, transportation, and utilities added 26,000 jobs (26 percent of total) and professional and business services added 19,400 jobs (19 percent of total). Five sectors lost jobs, including leisure and hospitality (-14,600 jobs), other services (-5,700 jobs), and information (-4,300 jobs). The California unemployment rate decreased from 13.5 percent (revised up) in July to 11.4 percent in August.
2020?2020September?20200919September 19September 19, 202020200919EDD announces a two-week hold on new claims for unemployment insurance starting on September 20, an effort to reduce their backlog of nearly 1.7 million claims. Since mid-March, around 8.6 million initial claims for unemployment insurance have been filed in California.
2020?2020September?20200919September 19September 19, 202020200919California surpasses 15,000 deaths from COVID-19, accounting for 7.5 percent of the nation’s deaths. California has the fourth highest number of deaths in the U.S. after New York (33,100), New Jersey (16,100), and Texas (15,100).
2020?2020September?20200922September 22September 22, 202020200922The U.S. surpasses 200,000 deaths from COVID-19, accounting for one in five deaths worldwide.
2020?2020September?20200923September 23September 23, 202020200923Governor Newsom signs an executive order requiring all new cars and passenger trucks sold in California to be zero-emission vehicles by 2035. It also mandates all operations of medium and heavy-duty vehicles to be zero-emission by 2045 where feasible.
2020?2020September?20200924September 24September 24, 202020200924California personal income increased 6.5 percent quarter-over-quarter on a seasonally adjusted annualized basis to $2.9 trillion in the second quarter of 2020, the fastest quarter-over-quarter growth since the first quarter of 1950. In comparison, U.S. personal income grew by 7.6 percent quarter-over-quarter. Transfer receipts—which include unemployment insurance compensation and CARES Act stimulus checks, as well as social security benefit payments and welfare assistance—were the main driver of personal income growth, as all other personal income components fell for both the U.S. and California.
2020?2020September?20200928September 28September 28, 202020200928Worldwide deaths from COVID-19 surpasses 1 million, including over 204,700 deaths in the U.S. and over 15,600 deaths in California.
2020?2020September?20200929September 29September 29, 202020200929Walt Disney Co. announced it would be cutting 28,000 U.S. jobs, mostly from its theme parks in California and Florida, but also its cruise-line and retail businesses. Disney’s theme parks employed roughly 110,000 people before the pandemic, including approximately 32,000 in California.
2020?2020September?20200930September 30September 30, 202020200930American and United Airlines announced cuts of 32,000 jobs as federal aid ended.
2020?2020September?20200930September 30September 30, 202020200930Fresno, Madera, Mariposa, San Bernardino, and San Diego (September 6), Siskiyou (September 10), Del Norte, Los Angeles, and Mendocino (September 25) and Napa, Sonoma, and Shasta (September 28) declared states of emergency due to fires. To date, over 3.7 million acres have burned in California from 8,100 fire incidents causing 26 fatalities with 7,800 structures destroyed.
2020?2020September?20200930September 30September 30, 202020200930U.S. real GDP decreased at an annual rate of 31.4 percent in the second quarter of 2020, for the third and final estimate and 0.3 percentage point higher than the second estimate. This follows a 5.0 percent annualized decline in the first quarter of 2020.
2020?2020September?20200930September 30September 30, 202020200930The Dow Jones closes at 27,781 points, down 2.3 percent from the prior month. The S&P 500 closes at 3,363 points, down 3.9 percent from the prior month. The Nasdaq closes at 11,168 points, down 5.2 percent from the prior month. This is the first month-over-month decline since March 2020 for all three indices.
2020?2020September?20200930September 30September 30, 202020200930At the end of September, California had recorded 819,000 cases of COVID-19 or 11.4 percent of U.S. cases which totaled 7.2 million. California deaths from COVID-19 totaled 15,900, 7.7 percent of U.S. deaths which totaled 206,900. Worldwide cases were 33.4 million and deaths totaled 1 million.
2020?2020October?20201002October 02October 2, 202020201002The U.S. unemployment rate decreased from 8.4 percent in August to 7.9 percent in September, as U.S. civilian employment increased by 275,000 people and the labor force shrank by 695,000 people. The U.S. added 661,000 nonfarm jobs in September. The U.S. has added 11.4 million nonfarm jobs from May to September, or 51.5 percent of the 22.2 million jobs lost in March and April.
2020?2020October?20201002October 02October 2, 202020201002California real GDP fell by 31.5 percent in the second quarter of 2020 on a seasonally adjusted annualized basis. California’s share of U.S. real GDP remained unchanged at 14.8 percent for the third consecutive quarter-- the 2019 average was 14.7 percent.
2020?2020October?20201002October 02October 2, 202020201002California residential housing units authorized by building permits decreased from 115,600 units in July to 96,300 in August, bringing the year-to-date average to 96,000 or 11.1 percent lower than the same period in 2019. In August, single-family units were down 3.1 percent from July to 59,900 units, and multifamily units were down 32.3 percent to 36,400 units. Year-to-date, nonresidential building valuation averaged $23.5 billion, down 31.7 percent from the same period in 2019.
2020?2020October?20201002October 02October 2, 202020201002Both President Trump and First Lady Melania Trump tested positive for COVID-19.
2020?2020October?20201005October 05October 5, 202020201005The August Complex Fire, which spanned six counties, was upgraded from “megafire” to “gigafire” as it surpassed 1 million acres burnt—the first of its kind in California state history.
2020?2020October?20201006October 06October 6, 202020201006California’s exports of goods fell by 12.9 percent whereas the state’s imports increased by 3.3 percent from a year ago in August. In comparison, U.S. exports and imports of goods fell by 14.6 percent and 5.6 percent, respectively, from a year ago in August.
2020?2020October?20201007October 07October 7, 202020201007September 2020 was the warmest September on record at 61 degrees Fahrenheit average global temperature, 34 degree higher than the 20th century average of 59 degrees Fahrenheit for September, and topping the previous record set in September 2016 by 32 degrees.
2020?2020October?20201012October 12October 12, 202020201012A 25-year-old in Nevada was re-infected with COVID-19 earlier this year. This is the first confirmed case of COVID-19 reinfection in the U.S. and the fifth confirmed reinfection case worldwide.
2020?2020October?20201013October 13October 13, 202020201013U.S. headline inflation grew by 1.4 percent on a year-over-year basis in September, accelerating slightly 1.3 percent in August and 1.0 percent in July. Los Angeles headline inflation slowed to 1.2 percent in September, down from 2.0 percent in August and 1.9 percent in July.
2020?2020October?20201016October 16October 16, 202020201016California’s official unemployment rate decreased for the third consecutive month, to 11.0 percent in September from 11.2 percent in August (revised down), as civilian employment increased by 47,000 in September and labor force increased by 19,000 Californians. California added 96,000 nonfarm jobs in September after adding 101,900 jobs in August. The state has now recovered about 38 percent of the 2.6 million jobs lost in March and April.
2020?2020October?20201016October 16October 16, 202020201016U.S. retail sales In September were up 1.9 percent from August and up 8.2 percent from September 2019. Non-store retail sales were up just 0.5 percent in September but up 23.8 percent from September 2019.
2020?2020October?20201019October 19October 19, 202020201019Worldwide COVID-19 infections surpass 40 million, including 8.3 million in the U.S. and 883,000 in California. Global COVID-19 deaths exceed 1.1 million people, including nearly 220,000 in the U.S. and 17,000 in California.
2020?2020October?20201019October 19October 19, 202020201019California median price of existing single-family homes set a new record for the fourth consecutive month, reaching $712,430 in September. Sales volume increased to 489,590 units, the highest volume since February 2009.
2020?2020October?20201024October 24October 24, 202020201024California leads the U.S. in COVID-19 cases as it surpasses 900,000 cases, making up 10 percent of total U.S. cases.
2020?2020October?20201025October 25October 25, 202020201025Pre-election voting totaled more than 60 million ballots surpassing the 58.3 million pre-election ballots cast in 2016.
2020?2020October?20201027October 27October 27, 202020201027The Senate voted 52-48 to confirm Judge Amy Coney Barrett’s appointment to the high court, filling the seat of the late Justice Ruth Bader Ginsburg. Judge Barrett becomes the fifth woman ever to serve on the Supreme Court, and is President Trump’s third Supreme Court appointee, the most for any President since President Reagan.
2020?2020October?20201028October 28October 28, 202020201028France and Germany implemented new measures to help mitigate the rising number of COVID-19 cases. France announced that the country will go into a nationwide lockdown beginning October 30, people will need a certificate to move around, non-essential businesses, restaurants and bars will be closed. Chancellor Angela Merkel announced that Germany will implement a four-week shutdown of restaurants, bars, cinemas, theaters and other facilities beginning November 2.
2020?2020October?20201029October 29October 29, 202020201029U.S. real GDP rebounded 33.1 percent (seasonally adjusted annual rate) in the third quarter of 2020 after falling 31.4 percent in the second quarter of 2020 according to BEA’s first estimate. U.S. real GDP is still $557.7 billion or 2.9 percent below its 2019 third quarter level and is now back to its first quarter 2018 level.
2020?2020October?20201029October 29October 29, 202020201029COVID-19 cases in the United States officially surpass 9 million, the highest in any country and accounting for over 20 percent of cases worldwide. This includes 927,000 cases in California. U.S. also records its largest daily increase in COVID-19 cases with over 90,000 new cases per day.
2020?2020October?20201029October 29October 29, 202020201029Hurricane Zeta is now the sixth hurricane to make landfall in the continental U.S. in 2020, tying 1886 and 1985 for most continental U.S. land falling hurricanes in a single Atlantic season on record.
2020?2020October?20201030October 30October 30, 202020201030Global COVID-19 cases officially surpass 45 million and deaths total 1.2 million. At the end of October, California has recorded 935,000 cases of COVID-19 or 10 percent of U.S. cases which totaled 9.2 million. California deaths from COVID-19 totaled 17,700, 7.7 percent of U.S. deaths which totaled 231,000.
2020?2020October?20201030October 30October 30, 202020201030All three major indices closed lower in the month of October as the S&P 500 closed down 3.3 percent, the Dow closed down 4.7 percent and the Nasdaq closed down 3.7 percent.
2020?2020October?20201031October 31October 31, 202020201031To date, over 4.2 million acres have burned in California from close to 9,200 fire incidents causing 31 fatalities with close to 10,500. Governor Newsom issued an emergency proclamation for Los Angeles and Riverside (October 11) and for Sonoma (October 25) due to effects of fires. The state was also approved for Major Disaster Declaration (October 16) due to wildfires to support impacted residents in affected counties.
2020?2020November?20201103November 03November 3, 202020201103The U.S. adds a record-setting 100,000 COVID-19 cases in a single day, including about 5,400 cases in California.
2020?2020November?20201103November 03November 3, 202020201103A record 103 million Americans voted early for the 2020 Presidential election. Because of the volume of mail-in ballots to count and the closeness of the race, the election results were not called on Election Day.
2020?2020November?20201103November 03November 3, 202020201103California voters pass the following propositions:

1. Proposition 17: Allows parolees the right to vote.
2. Proposition 19: Allows homeowners to transfer property tax assessments to a more expensive home without an upward adjustment.
3. Proposition 24: Amends the California Consumer Privacy Act.

California Proposition 14, which continues funding for the state’s stem cell research agency, is too close to call.
2020?2020November?20201103November 03November 3, 202020201103California voters support the $200-million Proposition 22 which exempts rideshare and delivery drivers from AB 5, allowing those workers to be classified as independent contractors. This is the costliest ballot measure in state history. It is also the first initiative in state history to require a 7/8ths vote of both state Assembly and Senate to amend.
2020?2020November?20201104November 04November 4, 202020201104The U.S. officially withdraws from the Paris Climate Accord, after a year-long withdrawal process that began on November 4, 2019. The U.S. is the first of the 195 countries that signed the pact to renounce it.
2020?2020November?20201104November 04November 4, 202020201104California exports of goods fell by 6.4 percent year-over-year in September to $12.8 billion. Year-to-date, California exports of goods have decreased by 12.8 percent. Imports of goods through California ports rose by $2.4 billion or 7.0 percent year-over-year in September to $36.7 billion. Year-to-date, California imports of goods have decreased by 7.0 percent.
2020?2020November?20201106November 06November 6, 202020201106The U.S. official unemployment rate decreased by 1.0 percentage point to 6.9 percent in October, as civilian employment increased by 2.2 million people and labor force grew by 724,000 people. Total U.S. nonfarm jobs increased by 638,000 in October. Since losing about 22.2 million nonfarm jobs between February and April, the U.S. has regained about 12.1 million (54.5 percent) nonfarm jobs.
2020?2020November?20201107November 07November 7, 202020201107Joe Biden wins the 2020 U.S. presidential election. His running mate, Kamala Harris, becomes the first woman of Black and South Asian descent, to be elected vice president in the country’s history.
2020?2020November?20201109November 09November 9, 202020201109The U.S. surpasses 10 million total COVID-19 cases, including about 972,000 cases in California.
2020?2020November?20201109November 09November 9, 202020201109Pfizer/BioNTech announces its COVID-19 vaccine is more than 90 percent effective.
2020?2020November?20201110November 10November 10, 202020201110The U.S. confirms about 140,000 COVID-19 cases, a new record high for single-day COVID-19 cases, including 7,500 cases in California.
2020?2020November?20201110November 10November 10, 202020201110Texas becomes the first state to surpass 1 million cumulative COVID-19 cases.
2020?2020November?20201110November 10November 10, 202020201110Tropical Storm Theta becomes the 29th named storm of the 2020 hurricane season, breaking the record for the most storms during a hurricane season.
2020?2020November?20201111November 11November 11, 202020201111The U.S. confirms over 143,000 COVID-19 cases, the nation’s second consecutive new record high for single-day COVID-19 cases including 6,900 cases in California.
2020?2020November?20201111November 11November 11, 202020201111The August Complex fire is officially extinguished. The fire burned over 1 million acres over three months, the most of any single wildfire event in the state.
2020?2020November?20201112November 12November 12, 202020201112California becomes the second state in the nation to surpass 1 million cumulative COVID-19 cases.
2020?2020November?20201112November 12November 12, 202020201112The U.S. confirms over 150,000 COVID-19 cases, the nation’s third consecutive new record high for single-day COVID-19 cases including 6,900 cases in California.
2020?2020November?20201112November 12November 12, 202020201112U.S. headline inflation slowed to 1.2 percent year-over-year in October 2020, 0.6 percentage point slower than the year-ago pace of 1.8 percent. Los Angeles headline inflation slowed to 0.7 percent year-over-year, compared to 3.2 percent in October 2019.
2020?2020November?20201112November 12November 12, 202020201112California voters passed Proposition 14, continuing funding for the state’s stem cell research agency.
2020?2020November?20201113November 13November 13, 202020201113California Department of Public Health issues a travel advisory for non-essential travel and recommends that travelers self-quarantine upon arrival to the state.
2020?2020November?20201113November 13November 13, 202020201113The S&P 500 closes at a new record-high of 3,585.
2020?2020November?20201114November 14November 14, 202020201114Single-day COVID-19 cases in California surpass 10,000 for the first time since August 2020.
2020?2020November?20201116November 16November 16, 202020201116Moderna announces its COVID-19 vaccine is more than 90 percent effective.
2020?2020November?20201116November 16November 16, 202020201116The S&P 500 closed at 3,627 points, the second consecutive record-high close.
2020?2020November?20201116November 16November 16, 202020201116California announces a halt to the reopening plans as cases continue to rise. A total of 41 counties, accounting for 94.1 percent of the population, has been classified in the most restrictive purple tier representing widespread risk. The seven-day average of daily COVID-19 cases of 7,400 is the highest average since the average of 7,600 cases for the seven days ended August 23, 2020.
2020?2020November?20201117November 17November 17, 202020201117U.S. retail sales in October were up 0.3 percent from September and up 7.4 percent from October 2019. Non-store retail sales were up 3.1 percent in October and up 29.1 percent from October 2019.
2020?2020November?20201118November 18November 18, 202020201118The United States reaches 250,000 COVID-19 deaths, accounting for about 1 in 5 deaths worldwide, with 18,000 (or 7.2 percent of U.S.) deaths in California.
2020?2020November?20201118November 18November 18, 202020201118Governor Newsom issues an emergency proclamation for Mono County due to the Mountain View fire that began on November 17.
2020?2020November?20201119November 19November 19, 202020201119California’s official unemployment rate decreased to 9.3 percent in October from 11.1 percent (revised) in September, as civilian employment increased by a record-high 889,000 people in October and labor force increased by 609,000 people. California added 145,500 nonfarm jobs in October, and has now recovered about 43.8 percent of the 2.6 million jobs lost in March and April.
2020?2020November?20201119November 19November 19, 202020201119Governor Gavin Newsom and the California Department of Public Health (CDPH) announce a limited Stay-at-Home Order requiring non-essential work, movement, and gatherings to stop between 10 PM and 5 AM in counties in the purple tier. The order will take effect at 10 PM on November 21 and remain in effect until 5 AM on December 21.
2020?2020November?20201120November 20November 20, 202020201120California median price of existing homes was $711,000 in October, down 0.2 percent from September’s record-high of $712,000 but 17.5 percent higher than October 2019. Sales volume was 485,000 units in October, down 1.0 percent from September but 19.9 percent higher than October 2019.
2020?2020November?20201121November 21November 21, 202020201121The FDA issues an emergency-use authorization to Regeneron Pharmaceuticals, Inc. for the use of monoclonal antibodies in treating mild to moderate cases of COVID-19, the same treatment that President Trump received after testing positive for the virus in October.
2020?2020November?20201124November 24November 24, 202020201124The U.S. confirms over 143,000 COVID-19 cases, the nation’s second consecutive new record high for single-day COVID-19 cases including 6,900 cases in California.
2020?2020November?20201124November 24November 24, 202020201124California adds a state-record-high 18,350 new COVID-19 cases, breaking its November 20 record of 15,442. The nation as a whole adds 147,000 COVID-19 cases.
2020?2020November?20201124November 24November 24, 202020201124The S&P 500 (3,635 points) and the Dow Jones (30,046 points), close at new record highs.
2020?2020November?20201125November 25November 25, 202020201125The second estimate for third quarter 2020 U.S. real GDP remains unchanged from the preliminary estimate of 33.1 percent (seasonally-adjusted annualized rate).
2020?2020November?20201127November 27November 27, 202020201127The S&P 500 reaches its fourth record-high closing value this month, ending the day at 3,628 points.
2020?2020November?20201127November 27November 27, 202020201127Disney expands its planned layoffs from 28,000 on September 30 to 32,000, to be implemented in the first part of 2021.
2020?2020November?20201130November 30November 30, 202020201130All three major indices close higher in the month of November: the S&P 500 closes up 10.8 percent, and the Dow and Nasdaq each close up 11.8 percent.
2020?2020November?20201130November 30November 30, 202020201130To date, about 4.2 million acres have burned in California from over 9,600 incidents, causing 33 fatalities and about 10,500 structures damaged or destroyed.
2020?2020November?20201130November 30November 30, 202020201130Global COVID-19 cases surpass 70 million and deaths total 1.6 million. As of the end of November, California has 1.2 million cases of COVID-19 or 8.9 percent of U.S. cases which total 13.5 million. California deaths from COVID-19 total 18,000, 6.7 percent of U.S. deaths which total 268,000.
2020?2020December?20201201December 01December 1, 202020201201The S&P 500 closes at a new record high of 3,662 points.
2020?2020December?20201202December 02December 2, 202020201202The S&P 500 closes at 3,669 points, its second consecutive day of record high in December.
2020?2020December?20201203December 03December 3, 202020201203State health officials announce a Regional Stay at Home Order to go into effect. Residents will be required to stay at home as much as possible if Intensive Care Unit capacity drops below 15 percent in their region. Southern California, San Joaquin Valley, Northern California, and the Greater Sacramento region are all placed under immediate restrictions.
2020?2020December?20201204December 04December 4, 202020201204California merchandise exports declined by 5.0 percent year-over-year in October 2020 to $14.7 billion, bringing the year-to-date total to $127.9 billion and around 2010 levels. California merchandise imports rose by 7.7 percent year-over-year in October 2020 to $39.3 billion, but imports were still down 5.5 percent year-to-date and around 2013 levels.
2020?2020December?20201204December 04December 4, 202020201204The U.S. official unemployment rate decreased by 0.2 percentage point to 6.7 percent in November, after falling a full percentage point in October. Total U.S. nonfarm jobs increased by 245,000 in November, following a job gain of 610,000 in October. The U.S. has recovered 12.3 million (around 55.7 percent) of the 22.1 million jobs lost in March and April.
2020?2020December?20201204December 04December 4, 202020201204The S&P 500 closes at a new record high of 3,699 points.
2020?2020December?20201205December 05December 5, 202020201205California certifies its presidential election vote for Joe Biden.
2020?2020December?20201205December 05December 5, 202020201205California announces recommendations for phase 1A of the coronavirus vaccination. Priority will be given to people at risk of exposure to the virus through work in any role in direct health care or long-term care, and residents of nursing and assisted living facilities.
2020?2020December?20201207December 07December 7, 202020201207California surpasses 20,000 deaths from COVID-19. Cumulative deaths total 20,047.
2020?2020December?20201206December 06December 6, 202020201206The Supreme Court rules to uphold the Deferred Action for Childhood Arrivals program (DACA). As of June 30 2020, approximately 184,000 DACA recipients reside in California, over one quarter of the 646,000 recipients in the United States.
2020?2020December?20201208December 08December 8, 202020201208A 90-year old British woman becomes the first person in the world to be vaccinated with the Pfizer vaccine for COVID-19 in the United Kingdom.
2020?2020December?20201208December 08December 8, 202020201208The S&P 500 closes at a new record high of 3,702 points.
2020?2020December?20201209December 09December 9, 20202020120948 state attorneys general launch an anti-trust lawsuit against Facebook for anti-competitive practices.
2020?2020December?20201209December 09December 9, 202020201209California records 220 deaths from COVID-19, the highest daily number of deaths recorded.
2020?2020December?20201210December 10December 10, 202020201210San Francisco-based Airbnb launches an initial public offering of stock, valuing the company at over $100 billion.
2020?2020December?20201211December 11December 11, 202020201211Pfizer’s COVID-19 vaccine is granted emergency authorization from the FDA, becoming the first available COVID-19 vaccine in the U.S.
2020?2020December?20201211December 11December 11, 202020201211U.S. headline inflation grew 1.2 percent year-over-year in November 2020, unchanged from October 2020 and a significant deceleration from the November 2019 pace of 2.1 percent. Los Angeles headline inflation increased 1.0 percent year-over-year in November 2020 after slowing to 0.7 percent in October, still well below the November 2019 pace of 3.2 percent.
2020?2020December?20201211December 11December 11, 202020201211California records 225 new deaths from COVID-19, the highest daily number of deaths recorded.
2020?2020December?20201213December 13December 13, 202020201213The first person in the U.S. is vaccinated against COVID-19 in New York.
2020?2020December?20201214December 14December 14, 202020201214The first person in California is vaccinated against COVID-19.
2020?2020December?20201214December 14December 14, 202020201214The U.S. confirms over 300,000 cumulative deaths from COVID-19. California’s 21,000 cumulative deaths account for 7.1 percent of this total.
2020?2020December?20201214December 14December 14, 202020201214The Electoral College votes, officially naming Joe Biden the President-Elect and Kamala Harris Vice-President-Elect.
2020?2020December?20201215December 15December 15, 202020201215The California median home price fell to $699,000 in November, 1.3 percent below September’s record-high, however sales volume (508,820 units) reached its highest level in 15 years.
2020?2020December?20201215December 15December 15, 202020201215Governor Newsom announces the activation of the State’s Coroners’ Mutual Aid & Mass Fatality Management Planning Program, importing body bags and refrigeration units in response to widespread pandemic conditions.
2020?2020December?20201215December 15December 15, 202020201215California records over 50,000 new cases of COVID-19, the highest ever in a single day. California also recorded a record 293 new deaths from COVID-19.
2020?2020December?20201216December 16December 16, 202020201216U.S. retail sales in November were down 0.8 percent from October 2020 but up 7.1 percent from November 2019. Non-store retail sales were relatively unchanged in November, but up 29.2 percent from November 2019.
2020?2020December?20201216December 16December 16, 202020201216California records 379 new deaths from COVID-19, the highest daily number of deaths recorded.
2020?2020December?20201217December 17December 17, 202020201217California’s third quarter 2020 personal income was up by 8.8 percent from a year ago but down by 1.6 percent quarter-over-quarter (seasonally-adjusted annualized rate). Federal stimulus accounted for $169.8 billion, or 5.9 percent of third quarter California personal income, down from $272.8 billion or 9.5 percent of second quarter personal income. By comparison, U.S. personal income declined by 10.4 percent quarter-over-quarter (annualized rate) in the third quarter but increased by 7.1 percent on a year-over-year basis.
2020?2020December?20201217December 17December 17, 202020201217The S&P 500 closes at a new record high of 3,722 points.
2020?2020December?20201218December 18December 18, 202020201218California’s official unemployment rate fell 0.8 percentage point to 8.2 percent in November as the number of people employed, unemployed, and in the labor force all fell. California added 57,100 nonfarm jobs in November, the seventh month of consecutive job gains and recovered 46.0 percent (1.2 million jobs) of the 2.6 million jobs lost in March and April.
2020?2020December?20201218December 18December 18, 202020201218Moderna vaccine becomes the second FDA approved COVID-19 vaccine for use in the U.S.
2020?2020December?20201222December 22December 22, 202020201222Governor Newsom appoints Alex Padilla as U.S. senator for California to replace Vice President-elect Kamala Harris. He will be the first Latino to hold the office for California.
2020?2020December?20201222December 22December 22, 202020201222U.S. real GDP grew by a record 33.4 percent (seasonally adjusted annualized rate) in the third quarter of 2020 according to BEA’s third and final estimate, an upward revision of 0.3 percentage point from the first two estimates (33.1 percent).
2020?2020December?20201223December 23December 23, 202020201223California real GDP grew by a record 31.2 percent in the third quarter of 2020 (seasonally adjusted annualized rate), bringing real GDP back to a level of around the first quarter of 2019.
2020?2020December?20201223December 23December 23, 202020201223California becomes the first state to confirm over 2 million cumulative cases of COVID-19 or 10.8 percent of the nation’s cumulative cases.
2020?2020December?20201224December 24December 24, 202020201224The United Kingdom and the European Union agree on a trade deal, making way for the UK’s exit from the Union.
2020?2020December?20201226December 26December 26, 202020201226Two CARES Act emergency unemployment assistance programs end—Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation.
2020?2020December?20201227December 27December 27, 202020201227President Trump signs a $900 billion pandemic relief bill. The bill includes measures to extend unemployment benefit programs, including the Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation programs, supplement unemployment benefit payments, provide additional paycheck protection loans, provide additional direct stimulus checks, as well as funding for the purchase and distribution of COVID-19 vaccines.
2020?2020December?20201228December 28December 28, 202020201228The S&P 500 closes at a new record high of 3,735 points.
2020?2020December?20201229December 29December 29, 202020201229The first U.S. case of the highly contagious United Kingdom strain of COVID-19 is detected in Colorado.
2020?2020December?20201229December 29December 29, 202020201229California records 432 new deaths from COVID-19, the highest daily number of deaths recorded.
2020?2020December?20201230December 30December 30, 202020201230The TSA reports that the number of travelers that passed through screening at U.S. airports around the Christmas holiday hit just under 1.2 million on December 23 and just under 1.3 million on December 27. These were the highest levels recorded since the start of the pandemic on March 17. In 2019, traveler numbers reached around 2.6 million on each day from December 24 to December 28.
2020?2020December?20201230December 30December 30, 202020201230The first case of the United Kingdom strain of COVID-19 is detected in California.
2020?2020December?20201231December 31December 31, 202020201231California records 585 new deaths from COVID-19, the highest daily number of deaths recorded.
2020?2020December?20201231December 31December 31, 202020201231The United Kingdom officially leaves the European Union.
2020?2020December?20201231December 31December 31, 202020201231The S&P 500 closed at a new record high of 3,756 points. All three major indices closed higher in the month of December as the S&P closed up 3.7 percent, the Dow closed up 3.3 percent and the Nasdaq closed up 5.7 percent. Despite the stock market entering a bear market in March all three indices closed higher than a year ago. The S&P closed up 16.3 percent higher, the Dow closed up 7.2 percent and the Nasdaq closed up 43.6 percent.
2020?2020December?20201231December 31December 31, 202020201231Global COVID-19 cases total 83.5 million and deaths total 1.8 million. As of the end of December, California has recorded 2.3 million cases of COVID-19 or 11.5 percent of the total 19.9 million U.S. cases. California deaths from COVID-19 total 28,000, 8.1 percent of the total 344,000 U.S. deaths.
2020?2020December?20201231December 31December 31, 202020201231In 2020, nearly 4.3 million acres were burned in California from over 9,900 fire incidents, causing 33 fatalities and destruction of 10,500 structures. 2020 was the largest wildfire season recorded in California’s modern history.
2019?2019January?20190101January 01January 1, 201920190101California statewide minimum wage increases from $11.00 to $12.00 per hour for employers with 26 or more employees. The hourly minimum wage increases in the following California cities: Belmont, from $12.50 to $13.50 Cupertino, from $13.50 to $15.00 El Cerrito, from $13.60 to $15.00 Los Altos, from $13.50 to $15.00 Mountain View, from $15.00 to $15.65 Oakland, from $13.23 to $13.80 Palo Alto, from $13.50 to $15.00 Redwood, from $11.00 to $13.50 Richmond, from $13.41 to $15.00 San Diego, from $11.50 to $12.00 San Jose, from $13.50 to $15.00 San Mateo, from $13.50 to $15.00 Santa Clara, from $13.00 to $15.00 Sunnyvale, from $15.00 to $15.65
2019?2019January?20190101January 01January 1, 201920190101California farmworkers will earn overtime after working 9.5 hours in a day or 55 hours in a week from previously 10 hours in a day or 60 hours in a week. The change applies only to businesses that employ at least 26 people. The change will apply to businesses with 25 or fewer workers in 2022.
2019?2019January?20190110January 10 - OngoingJanuary 10, 2019 - Ongoing20190110Venezuelan presidential crisis. President Maduro severs diplomatic ties with the United States. The United States sanctions Venezuela's state-owned oil company, Petroleos de Venezuela, S.A..
2019?2019January?20190111January 11January 11, 201920190111Some 800,000 federal government employees miss their first paycheck due to the U.S. federal government shutdown.
2019?2019January?20190111January 11January 11, 201920190111Headline consumer inflation in 2018 was 2.4 percent in the U.S. and 3.7 percent in California. Core consumer inflation, which excludes food and energy, was 2.1 percent in the U.S. and 3.3 percent in California in 2018.
2019?2019January?20190112January 12January 12, 201920190112The U.S. federal government shutdown hits the 22-day mark becoming the longest since the 1995–1996 shutdown.
2019?2019January?20190115January 15January 15, 201920190115The British Parliament overwhelmingly rejects Prime Minister Theresa May's Brexit deal, complicating the United Kingdom’s scheduled departure from the European Union on March 29, 2019.
2019?2019January?20190118January 18January 18, 201920190118U.S. consumer sentiment falls in January to a two-year low.
2019?2019January?20190121January 21January 21, 201920190121China's economy grew by 6.6 percent in 2018, its slowest pace in 28 years.
2019?2019January?20190122January 22January 22, 201920190122The six-day United Teachers Los Angeles union strike ends after teachers and staff members reached an agreement with the Los Angeles Unified School District. The agreement includes, among other things: class size reductions, pay raises, and more school nurses, counselors, and librarians.
2019?2019January?20190125January 25January 25, 201920190125President Trump signs a spending bill to fund the government through February 15, 2019 ending the federal government shutdown. The 35-day shutdown cost the U.S. economy $11 billion—including a permanent $3 billion loss, according to the Congressional Budget Office.
2019?2019January?20190129January 29January 29, 201920190129PG&E files for Chapter 11 bankruptcy protection.
2019?2019January?20190129January 29 - 31January 29 - 31, 201920190129The polar vortex hits the midwestern and northeastern United States bringing record low temperatures.
2019?2019February?20190211February 11February 11, 201920190211The U.S. government’s public debt hits record $22 trillion.
2019?2019February?20190214February 14February 14, 201920190214Amazon cancels plan for a headquarter in New York City after opposition from some local residents.
2019?2019February?20190224February 24February 24, 201920190224President Trump extends the March 1st deadline to impose additional tariffs on Chinese goods.
2019?2019February?20190227February 27 - 28February 27 - 28, 201920190227The United States and North Korea holds second summit. No agreement was reached.
2019?2019February?20190228February 28February 28, 201920190228U.S. real GDP grew at an annual rate of 2.6 percent in the fourth quarter 2018, according to the initial estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
2019?2019February?20190228February 28February 28, 201920190228Governor Newsom declares state of emergency in Amador, Glenn, Lake, Mendocino, and Sonoma counties due to flooding and mudslides.
2019?2019March?20190306March 06March 6, 201920190306In 2018, exports of goods from the U.S. rose 7.6 percent to $1.66 trillion while exports of goods from California increased 3.7 percent to $178.4 billion.
2019?2019March?20190307March 07March 7, 201920190307Costco announces that it would raise its minimum wage to $15 an hour, following an increase in June 2018 from $13 to $14.
2019?2019March?20190308March 08March 8, 201920190308The latest benchmark revision to the California labor market statistics shows a stronger labor force growth of 1.0 percent in 2018 compared to the initial estimate of 0.7 percent.
2019?2019March?20190312March 12March 12, 201920190312The British Parliament rejects Prime Minister Theresa May's Brexit deal for a second time, just 17 days before the United Kingdom’s scheduled departure from the European Union.
2019?2019March?20190314March 14March 14, 201920190314Boeing pauses deliveries of its 737 MAX amid the global grounding of the aircraft.
2019?2019March?20190315March 15March 15, 201920190315Terrorists attack two mosques in Christchurch, New Zealand.
2019?2019March?20190315Mid - MarchMid - March 201920190315Flooding in the Midwestern United States inflicts billions of dollars in damage to crops and homes, and knocks out approximately 13 percent of ethanol capacity pushing some gas prices toward five-year high.
2019?2019March?20190315March 15March 15, 201920190315Fire erupts at Phillips 66, an oil refinery in Carson, California, causing a partial shutdown.
2019?2019March?20190320March 20March 20, 201920190320European regulators fine Google 1.5 billion euros ($1.7 billion) for antitrust violations in the online advertising market, bringing the fines imposed against Google by the European Union since 2017 to 8.2 billion euros ($9.3 billion).
2019?2019March?20190322March 22March 22, 201920190322The Brexit deadline has been extended by the European Union from March 29 to April 12, with a further extension to May 22 if the British Prime Minister Theresa May is able to get parliamentary support for a deal.
2019?2019March?20190324March 24March 24, 201920190324The Valero oil refinery in Benicia, California shuts down after air pollution warning.
2019?2019March?20190326March 26March 26, 201920190326Personal income in California grew by 4.7 percent in 2018 following 4.6 percent in 2017. The U.S. growth rate was 4.5 percent in 2018 following 4.4 percent in 2017.
2019?2019March?20190328March 28March 28, 201920190328U.S. real GDP growth for fourth quarter 2018 was revised lower by 0.4 points to 2.2 percent on weaker consumer spending, according to the final estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
2019?2019March?20190329March 29March 29, 201920190329Lyft IPO.
2019?2019April?20190401April 01April 1, 201920190401Sales tax increases in 51 California cities.
2019?2019April?20190401April 01April 1, 201920190401OPEC's crude oil output fell by nearly 300,000 barrels a day to a four-year low of 30.385 million barrels per day in March with Saudi Arabia cutting its oil output to a four-year low of 9.82 million barrels a day.
2019?2019April?20190409April 09April 9, 201920190409Bank of America announces that it will raise the minimum wage for its employees to $20.00 an hour over the next two years and freeze health care cost increases for its lower-paid workers.
2019?2019April?20190411April 11April 11, 201920190411The European Union leaders agree to extend the Brexit deadline from April 12, 2019 to October 31, 2019.
2019?2019April?20190418April 18April 18, 201920190418Zoom IPO.
2019?2019April?20190421April 21April 21, 201920190421Terrorists attack Sri Lanka.
2019?2019April?20190422April 22April 22, 201920190422President Trump announces it will not renew the temporary sanctions exemptions granted to major importers of Iranian oil set to expire on May 2.
2019?2019April?20190423April 23April 23, 201920190423The U.S. stock market sets new record highs as stocks continued to rally from their December lows.
2019?2019April?20190425April 25April 25, 201920190425Microsoft becomes the third publicly traded U.S. company, following Apple and Amazon, to reach a $1 trillion market capitalization.
2019?2019April?20190426April 26April 26, 201920190426U.S. real GDP grew at an annual rate of 3.2 percent in the first quarter of 2019, according to the first estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, U.S. real GDP increased 2.2 percent.
2019?2019May?20190501May 01May 1, 201920190501According to California Department of Finance’s annual population and housing report, California added 186,807 residents in 2018 bringing the state’s estimated total population to 39,927,315 as of January 1, 2019, an increase of 0.47 percent from the previous year—the state’s slowest population growth in recorded history. California's statewide housing growth, as measured by net unit growth in completed housing units for 2018, was up 0.6 percent from the previous year, adding 77,000 units to total 14,235,000 units as of January 1, 2019.
2019?2019May?20190502May 02May 2, 201920190502The U.S. Court of Appeals for the Ninth Circuit rules that California’s recently adopted “ABC test” used to determine whether a worker should be classified as an employee or an independent contractor, must be applied retroactively for four years before April 30, 2018. The “ABC test” requires contractors to work independently, be engaged in work not usual to the contracting firm, and to have their own business doing such work.
2019?2019May?20190508May 08May 8, 201920190508The United States issues new sanctions against Iran targeting its iron, steel, aluminum, and copper exports.
2019?2019May?20190509May 09May 9, 201920190509The Port of Oakland’s import volume for April—with more than 80,000 containers coming in—was the highest in its 92-year history.
2019?2019May?20190510May 10May 10, 201920190510President Trump imposes tariffs of up to 25 percent on $200 billion worth of goods imports from China.
2019?2019May?20190510May 10May 10, 201920190510Uber IPO.
2019?2019May?20190513May 13May 13, 201920190513China announces that it will raise tariffs, from 10 percent to 25 percent, on $60 billion worth of goods exported from the U.S. to China. The Dow and S&P 500 fell 2.4 percent while the Nasdaq dropped 3.4 percent.
2019?2019May?20190517May 17May 17, 201920190517The U.S. reaches deal to lift tariffs on steel and aluminum imports from Canada and Mexico that have been in effect since June 1, 2018.
2019?2019May?20190520May 20May 20, 201920190520Canada and Mexico lift tariffs on imports of U.S. goods.
2019?2019May?20190523May 23May 23, 201920190523The U.S. Department of Agriculture announces $16 billion of new financial aid for American farmers affected by the trade war, following last year’s $12 billion farm aid package.
2019?2019May?20190524May 24May 24, 201920190524British Prime Minister Theresa May announces her resignation as Conservative leader, effective June 7, 2019.
2019?2019May?20190530May 30May 30, 201920190530U.S. real GDP grew at an annual rate of 3.1 percent in the first quarter of 2019, down from the initial estimate of 3.2 percent primarily reflecting downward revisions to business fixed investment and residential investment that were partly offset by upward revisions to consumption and exports. In the fourth quarter of 2018, U.S. real GDP increased 2.2 percent.
2019?2019June?20190601June 01June 1, 201920190601The U.S. begins collecting an additional 25 percent tariffs on a $200-billion list of Chinese goods arriving in U.S. seaports. China begins collecting retaliatory tariffs on a $60-billion list of U.S. goods.
2019?2019June?20190609June 9 - OngoingJune 9, 2019 - Ongoing20190609Hong Kong anti-extradition bill protests.
2019?2019June?20190616June 16June 16, 201920190616India imposes 20 percent tariffs on U.S. almonds and 27 other products in retaliation for the U.S. ending India’s preferential trade status and the U.S. tariffs on steel and aluminum imports. California is the number 1 producer of almonds, growing 80 percent of the world’s supply and India is the state’s biggest customer.
2019?2019June?20190627June 27June 27, 201920190627U.S. real GDP increased at an annual rate of 3.1 percent in the first quarter of 2019, unchanged from the second estimate, and following 2.2 percent growth in the fourth quarter of 2018.
2019?2019June?20190627June 27June 27, 201920190627California Governor Gavin Newsom signs the 2019-20 state budget bill.
2019?2019July?20190701July 01July 1, 201920190701OPEC agrees to extend oil production cuts through March 2020.
2019?2019July?20190701July 01July 1, 201920190701The U.S. is officially in its longest economic expansion, surpassing the previous record expansion set between March 1991 and March 2001.
2019?2019July?20190701July 01July 1, 201920190701The hourly minimum wage increases in the following California cities:

1. Alameda, from $12.00 to $13.50
2. Berkeley, from $15.00 to $15.59
3. Emeryville, from $15.69 to $16.30
4. Fremont, from $12.00 to $13.50
5. Los Angeles City, from $13.25 to $14.25
6. Los Angeles County, from $13.25 to $14.25
7. Malibu, from $13.25 to $14.25
8. Milpitas, from $13.50 to $15.00
9. Pasadena, from $13.25 to $14.25
10. San Francisco, from $15.00 to $15.59
11. San Leandro, from $13.00 to $14.00
12. Santa Monica, from $13.25 to $14.25
2019?2019July?20190701July 01July 1, 201920190701California’s new state workplace retirement savings program, CalSavers, opens to private employers offering an automatic IRA payroll deduction for California workers with no retirement plan on the job.
2019?2019July?20190701July 01July 1, 201920190701California’s gasoline excise tax increases by 5.6 cents per gallon, the latest increase from a 2017 law designed to raise an average of $5.4 billion per year for road repairs and mass transit programs.
2019?2019July?20190704July 04July 4, 201920190704A 6.4 magnitude earthquake hits Southern California, the strongest to hit the reqion in two decades.
2019?2019July?20190711July 11July 11, 201920190711U.S. inflation, as measured by the consumer price index, increased 2.1 percent in the 12 months through June 2019, following 2.3 percent for the same months ending in 2018.
2019?2019July?20190714July 14July 14, 201920190714China’s real GDP grew 6.2 percent in the second quarter 2019, its weakest economic growth in 27 years.
2019?2019July?20190724July 24July 24, 201920190724Boris Johnson becomes Prime Minister of the United Kingdom, succeeding Theresa May.
2019?2019July?20190724July 24July 24, 201920190724The U.S. Federal Trade Commission imposes a record $5 billion penalty for privacy violations on Facebook.
2019?2019July?20190725July 25July 25, 201920190725California’s real GDP grew at an annual rate of 2.7 percent in the first quarter of 2019. In 2018, the state’s real GDP growth rate averaged 3.5 percent.
2019?2019July?20190726July 26July 26, 201920190726U.S. real GDP rose at an annual rate of 2.1 percent in the second quarter 2019 driven by strong consumer and federal government spending, according to initial estimates released by the U.S. Bureau of Economic Analysis. This follows 3.1-percent growth in the first quarter of 2019 and 1.1-percent growth in the fourth quarter of 2018.
2019?2019July?20190731July 31July 31, 201920190731The Federal Reserve lowers the federal funds rate target by a quarter-point, to a range of 2.00 – 2.25 percent. This is the first interest rate cut since December 2008.
2019?2019August?20190801August 01August 1, 201920190801President Trump announces 10 percent tariffs on $300 billion worth of goods imports from China to take effect September 1.
2019?2019August?20190805August 05August 5, 201920190805The People's Bank of China lets the yuan depreciate to below 7 yuan per U.S. dollar for the first time in over a decade. The Dow and S&P 500 dropped 3 percent while the Nasdaq fell 3.5 percent.
2019?2019August?20190813August 13August 13, 201920190813President Trump announces 10 percent tariff on $112 billion of goods imports from China starting September 1, and on $160 billion starting December 15.
2019?2019August?20190814August 14August 14, 201920190814The yield curve for U.S. Treasury bonds inverts, as the yield rate for 2-year bonds rises higher than the yield rate for 10-year bonds. The last inversion of the yield curve was in December 2005, two years before the recession. The Dow, S&P 500, and the Nasdaq fell 3 percent.
2019?2019August?20190820August 20August 20, 201920190820Fitch upgrades California’s bond rating to AA from AA-.
2019?2019August?20190823August 23August 23, 201920190823China announces it will impose additional tariffs on U.S. soybeans and crude oil (starting September 1) and on U.S. automobiles and other goods (starting in mid-December). In response, President Trump announces it would raise planned tariffs on $300 billion worth of goods imports from China, from 10 percent to 15 percent, to take effect September 1. The Dow and S&P 500 fell 2.4 percent and 2.6 percent, respectively, while the Nasdaq dropped 3.0 percent.
2019?2019August?20190829August 29August 29, 201920190829U.S. real GDP increased at an annual rate of 2 percent in the second quarter, revised down from the initial estimate of 2.1 percent, as strong consumer spending was offset by a drop in exports, a smaller inventory build, and weak residential investment.
2019?2019August?20190829August 29August 29, 201920190829U.S. real GDP increased at an annual rate of 2 percent in the second quarter, revised down from the initial estimate of 2.1 percent, as strong consumer spending was offset by a drop in exports, a smaller inventory build, and weak residential investment.
2019?2019September?20190901September 01September 1, 201920190901A 15 percent tariff (originally 10 percent) on $112 billion of goods imports from China (includes clothes, shoes, and sporting goods) takes effect. More than two-thirds of consumer goods the United States imports from China now face higher tariffs.
2019?2019September?20190910September 10September 10, 201920190910California’s poverty rate remains highest in the nation when factoring in living costs such as housing, utilities, and medical care costs. The state’s poverty rate in 2018 was 17.6 percent while the national average was 12.8 percent, according to the U.S. Census Bureau’s Supplemental Measure of Poverty.
2019?2019September?20190911September 11September 11, 201920190911China announces it will temporarily exclude 16 products (such as some animal feeds, chemicals, and petroleum products) from its retaliatory tariffs imposed in 2018.
2019?2019September?20190912September 12September 12, 201920190912OPEC members Iraq and Nigeria agree to cut oil output.
2019?2019September?20190913September 13September 13, 201920190913PG&E reaches $11 billion settlement to resolve most claims by insurance carriers related to the 2017 and 2018 wildfires in California.
2019?2019September?20190914September 14September 14, 201920190914Saudi Arabia’s Aramco oil processing facilities at Abqaiq (world’s largest oil processing facility and crude oil stabilization plant) and Khurais (second largest oil field in the country) were attacked, knocking out 5.7 million barrels of daily crude oil production or about 5 percent of global production.
2019?2019September?20190916September 16September 16, 201920190916Brent crude oil price surges 14.6 percent to $69.02 a barrel—the biggest increase in more than a decade, following attack on Saudi’s oil facilities. President Trump authorizes the use of the Strategic Petroleum Reserve and informs the appropriate agencies to expedite the approval of oil pipelines still in the permitting process in Texas and other states.
2019?2019September?20190916September 16 - October 25September 16 - October 25, 201920190916UAW union workers strike against GM.
2019?2019September?20190918September 18September 18, 201920190918The European Central Bank cuts the deposit facility interest rate to a new record low of -0.5 percent from -0.4 percent and approves bond purchases of 20 billion euros a month from November 2019.
2019?2019September?20190918September 18September 18, 201920190918The Federal Reserve lowers the federal funds rate target by a quarter-point to a range of 1.75-2.00 percent. This is the second interest rate cut since December 2008.
2019?2019September?20190918September 18September 18, 201920190918California Governor Newsom signs legislation (AB 5) aimed to reduce worker misclassification—workers being wrongly classified as “independent contractors” rather than employees. AB 5 codifies the “ABC test” set out by the California Supreme Court and used to determine whether a worker should be classified as an employee or an independent contractor. AB 5 also updates the Labor Code, the Unemployment Insurance Code, and the wage orders of the Industrial Welfare Commission to reflect the application of the ABC test to the classification of a worker as an employee or independent contractor. This new law will take effect January 1, 2020.
2019?2019September?20190919September 19September 19, 201920190919The U.S. Environmental Protection Agency announces it would withdraw the 2013 Clean Air Act waiver that enabled California to set its own tailpipe greenhouse gas emission standards.
2019?2019September?20190920September 20September 20, 201920190920U.S. imposes sanctions on Iran's Central Bank and its National Development Fund.
2019?2019September?20190920September 20September 20, 201920190920California and 22 other states file a lawsuit in federal court challenging the National Highway Traffic Safety Administration’s revocation of California's authority to set its own greenhouse gas emission and fuel economy standards for cars and trucks.
2019?2019September?20190924September 24 - 26September 24 - 26, 201920190924Production cutbacks at three refineries in Southern California (Chevron in El Segundo, PBF Energy in Torrance, and Marathon in Los Angeles) and one refinery in Northern California (Valero in Benicia) cause California gas prices to soar above $4.00 a gallon from the previous 4-week average of $3.60 a gallon.
2019?2019September?20190926September 26September 26, 201920190926U.S. real GDP increased at an annual rate of 2 percent in the second quarter, unchanged from the previous estimate, as the strongest consumer spending in 4-1/2 years offset weak exports and a smaller inventory build. In the first quarter, real GDP increased 3.1 percent.
2019?2019September?20190926September 26September 26, 201920190926U.S. real median household income rose by 0.6 percent in 2018 to $57,273 while California’s real median household income increased by 2.7 percent in 2018 to $69,609.
2019?2019November?20191104November 04November 4, 201920191104The United States notifies the United Nations of its formal withdrawal from the Paris Agreement.
2019?2019November?20191115November 15November 15, 201920191115The Dow Jones industrial average closes above 28,000 for the first time in history at 28,005.
2019?2019November?20191115November 15November 15, 201920191115California’s unemployment rate was 3.9 percent in October—a new record-low, while the U.S. unemployment rate was 3.6 percent in October— near the lowest in 50 years. California’s nonfarm employment growth was 1.8 percent in October on a year-over-year basis compared to 1.4 percent for the U.S.
2019?2019November?20191115November 15November 15, 201920191115California and 22 other states file another lawsuit to block the EPA from ending its authority to set greenhouse gas emission and fuel economy standards for cars and trucks.
2019?2019November?20191127November 27November 27, 201920191127U.S. real GDP increased at an annualized rate of 2.1 percent in the third quarter of 2019, revised up from the initial estimate of 1.9 percent, due to a stronger pace of inventory accumulation and a more moderate decline in business investment.
2019?2019December?20191202December 02December 2, 201920191202The U.S. reinstates tariffs on steel and aluminum imports from Brazil and Argentina, citing the negative impact of currency devaluation in those countries on U.S. farmers. Brazil and Argentina received waivers in August 2018 that exempted them from the 25 percent steel tariffs and 10 percent aluminum tariffs enacted in March 2018.
2019?2019December?20191203December 03December 3, 201920191203Online shopping on Cyber Monday generated another record $9.4 billion in U.S. sales, a 19 percent increase from 2018.
2019?2019December?20191211December 11December 11, 201920191211Saudi Aramco’s IPO on the Riyadh stock exchange makes it the most valuable publicly-traded company in the world.
2019?2019December?20191211December 11December 11, 201920191211The Federal Reserve’s Open Market Committee votes unanimously to maintain the federal funds rate in a target range of 1.5–1.75 percent.
2019?2019December?20191212December 12December 12, 201920191212Prime Minister Boris Johnson and the Conservative Party wins a large majority in the House of Commons in the United Kingdom. The win by the Conservative Party means approval for allowing the U.K. to leave the European Union by January 31, 2020.
2019?2019December?20191213December 13December 13, 201920191213Both U.S. and China announce an initial deal where new tariffs to be mutually imposed on December 15 would not be implemented. The U.S. says it will cut in half the existing 15 percent tariffs while China says it will buy more high quality U.S. agricultural products.
2019?2019December?20191213December 13December 13, 201920191213California Governor Newsom rejects PG&E’s bankruptcy reorganization plan.
2019?2019December?20191220December 20December 20, 201920191220U.S. real GDP growth in the third quarter of 2019 remained at 2.1 percent (seasonally adjusted annualized rate) with personal consumption expenditures contributing 1.8 percent of growth, according to the final estimate released by the Bureau of Economic Analysis. U.S. real GDP increased 4.2 percent in the second quarter and 2.2 percent in the first quarter.
2019?2019December?20191220December 20December 20, 201920191220California’s population increased by 141,300 people between July 1, 2018 and July 1, 2019, to total 39.96 million, according to official population estimates released by the California Department of Finance. This represents a growth rate of 0.35 percent, down from 0.57 percent for the prior 12 months -- the two lowest recorded growth rates in state population since 1900.
2019?2019December?20191220December 20December 20, 201920191220California’s unemployment rate remained at its record-low 3.9 percent in November, while the U.S. unemployment rate edged down to 3.5 percent in November, the lowest in 50 years. California’s nonfarm employment growth was 1.9 percent in November on a year-over-year basis compared to 1.5 percent for the U.S.
2019?2019December?20191222December 22December 22, 201920191222China announces the reduction of import tariffs on 850 products on January 1, 2020 and measures to open markets in several industries.
2019?2019December?20191226December 26December 26, 201920191226Nasdaq closes above 9,000 for the first time in history at 9,022.
2019?2019December?20191231December 31December 31, 201920191231The Dow Jones industrial average closes at 28,538 points, a 22.3-percent annual gain in 2019—best year since 2017. The S&P 500 ends the year at 3,231 points, a 28.9-percent annual gain this year and the Nasdaq closes at 8,973 points rallying 35.2 percent in 2019—their best annual gain since 2013.
2018?2018January?20180101January 01January 1, 201820180101California statewide minimum wage increases from $10.50 to $11.00 per hour for employers with 26 or more employees. The minimum wage hourly rate increases in the following California cities: Cupertino, from $12.00 to $13.50 El Cerrito, from $12.25 to $13.60 Los Altos, from $12.00 to $13.50 Mountain View, from $13.00 to $15.00 Oakland, from $12.86 to $13.23 Palo Alto, from $12.00 to $13.50 Richmond, from $12.30 to $13.00 San Mateo, from $12.00 to $13.50 Santa Clara, from $11.10 to $13.00 Sunnyvale, from $13.00 to $15.00 Minimum wage increases go into effect in 17 other states.
2018?2018January?20180101January 01January 1, 201820180101Vehicle registration fees in California increase by $25 to $175—depending on the current market value of the vehicle—due to the new transportation improvement fee created by the “California Road Repair and Accountability Act of 2017”.
2018?2018January?20180120January 20 - 22January 20 - 22, 201820180120Budget impasse causes partial federal government shutdown and furlough of non-essential federal employees.
2018?2018January?20180122January 22January 22, 201820180122President Trump signs bill to fund the government through February 8, 2018 ending the federal government shutdown.
2018?2018January?20180122January 22January 22, 201820180122President Trump imposes tariffs of as much as 30 percent on imported solar panels and washing machines.
2018?2018January?20180126January 26January 26, 201820180126U.S. real GDP grew at a 2.6 percent annual rate in the fourth of 2017 led by strong consumer spending, up 3.8 percent and accounting for all of the quarter's gains. In the third quarter, real GDP increased by 3.2 percent.
2018?2018February?20180202February 02February 2, 201820180202U.S. average hourly earnings increased 2.9 percent annualized in January 2018—the largest increase since June 2009. Leading to concerns about inflation the Dow closes down 666 points, or 2.5 percent, the largest percentage decline since the Brexit turmoil in June 2016.
2018?2018February?20180205February 05February 5, 201820180205Jerome H. Powell takes over as chairman of the Federal Reserve.
2018?2018February?20180205February 05February 5, 201820180205The Dow plunges 1,175 points, or 4.6 percent, the worst point decline in history, and the biggest percentage decline since the European debt crisis in August 2011. S&P 500 falls 113 points, or 4.1 percent. Nasdaq drops 273 points, or 3.8 percent.
2018?2018February?20180208February 08February 8, 201820180208The U.S. stock market is officially in correction territory. The Dow and S&P 500 closes down more than 10 percent from their peak in late January 2018. The last market correction was in early 2016.
2018?2018February?20180228February 28February 28, 201820180228U.S. real GDP grew at a 2.5 percent annual rate in the fourth quarter of 2017, slightly less than the initially reported 2.6 percent pace. The downward revision largely reflected a smaller inventory build and a lower estimate of software investment. Consumer spending remained strong while net exports were revised slightly higher.
2018?2018March?20180306March 06March 6, 201820180306The latest benchmark revision to the California labor market statistics shows nonfarm payroll employment growth was considerably stronger than what was first estimated.
2018?2018March?20180308March 08March 8, 201820180308President Trump enacts new tariffs of 25 percent on imported steel and 10 percent on imported aluminum, with exemptions for Canada and Mexico. The tariffs will go into effect on March 23 and remain in force for an indefinite period.
2018?2018March?20180321March 21March 21, 201820180321The Federal Reserve raises the federal funds rate target by a quarter-point, to a range of 1.5 percent to 1.75 percent, the sixth increase since the financial crisis.
2018?2018March?20180322March 22March 22, 201820180322President Trump proposes new tariffs on up to $60 billion worth of Chinese technology product imports. The U.S. stock market closes sharply lower with major indexes down around 2-3 percent.
2018?2018March?20180322March 22March 22, 201820180322Personal income in California grew by 4.1 percent in 2017, up from 3.7 percent in 2016. The national growth rate was 3.1 percent in 2017, up from 2.3 percent in 2016.
2018?2018March?20180323March 23March 23, 201820180323U.S. tariffs on steel and aluminum imports take effect. Temporary exemptions were given to Canada, Mexico, the European Union, Australia, Argentina, Brazil, and South Korea.
2018?2018March?20180323March 23March 23, 201820180323Dropbox IPO.
2018?2018March?20180328March 28March 28, 201820180328U.S. real GDP growth for fourth quarter 2017 was revised higher by 0.4 points to 2.9 percent on stronger consumer spending and business fixed investment, according to the final estimate released by Bureau of Economic Analysis.
2018?2018April?20180401April 01April 1, 201820180401China announces tariffs of up to 25 percent on 128 U.S. products, from pork and wine to certain fruits and nuts, in response to U.S. tariffs on imports of steel and aluminum.
2018?2018April?20180403April 03April 3, 201820180403President Trump proposes 25 percent tariffs on Chinese imports of 1,300 industrial technology, transport, and medical products, worth up to $50 billion.
2018?2018April?20180404April 04April 4, 201820180404China announces additional tariffs of 25 percent on 106 U.S. products including soybeans, corn products, automobiles, chemicals, and certain types of aircraft, worth up to $50 billion.
2018?2018April?20180405April 05April 5, 201820180405President Trump instructs U.S. trade officials to consider $100 billion in additional tariffs on China.
2018?2018April?20180413April 13April 13, 201820180413The United States, the United Kingdom, and France launch air strikes in Syria in response to a suspected chemical weapons attack on civilians in Douma, Syria.
2018?2018April?20180427April 27April 27, 201820180427U.S. real GDP grew at an annual rate of 2.3 percent in the first quarter of 2018, according to the first estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2017, U.S. real GDP increased 2.9 percent.
2018?2018April?20180427April 27April 27, 201820180427DocuSign IPO.
2018?2018April?20180430April 30April 30, 201820180430The California Supreme Court issues a new standard for determining whether workers should be classified as employees or independent contractors. To classify someone as an independent contractor, California business owners must prove that the worker is free from the control and direction of the employer; performs work that is outside the hirer's core business; and customarily engages in an independently established trade, occupation, or business of the same nature as the work performed for the hiring entity.
2018?2018May?20180501May 01May 1, 201820180501According to California Department of Finance’s annual population and housing report, California’s population grew by 0.78 percent in 2017, adding 309,000 residents to total 39,810,000 as of January 1, 2018. California's statewide housing growth, as measured by net unit growth in completed housing units for 2017, was up 0.6 percent from the previous year, adding 85,000 units to total 14,158,000 units as of January 1, 2018.
2018?2018May?20180504May 04May 4, 201820180504California’s economy became the world's fifth largest in 2017 with a gross domestic product of $2.75 trillion in 2017. In real terms, California’s GDP growth was 3 percent for 2017, compared to 2.3 percent for the U.S. All industrial sectors except agriculture contributed to California’s higher GDP in 2017.
2018?2018May?20180508May 08May 8, 201820180508President Trump announces U.S. withdrawal from the Iran nuclear deal.
2018?2018May?20180530May 30May 30, 201820180530U.S. real GDP grew by an annualized 2.2 percent in the first quarter of 2018, down from the initial estimate of 2.3 percent, primarily reflecting downward revisions to inventory investment, residential fixed investment, and net exports that were partly offset by an upward revision to business fixed investment.
2018?2018May?20180531May 31May 31, 201820180531President Trump imposes tariffs on steel and aluminum imports from Canada, Mexico, and the European Union starting on June 1st. The temporary exemptions granted in March will expire on June 1st. The European Union, Mexico, and Canada announced equivalent tariff measures on U.S. exports.
2018?2018June?20180611June 11June 11, 201820180611The repeal of net neutrality rules becomes official. The net neutrality rules had required internet service providers to offer equal access to all web content and applications and to not charge differently by user, content, and website.
2018?2018June?20180612June 12June 12, 201820180612The United States and North Korea holds first summit. A joint statement was signed, agreeing to security guarantees for North Korea, new peaceful relations, and the reaffirmation of the denuclearization of the Korean Peninsula, and follow-up negotiations between high-level officials.
2018?2018June?20180613June 13June 13, 201820180613The Federal Reserve raises the federal funds rate target by a quarter-point, to a range of 1.75 percent to 2.00 percent, the seventh increase since the financial crisis.
2018?2018June?20180615June 15June 15, 201820180615China announces additional tariffs of 25 percent on 659 U.S. products, revised up from the preliminary list of 106 U.S. products announced in April.
2018?2018June?20180619June 19June 19, 201820180619President Trump instructs U.S. trade officials to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.
2018?2018June?20180622June 22June 22, 201820180622The European Union imposes additional tariffs of 25 percent on $3.2 billion worth of U.S. products in response to U.S. tariffs on imports of EU steel and aluminum.
2018?2018June?20180628June 28June 28, 201820180628U.S. real GDP growth in the first quarter of 2018 was downwardly revised to 2.0 percent from the initially reported 2.2 percent reflecting downward revisions to private inventory investment, consumer expenditure, and exports, according to the final estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2017, real GDP increased 2.9 percent.
2018?2018June?20180629June 29June 29, 201820180629Canada announces additional tariffs on 229 U.S. products effective July 1, 2018 in response to U.S. tariffs on imports of Canadian steel and aluminum.
2018?2018July?20180701July 01July 1, 201820180701he minimum wage hourly rate increases in the following California cities: Emeryville, from $15.20 to $15.69 Los Angeles, from $12.00 to $13.25 Malibu, from $12.00 to $13.25 Milpitas, from $12.00 to $13.25 Pasadena, from $12.00 to $13.25 San Francisco, from $14.00 to $15.00 San Leandro, from $12.00 to $13.00 Santa Monica, from $12.00 to $13.25
2018?2018July?20180705July 05July 5, 201820180705Lithuania becomes the 36th member of the OECD.
2018?2018July?20180706July 06July 6, 201820180706U.S. tariffs on Chinese imports of machinery, electronics, and other high-tech equipment including cars, computer hard drives and LEDs worth $34 billion take effect.
2018?2018July?20180706July 06July 6, 201820180706Governor Brown declares state of emergency in San Diego County due to West Fire.
2018?2018July?20180711July 11July 11, 201820180711California’s greenhouse gas emissions fell below 1990 levels in 2016—four years earlier than the 2020 target, according to the California Air Resources Board.
2018?2018July?20180712July 12July 12, 201820180712U.S. inflation, as measured by the consumer price index, increased 2.9 percent In the 12 months through June, the biggest increase in six years.
2018?2018July?20180726July 26July 26, 201820180726Facebook’s share price drops 19 percent, losing $119 billion in value—the largest single day loss in corporate history—after warning that user and revenue growth will slow.
2018?2018July?20180726July 26July 26, 201820180726Governor Brown declares state of emergency in Riverside and Shasta counties due to the Cranston and Carr fires and in Mariposa County due to Ferguson Fire.
2018?2018July?20180727July 27July 27, 201820180727U.S. real GDP grew at a 4.1 percent annualized pace in the second quarter, its best pace since 2014.
2018?2018July?20180728July 28July 28, 201820180728Governor Brown declares state of emergency in Lake, Mendocino, and Napa counties due to the River, Ranch, and Steele fires.
2018?2018August?20180802August 02August 2, 201820180802Apple Inc. becomes the world's first publicly traded company to achieve a market capitalization of $1 trillion.
2018?2018August?20180806August 06August 6, 201820180806The United States reimposes economic sanctions against Iran that were lifted under a 2015 nuclear accord.
2018?2018August?20180808August 08August 8, 201820180808New York becomes the first major U.S. city to halt new licenses for Uber and other ride-hail vehicles for a year while the city studies the growing industry.
2018?2018August?20180820August 20August 20, 201820180820Greece completes its third and last bailout program, ending nearly 10 years of financial assistance from the EU and IMF, worth nearly 310 billion euros.
2018?2018August?20180822August 22August 22, 201820180822The U.S. stock market sets a record for the longest bull market run in history. Since March 9, 2009, the S&P 500 has risen 323 percent, the Nasdaq has gained 522 percent, and the Dow has appreciated about 293 percent.
2018?2018August?20180827August 27August 27, 201820180827The Nasdaq closes above 8,000 for the first time at 8,018.
2018?2018August?20180829August 29August 29, 201820180829U.S. real GDP grew at a 4.2 percent annualized pace in the second quarter, revised up from the initial estimate of 4.1 percent, on stronger business fixed investment.
2018?2018September?20180904September 04September 4, 201820180904Amazon becomes the second publicly traded company, following Apple Inc., to reach a $1 trillion market capitalization.
2018?2018September?20180910September 10September 10, 201820180910California Governor signs legislation that would require 100 percent of the state’s electricity to come from solar, wind, and other emissions-free sources by 2045. In May 2018, the state became the first in the nation to mandate solar rooftop panels on almost all new homes.
2018?2018September?20180912September 12September 12, 201820180912The United States is now the world’s largest crude oil producer surpassing Russia and Saudi Arabia. Much of the recent growth in U.S. oil production has occurred in the Permian region in western Texas and eastern New Mexico, the Federal Offshore Gulf of Mexico, and the Bakken region in North Dakota and Montana.
2018?2018September?20180914September 14 - 19September 14 - 19, 201820180914Hurricane Florence strikes North Carolina and South Carolina causing 40 deaths and approximately $13 billion in damages.
2018?2018September?20180924September 24September 24, 201820180924U.S. imposes an additional tariff of 10 percent on $200 billion worth of Chinese imports. The additional tariff will increase to 25 percent on January 1, 2019. In response, China imposes tariffs on U.S. products valued at about $60 billion.
2018?2018September?20180926September 26September 26, 201820180926The Federal Reserve raises the federal funds rate target by a quarter-point, to a range of 2.00 percent to 2.25 percent, the eighth increase since the financial crisis.
2018?2018September?20180927September 27September 27, 201820180927U.S. real GDP increased at an annual rate of 4.2 percent in the second quarter, according to the third estimate released by the Bureau of Economic Analysis, with consumption, private fixed investment, and exports as the main drivers of growth.
2018?2018September?20180928September 28September 28, 201820180928A magnitude 7.5 earthquake hits Sulawesi, Indonesia, triggering a tsunami, and killing over 2,200 and injuring more than 10,000 people.
2018?2018October?20181001October 01October 1, 201820181001Berkeley city minimum wage increases from $13.75 to $15.00 per hour.
2018?2018October?20181001October 01October 1, 201820181001The United States, Canada, and Mexico strike a new trade deal named the U.S.-Mexico-Canada Agreement, or USMCA, to replace NAFTA, pending Congressional approval. Compared to NAFTA, the USMCA gives the U.S. more access to Canada's dairy market, incentivizes more domestic production of cars and trucks, increases environmental and labor regulations, and introduces updated intellectual property protections.
2018?2018October?20181002October 02October 2, 201820181002Amazon announces that it would raise its minimum wage for all U.S. employees to $15 an hour starting on November 1. Amazon will also suspend bonuses and stock awards for its hourly employees.
2018?2018October?20181005October 05October 5, 201820181005The U.S. unemployment rate fell to 3.7 percent in September, its lowest level since 1969.
2018?2018October?20181005October 05October 5, 201820181005The U.S. benchmark mortgage rate reaches the 5 percent threshold for the first time since early 2011.
2018?2018October?20181010October 10October 10, 201820181010The Dow loses 832 points, or 3.1 percent, while the S&P 500 falls 95 points, or 3.3 percent, their biggest one-day drops since February 5, 2018. The Nasdaq drops 316 points, or 4.1 percent, its largest one-day drop since June 24, 2016.
2018?2018October?20181010October 10 - 16October 10 - 16, 201820181010Hurricane Michael strikes the Florida Panhandle causing 54 deaths and approximately $8 billion in damages.
2018?2018October?20181011October 11October 11, 201820181011Social Security and Supplemental Security income payments will increase by 2.8 percent in 2019, the biggest increase in seven years.
2018?2018October?20181012October 12October 12, 201820181012Facebook announces security breach affecting 29 million users.
2018?2018October?20181015October 15October 15, 201820181015Sears files for Chapter 11 bankruptcy.
2018?2018October?20181016October 16October 16, 201820181016Job openings in the United States hit a record high of 7.14 million in August.
2018?2018October?20181017October 17October 17, 201820181017The United States was named the world's most competitive economy for the first time since 2008, by the World Economic Forum, with the top five countries rounded out by Singapore, Germany, Switzerland, and Japan.
2018?2018October?20181017October 17October 17, 201820181017Canada becomes the second country in the world to legalize cannabis for recreational use.
2018?2018October?20181024October 24October 24, 201820181024The Dow drops more than 600 points, wiping out the gains for the year. The Nasdaq falls more than 300 points, and into correction territory.
2018?2018October?20181026October 26October 26, 201820181026U.S. real GDP grew at an annual rate of 3.5 percent in the third quarter of 2018 with consumer spending and inventory investment as the main drivers, according to the first estimate released by the Bureau of Economic Analysis. This follows growth of 4.2 percent in the second quarter and 2.2 percent in the first quarter.
2018?2018October?20181029October 29October 29, 201820181029The United Kingdom announces a new digital services tax of 2 percent on local revenues generated by the world’s largest technology companies starting in April 2020.
2018?2018October?20181030October 30October 30, 201820181030U.S. consumer confidence rises to an 18-year high in October.
2018?2018November?20181106November 06November 6, 201820181106U.S. midterm election. The Republicans retain control of the Senate while the Democrats regain control of the House of Representatives.
2018?2018November?20181108November 8 - 25November 8 - 25, 201820181108A wildfire hit the densely populated town of Paradise in Butte County, California, burning over 153,000 acres and 18,804 structures, causing at least 86 deaths and property damages in excess of $16 billion, making this the deadliest and most destructive wildfire in California history to date. Wildfires hit Los Angeles and Ventura counties in southern California burning over 101,000 acres and 1,647 structures, causing three deaths and property damages in excess of $3 billion.
2018?2018November?20181113November 13November 13, 201820181113Amazon announces that it has selected New York City and Arlington, Virginia as the locations for its new headquarters. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington.
2018?2018November?20181127November 27November 27, 201820181127Online shopping on Cyber Monday generated a record $7.9 billion in sales in 2018, a 19.3 percent increase from 2017.
2018?2018November?20181128November 28November 28, 201820181128U.S. real GDP growth remained at an annual rate of 3.5 percent in the third quarter of 2018 as downward revisions to consumer spending and government spending were offset by upward revisions to nonresidential fixed investment and private inventory investment. This follows growth of 4.2 percent in the second quarter and 2.2 percent in the first quarter.
2018?2018November?20181129November 29November 29, 201820181129Life expectancy in the United States declined for the second consecutive year in 2017 (from 78.7 to 78.6 years). Life expectancy remained unchanged for women (at 81.1 years) and fell for men (from 76.2 to 76.1 years). In California, life expectancy remained unchanged for both women (83.5 years) and men (78.8 years).
2018?2018December?20181201December 1 - 8December 1 - 8, 201820181201France experiences its worst civil unrest since the protests of 1968.
2018?2018December?20181211December 11December 11, 201820181211The California Department of Tax and Fee Administration announces that beginning April 1, 2019, out-of-state retailers selling above certain thresholds into California will be required to collect California use taxes on their sales into California.
2018?2018December?20181219December 19December 19, 201820181219The Federal Reserve raises the federal funds rate target by a quarter-point, to a range of 2.25 percent to 2.50 percent, the ninth increase since the financial crisis. The stock market closes at new lows for the year.
2018?2018December?20181221December 21December 21, 201820181221U.S. real GDP growth for third quarter 2018 was revised lower by 0.1 point to 3.4 percent, according to the final estimate released by the Bureau of Economic Analysis. U.S. real GDP increased 4.2 percent in the second quarter and 2.2 percent in the first quarter.
2018?2018December?20181221December 21December 21, 201820181221California’s population grew by 215,000 people between July 1, 2017 and July 1, 2018 to total 39.8 million, according to official state population estimates by the California Department of Finance. This represents a growth rate of 0.54 percent.
2018?2018December?20181222December 22December 22, 201820181222U.S. budget impasse causes partial federal government shutdown and furlough of non-essential federal employees.
2018?2018December?20181226December 26December 26, 201820181226The Dow Jones industrial average posts its largest ever one-day point gain of 1,086 points.
2018?2018December?20181231December 31December 31, 201820181231The Dow Jones industrial average posts a 5.6 percent annual loss in 2018 to close at 23,327 points and the S&P 500 drops 6.2 percent to end 2018 at 2,507 points, their first annual loss since 2015 and biggest annual loss since 2008 when they dropped 33.8 percent and 38.5 percent, respectively. The Nasdaq falls 3.9 percent in 2018 to close at 6,635, its first annual loss since 2012 and largest annual loss since 2008, when it dropped 40.5 percent.
2018?2018December?20181231Winter 2018Winter 201820181231Storms fueled by a stream of tropical moisture set rain records in California causing damage to Oroville Dam. Between October 2016 and February 2017, California has averaged 27.81 inches of precipitation, the highest average in 122 years of record-keeping. California’s largest reservoirs are collectively at 117 percent of average while the Sierra Nevada snowpack is at 185 percent of normal.
2017?2017January?20170101January 01January 1, 201720170101California minimum wage increases from $10.00 to $10.50 per hour for employers with 26 or more employees. Cupertino city minimum wage increases from $10.00 to $12.00 per hour. El Cerrito city minimum wage increases from $11.60 to $12.25 per hour. Los Altos city minimum wage increases from $10.00 to $12.00 per hour. Mountain View city minimum wage increases from $11.00 to $13.00 per hour. Oakland city minimum wage increases from $12.55 to $12.86 per hour. Palo Alto city minimum wage increases from $10.00 to $12.00 per hour. Richmond city minimum wage increases from $11.52 to $12.30 per hour. San Diego city minimum wage increases from $10.50 to $11.50 per hour. San Jose city minimum wage increases from $10.30 to $10.50 per hour. San Mateo city minimum wage increases from $10.00 to $12.00 per hour. Santa Clara city minimum wage increases from $11.00 to $11.10 per hour. Sunnyvale city minimum wage increases from $11.00 to $13.00 per hour. Minimum wage increases go into effect in 18 other states and the District of Columbia.
2017?2017January?20170106January 06January 6, 201720170106U.S. average hourly earnings grew at 2.9 percent in 2016, the best annual increase since 2009.
2017?2017January?20170118January 18January 18, 201720170118The earth averaged its warmest temperature on record in 2016, passing previous records set in 2014 and 2015, according to the NOAA and NASA.
2017?2017January?20170120January 20January 20, 201720170120Donald Trump is inaugurated as the 45th president of the United States.
2017?2017January?20170125January 25January 25, 201720170125The Dow Jones industrial average closes above 20,000 for the first time at 20,068.51.
2017?2017January?20170126January 26January 26, 201720170126The University of California Regents approve a 2.5 percent increase in tuition beginning this fall, lifting a six-year freeze.
2017?2017February?20170215February 15February 15, 201720170215U.S. consumer prices rose 2.5 percent in January from a year ago, the biggest year-over-year increase since March 2012.
2017?2017February?20170228February 28February 28, 201720170228U.S. real GDP grew by 1.9 percent in the fourth quarter of 2016 after rising 3.5 percent in the third quarter, according to the second estimate released by the Bureau of Economic Analysis.
2017?2017March?20170302March 02March 2, 201720170302Snap IPO.
2017?2017March?20170308March 08March 8, 201720170308U.S. productivity rose 0.2 percent in 2016, the smallest increase since a 0.1 percent gain in 2011.
2017?2017March?20170315March 15March 15, 201720170315U.S. consumer prices rose 2.7 percent in February from a year ago, the biggest year-over-year increase since February 2012. The Federal Reserve raises the federal funds rate target by a quarter-point, to a range between 0.75 percent and 1 percent.
2017?2017March?20170322March 22March 22, 201720170322The California State University Trustees approve a tuition increase of 5 percent for undergraduate students and 6.5 percent for graduate students starting this fall, ending the six-year freeze. Terrorist attack on Westminster Bridge in London.
2017?2017March?20170324March 24March 24, 201720170324The California Air Resources Board votes to continue with the vehicle greenhouse gas emission standards and zero-emission vehicle program for cars and light trucks sold in California through 2025.
2017?2017March?20170328March 28March 28, 201720170328President Trump issues executive order unwinding former President Obama’s climate programs and policies, including the Clean Power Plan, oil and gas methane regulations, the coal leasing moratorium, the social cost of carbon metric, the National Environmental Policy Act’s greenhouse gas guidance, and the Climate Action Plan.
2017?2017March?20170329March 29March 29, 201720170329The United Kingdom invokes Article 50 beginning the formal process to leave the European Union (Brexit).
2017?2017April?20170406April 06April 6, 201720170406The U.S. military strikes Syrian air base with cruise missiles in response to a suspected chemical weapons attack in Syria’s Idlib province.
2017?2017April?20170407April 07April 7, 201720170407Governor Brown declares an official end to the drought in California, except in Fresno, Kings, Tulare, and Tuolumne counties.
2017?2017April?20170410April 10April 10, 201720170410Aerojet announces that it will eliminate 1,100 jobs and cease manufacturing operations in Rancho Cordova, California by the end of 2019.
2017?2017April?20170411April 11April 11, 201720170411The U.S. Bureau of Reclamation says it will provide a 100-percent allocation of water to California’s Central Valley Project customers this year for the first time since 2006.
2017?2017April?20170425April 25April 25, 201720170425The Nasdaq closes above 6,000 for the first time at 6,026.
2017?2017April?20170428April 28April 28, 201720170428U.S. real GDP grew by 0.7 percent in the first quarter of 2017, the weakest quarterly growth rate in three years, according to the first estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2016, U.S. real GDP increased 2.1 percent. California Governor Brown signs The Road Repair and Accountability Act of 2017 which would raise an average of $5.4 billion per year through a 12‑cent increase in the base gasoline excise tax rate, a new fee based on vehicle value, and other means over ten years to pay for California’s road repairs and maintenance, bridge repairs, public transit, and other projects.
2017?2017May?20170501May 01May 1, 201720170501According to an annual population and housing report released by the California Department of Finance, California’s population grew by 0.85 percent in 2016, adding 335,000 residents to total 39,524,000 as of January 1, 2017. California's statewide housing growth, as measured by net unit growth in completed housing units for 2016, was up over 31 percent from the previous year, adding 89,000 units. The total number of housing units in the state has now passed the 14 million mark for the first time (14,071,000).
2017?2017May?20170503May 03May 3, 201720170503Puerto Rico files for bankruptcy.
2017?2017May?20170507May 07May 7, 201720170507Emmanuel Macron wins the French presidential election.
2017?2017May?20170509May 09May 9, 201720170509President Trump fires FBI Director James Comey.
2017?2017May?20170511May 11May 11, 201720170511California’s economy remained the 6th largest in the world in 2016 with a gross domestic product of $2.6 trillion in 2016.
2017?2017May?20170512May 12May 12, 201720170512A ransomware cyberattack called WannaCry targets Windows-based computers worldwide by encrypting data and demanding ransom payments. More than 230,000 computers in over 150 countries were estimated to have been infected.
2017?2017May?20170517May 17May 17, 201720170517U.S. federal court approves $225 million Volkswagen emissions settlement. California expects to receive $66 million from this settlement for mitigation and clean car investment.
2017?2017May?20170518May 18May 18, 201720170518California's Occupational Safety and Health Standards Board approves new safety rules for oil refineries.
2017?2017May?20170522May 22May 22, 201720170522Terrorist attack at a concert venue in Manchester, England.
2017?2017May?20170524May 24May 24, 201720170524Moody's downgrades China’s credit rating for first time since 1989, from Aa3 to A1. Moody's also downgrades Hong Kong’s credit rating from Aa1 to Aa2.
2017?2017May?20170525May 25May 25, 201720170525OPEC agrees to extend oil production cuts through March 2018.
2017?2017May?20170526May 26May 26, 201720170526U.S. real GDP growth in the first quarter of 2017 was upwardly revised to 1.2 percent from the initially reported 0.7 percent on better data on consumer expenditure and business fixed investment.
2017?2017June?20170601June 01June 1, 201720170601President Trump announces that the U.S. is to withdraw from the Paris climate accord. California joins New York and Washington states to form the United States Climate Alliance, a bipartisan group of states that are committed to upholding the objectives of the Paris climate accord.
2017?2017June?20170603June 03June 3, 201720170603Terrorist attack in the Southwark district of London.
2017?2017June?20170605June 05June 5, 201720170605Saudi Arabia, the United Arab Emirates, Egypt, Bahrain, Yemen, the Maldives, Libya, and Mauritania cut diplomatic relations with Qatar. Montenegro becomes the 29th member of the North Atlantic Treaty Organization (NATO).
2017?2017June?20170606June 06June 6, 201720170606California and China sign climate deals that include investments in low-carbon energy sources, cooperation on climate research, and the commercialization of cleaner technologies.
2017?2017June?20170608June 08June 8, 201720170608Britain’s general election ends in hung parliament, where the Conservative Party lost their majority but remained the largest party.
2017?2017June?20170614June 14June 14, 201720170614The Federal Reserve raises the federal funds rate target by a quarter-point, to a range between 1 percent and 1.25 percent.
2017?2017June?20170616June 16June 16, 201720170616Amazon announces plan to buy Whole Foods Market for $13.7 billion.
2017?2017June?20170627June 27June 27, 201720170627California Governor Jerry Brown signs the 2017-18 state budget bill which calls for $125.1 billion in General Fund spending and $54.9 billion in special fund spending, along with $3.3 billion in bond spending.
2017?2017June?20170627June 27 - 30June 27 - 30, 201720170627Maersk’s shipping terminal, the biggest terminal at the Port of Los Angeles, shuts down after its IT systems and websites were infected by the global cyber attack called Petya.
2017?2017June?20170629June 29June 29, 201720170629U.S. real GDP growth in the first quarter of 2017 was upwardly revised to 1.4 percent from the initially reported 1.2 percent on better data on consumer expenditure and exports according to the final estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2016, real GDP increased 2.1 percent.
2017?2017July?20170701July 01July 1, 201720170701Emeryville city minimum wage increases from $14.82 to $15.20 per hour.Los Angeles city and county minimum wage increases from $10.50 to $12.00 per hour for employers with 26 or more employees. Malibu city minimum wage increases from $10.50 to $12.00 per hour for employers with 26 or more employees. Milpitas city minimum wage increases from $10.50 to $11.00 per hour. Pasadena city minimum wage increases from $10.50 to $12.00 per hour for employers with 26 or more employees. San Francisco city and county minimum wage increases from $13.00 to $14.00 per hour. San Jose city minimum wage increases from $10.50 to $12.00 per hour. San Leandro city minimum wage increases from $10.50 to $12.00 per hour. Santa Monica city minimum wage increases from $10.50 to $12.00 per hour for employers with 26 or more employees.
2017?2017July?20170701July 01July 1, 201720170701New consumer credit reporting standards take effect. Credit reporting bureaus will begin excluding records of civil judgments and tax liens that don't have minimum identifying information including Social Security numbers or dates of birth as well as any record of judgments or liens that hasn't been updated within 90 days.
2017?2017July?20170703July 03July 3, 201720170703Iran signs a $5 billion deal with France's Total S.A. and the state-owned China National Petroleum Corporation to develop Iran’s offshore natural gas field.
2017?2017July?20170705July 05July 5, 201720170705Volvo announces plan to build only electric and hybrid vehicles from 2019.
2017?2017July?20170706July 06July 6, 201720170706The European Union and Japan agree on a free-trade deal that would allow for trading in goods without tariff barriers between the two economies.
2017?2017July?20170714July 14July 14, 201720170714Investment returns at the nation's two largest public pension systems, CalPERS and CalSTRS, beat earnings target for the first time in three years, earning 11.2 percent and 13.4 percent respectively, for the fiscal year that ended June 30, 2017.
2017?2017July?20170725July 25July 25, 201720170725Governor Brown signs legislation to extend California’s cap-and-trade program by ten years until 2030. The program is designed to provide a financial incentive for companies to reduce carbon emissions.
2017?2017July?20170726July 26July 26, 201720170726Britain announces plan to phase-out sales of gasoline- and diesel-powered vehicles in favor of electric, hybrid, and alternative fuel vehicles by 2040 joining other countries that have earlier announced similar pledges and target dates including: Austria by 2020; Denmark, the Netherlands, and Norway by 2025; Germany, India, Ireland, and Portugal by 2030; and France by 2040.
2017?2017July?20170728July 28July 28, 201720170728U.S. real GDP grew by 2.6 percent in the second quarter of 2017, according to the first estimate released by the Bureau of Economic Analysis. Growth in the first quarter of 2017 was downwardly revised to 1.2 percent from the initially reported 1.4 percent.
2017?2017August?20170802August 02August 2, 201720170802The United States levies new sanctions on Russia’s defense and energy sectors.
2017?2017August?20170805August 05August 5, 201720170805The United Nations Security Council approves new sanctions on North Korea for its continued intercontinental ballistic missile testing. The new sanctions target North Korea's primary exports, including coal, iron, lead, and seafood; and other revenue streams, such as banks and joint ventures with foreign companies.
2017?2017August?20170814August 14August 14, 201720170814Japan’s economy grew by 4 percent in the second quarter, its strongest pace in more than two years reflecting stronger domestic demand.
2017?2017August?20170817August 17 - 18August 17 - 18, 201720170817Terrorists attack in Barcelona and Cambrils, Spain.
2017?2017August?20170825August 25 - 30August 25 - 30, 201720170825Hurricane Harvey strikes Texas and Louisiana causing 77 deaths and damages estimated at between $70 and $200 billion.
2017?2017August?20170830August 30August 30, 201720170830U.S. real GDP grew at a 3.0-percent annual rate in the second quarter of 2017, revised up from the first estimate of 2.6 percent. The 3.0 percent growth rate was the fastest in more than two years.
2017?2017September?20170903September 03September 3, 201720170903North Korea conducts its sixth and most powerful nuclear test.
2017?2017September?20170907September 07September 7, 201720170907A magnitude 8.1 earthquake hit the southern part of Mexico, the strongest to hit the country in a century.
2017?2017September?20170906September 6 - 10September 6 - 10, 201720170906Hurricane Irma strikes the Caribbean islands and the states of Florida and Georgia causing at least 134 deaths and approximately $63 billion in damages.
2017?2017September?20170911September 11September 11, 201720170911The United Nations Security Council increased sanctions against North Korea, including capping the country’s oil imports, banning textile exports, ending additional overseas laborer contracts, suppressing smuggling efforts, and stopping joint ventures with other countries.
2017?2017September?20170912September 12September 12, 201720170912California’s poverty rate remains highest in the nation when factoring in living costs such as housing, taxes, and medical costs. An estimated 20.4 percent of California residents lived in poverty in a three-year average of 2014, 2015, and 2016, according to the U.S. Census Bureau’s Supplemental Measure of Poverty.
2017?2017September?20170919September 19September 19, 201720170919A magnitude 7.1 earthquake hit central Mexico.
2017?2017September?20170919September 19 - 20September 19 - 20, 201720170919Hurricane Maria strikes the Caribbean causing at least 88 deaths and damages estimated in excess of $50 billion.
2017?2017September?20170921September 21September 21, 201720170921Standard & Poor’s downgrades China's credit rating to A+ from AA-.
2017?2017September?20170923September 23September 23, 201720170923A magnitude 6.1 earthquake hit Oaxaca state in southern Mexico.
2017?2017September?20170928September 28September 28, 201720170928Second quarter U.S. real GDP growth revised to 3.1 percent from the previous estimate of 3.0 percent.
2017?2017September?20170929September 29September 29, 201720170929Governor Jerry Brown signs a package of housing legislation aimed at addressing California’s housing affordability crisis. The legislation will provide new funding for affordable housing projects for low-income to moderate-income residents and housing developments near jobs and public transportation, seek to lower the cost of construction, fast-track building, restrict the ability of cities and counties to block new development, expand the low-income tax credit program, and assist the homeless in California.
2017?2017October?20171001October 01October 1, 201720171001Berkeley city minimum wage increases from$12.53 to $13.75 per hour.
2017?2017October?20171008October 8 - 31October 8 - 31, 201720171008Wildfires hit northern California burning over 245,000 acres and causing 43 deaths and damages in excess of $9 billion. A state of emergency was declared for the counties of Napa, Sonoma, Yuba, Butte, Lake, Mendocino, Nevada, Orange, and Solano.
2017?2017October?20171027October 27October 27, 201720171027U.S. real GDP increased at an annual rate of 3.0 percent in the third quarter of 2017, according to the first estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.
2017?2017October?20171031October 31October 31, 201720171031Terrorist attack in lower Manhattan, New York.
2017?2017November?20171101November 01November 1, 201720171101California’s gasoline excise tax increases by 12 cents per gallon, diesel excise tax increases by 20 cents per gallon, and diesel sales tax increases by 4 percent.
2017?2017November?20171127November 27November 27, 201720171127Online shopping on Cyber Monday reached a record $6.59 billion in sales, a 16.8 percent increase from a year ago.
2017?2017November?20171129November 29November 29, 201720171129U.S. real GDP growth for third quarter was revised up by 0.3 points to a three-year high of 3.3 percent. The upward revision reflected increases in business investment, private inventories, and net exports.
2017?2017December?20171204December 4, 2017 - January 12, 2018December 4, 2017 - January 12, 201820171204Wildfires hit southern California burning over 307,000 acres and causing damages in excess of $3 billion. A state of emergency was declared for the counties of Ventura, Los Angeles, and San Diego.
2017?2017December?20171213December 13December 13, 201720171213The Federal Reserve raises the federal funds rate target by a quarter-point, between 1.25 percent and 1.5 percent, the third increase in the benchmark rate this year and the fifth since the financial crisis.
2017?2017December?20171214December 14December 14, 201720171214The U.S. Federal Communications Commission repeals the so-called net neutrality rules which required internet service providers to offer equal access to all web content and applications and to not charge differently by user, content, and website.
2017?2017December?20171221December 21December 21, 201720171221U.S. real GDP growth for third quarter 2017 was revised lower by 0.1 point to 3.2 percent, according to the final estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased by 3.1 percent.
2017?2017December?20171222December 22December 22, 201720171222President Trump signs the “Tax Cuts and Jobs Act” into law. Selected highlights of the tax reform legislation are listed below: Individual Tax Changes take effect in 2018 and expire after 2025, unless noted otherwise.

1. Individual tax rates: Lowers or keeps the same tax rates for various brackets and increases most of the income bracket limits. A different inflation measure will result in bracket limits increasing more slowly over time than in prior law.
2. Personal exemptions: Repeals personal exemption for self and spouse and each qualified dependent.
3. Child tax credit: Doubles the child tax credit per qualified child, and significantly increases the phase-out income thresholds for taxpayers.
4. Standard deductions: Nearly doubles the standard deduction for single filers and joint filers.
5. State and local taxes: Caps the deduction for state and local income and real estate taxes at $10,000.
6. Mortgage interest: Limits the mortgage interest deduction to interest paid on the first $750,000 of acquisition debt. Eliminates deductions for interest paid on home equity debt.
7. Alternative minimum tax: Increases the exemption amounts and exemption phase-out thresholds.
8. Health insurance: Repeals the individual mandate penalty provision of the Affordable Care Act. This change takes effect in 2019 and will be permanent.
9. Estate tax: Doubles the federal estate tax exemption.

Business Tax Changes take effect in 2018 and will be permanent, unless noted otherwise.

1. Corporate tax rates: Reduces the corporate tax rate from 35% to 21% and repeals the corporate alternative minimum tax.
2. Pass-through entities: Owners of pass-through businesses, which include sole proprietorships, partnerships, S-corporations, and limited liability companies (LLCs), can claim a 20% deduction on earnings, subject to special rules and wage restrictions. The deduction is not available to higher-income professional service providers. Real estate investment trust (REIT) dividends are not subject to the wage restrictions and will generally benefit from the 20% deduction. This provision would expire December 31, 2025.
3. Limits corporations’ deductions for interest to 30% of earnings before interest, taxes, depreciation, and amortization through 2021 and then 30% of earnings before interest and taxes thereafter. Real property trade or businesses, including REITs, can opt out of this change.
4. Immediate expensing: Allows full expensing of certain new and used capital investments—rather than requiring them to be depreciated over time—for five years, but then phases out the provision by 20 percentage points per year thereafter. Real property trade or businesses, including REITs, that opt out of the limitation on interest deductibility will generally not benefit from the acceleration of cost recovery provisions.
5. Deductions for net operating losses are limited to 80% of income, carrybacks are no longer allowed (2 years in prior law), and carryforwards are allowed indefinitely (20 years in prior law).
6. Foreign taxes: Imposes a one-time repatriation tax of 15.5% for liquid assets and 8% for illiquid assets on earnings from overseas accumulated through 2017.
2017?2017December?20171229December 29December 29, 201720171229The Dow Jones industrial average posts a 25.1 percent annual gain in 2017 to close at 24,719 points, the S&P 500 ends the year at 2,674 points, a 19.4 percent increase from 2016, and the Nasdaq gains 28.2 percent for the year to close at 6,903—its sixth consecutive yearly gain. All three posted their best annual gain in four years.
2016?2016January?20160101January 01January 1, 201620160101California minimum wage increases from $9.00 to $10.00 per hour.
2016?2016January?20160101January 01January 1, 201620160101California expands Medi-Cal coverage to children under age 19 who do not have legal status.
2016?2016January?20160103January 03January 3, 201620160103Saudi Arabia ends its diplomatic relations with Iran.
2016?2016January?20160104January 04January 4, 201620160104U.S. stocks plunge on first trading day of 2016: Dow Jones industrial average down 276.09 points, or 1.6 percent, biggest loss on the first trading day of the year in eight years; S&P 500 down 31.28 points, or 1.5 percent, worst first trading day since 2001; Nasdaq ends the day lower by 104.32 points, or 2.1 percent.
2016?2016January?20160105January 05January 5, 201620160105U.S. auto sales hit a record high of 17.5 million in 2015, breaking the previous record set in 2000.
2016?2016January?20160115January 15January 15, 201620160115WTI crude oil price falls below $30 a barrel for the first time in 12 years.
2016?2016January?20160116January 16January 16, 201620160116Iran sanctions are lifted by the United States and European nations after inspections proved that Iran has adequately dismantled its nuclear weapons program.
2016?2016January?20160119January 19January 19, 201620160119China’s economy grew by 6.9 percent in 2015, its slowest pace since 1990.
2016?2016January?20160129January 29January 29, 201620160129Bank of Japan cuts benchmark interest rate below zero.
2016?2016February?20160202February 02February 2, 201620160202The California state water board extends mandatory water conservation measures through the end of October.
2016?2016February?20160205February 05February 5, 201620160205The U.S. unemployment rate falls below 5 percent for the first time in eight years.
2016?2016February?20160218February 18February 18, 201620160218Oregon approves three-tier minimum wage hike to be phased in over six years to the following levels: $14.75 in Portland metro area, $13.50 in smaller counties, and $12.50 in rural counties. The first increase is scheduled on July 1, 2016.
2016?2016March?20160303March 03March 3, 201620160303U.N. tightens sanctions on North Korea following nuclear testing by the country in January.
2016?2016March?20160310March 10March 10, 201620160310The European Central Bank increases asset purchases from 60 billion euros to 80 billion euros a month until the end of March 2017 and beyond, if necessary. Key interest rates, already negative or close to zero, are cut further.
2016?2016March?20160322March 22March 22, 201620160322Terrorists associated with the Islamic State attack Brussels, where the European Commission is located, killing over 30 people and injuring hundreds.
2016?2016March?20160324March 24March 24, 201620160324Personal income in California grew by 6.3 percent in 2015, up from 4.9 percent in 2014. The national growth rate was 4.4 percent in 2015, the same rate as in 2014.
2016?2016March?20160325March 25March 25, 201620160325U.S. real GDP grew by 1.4 percent in the fourth quarter after rising 2.0 percent in the third quarter.
2016?2016April?20160404April 04April 4, 201620160404Governor Brown signs legislation that phases in a $15/hour California statewide minimum wage by 2023, with indexing thereafter. The Governor can choose to pause any scheduled increase for one year if certain economic or budget conditions are met. In-Home Supportive Services employees will receive up to three days of paid sick leave annually on a phased-in schedule beginning in July 2018.
2016?2016April?20160404April 04April 4, 201620160404Governor Cuomo of New York signs legislation that sets a $15/hour minimum wage for all businesses by 2019 in New York City, by 2021 in Nassau, Suffolk, and Westchester counties, and by 2021 or later in the remaining counties. The legislation also phases in a 12-week Family Care Leave program over a four-year period beginning in 2018.
2016?2016April?20160405April 05April 5, 201620160405City of San Francisco approves an ordinance that requires employers to offer six weeks of fully-paid leave for new parents of either gender and to both full-time and part-time employees. The ordinance takes effect on January 1, 2017 for businesses with 50 or more employees, July 1, 2017 for businesses with 35 or more employees, and July 1, 2018 for businesses with 20 or more employees.
2016?2016April?20160411April 11April 11, 201620160411Governor Brown signs legislation that expands benefits available under the Paid Family Leave and State Disability Insurance programs. Starting in 2018, California will provide 70 percent wage replacement to workers paid at or close to the minimum wage, with lower replacement for higher income workers.
2016?2016April?20160416April 16April 16, 201620160416Ecuador experiences an earthquake of magnitude 7.8 on the Richter scale, with over 500 dead and thousands injured.
2016?2016April?20160428April 28April 28, 201620160428The first estimate of first-quarter U.S. real GDP growth came in at 0.5 percent, down from 1.4 percent growth in the fourth quarter.
2016?2016May?20160501May 1 - 9May 1 - 9, 201620160501Wildfires in Canada’s oil sands capital of Fort McMurray in Alberta disrupts oil production, averaging about 800,000 barrels per day in May with a daily peak of more than 1.1 million barrels per day.
2016?2016May?20160502May 02May 2, 201620160502Puerto Rico fails to make a $422 million bond payment, submitting just $23 million to cover the interest component. This is the third time Puerto Rico has defaulted on bond payments.
2016?2016May?20160518May 18May 18, 201620160518California suspends its mandatory statewide 25 percent reduction in urban water use, allowing cities, water districts, and private companies to each set their own water conservation standards after a relatively wet winter partly filled reservoirs in Northern California and partly replenished the mountain snowpacks.
2016?2016May?20160518May 18May 18, 201620160518The U.S. Department of Labor issues new rules on overtime that will take effect on December 1, 2016. The new rules raise the threshold for overtime eligibility from $455/week to $913/week, or the equivalent of $22.83/hour or $47,476/year. The new rules also include a methodology that updates the threshold every three years.
2016?2016May?20160518May 18May 18, 201620160518Japan’s economy expands by 1.7 percent in the first quarter, rebounding from a 1.7 percent contraction in the previous quarter.
2016?2016May?20160527May 27May 27, 201620160527The second estimate of first-quarter U.S. real GDP growth came in at 0.8 percent compared to 0.5 percent as initially estimated on better data on consumer expenditure and residential investment offsetting weak business investment.
2016?2016May?20160529May 29 - 30May 29 - 30, 201620160529Verizon reaches a tentative agreement with the labor unions, the Communications Workers of America and the International Brotherhood of Electrical Workers, representing nearly 40,000 striking workers, bringing to an end the work stoppage which began on April 13. The agreement would give U.S. Verizon workers a nearly 11 percent increase in pay over four years.
2016?2016June?20160614June 14June 14, 201620160614California GDP totaled $2.46 trillion in 2015, making it the 6th largest economy in the world.
2016?2016June?20160623June 23 - July 3June 23 - July 3, 201620160623Wildfire near Lake Isabella in Kern County burns over 48,000 acres and destroys more than 250 structures.
2016?2016June?20160623June 23June 23, 201620160623The United Kingdom votes to leave the European Union (Brexit) after more than forty years of membership.
2016?2016June?20160624June 24June 24, 201620160624U.S. stocks close sharply lower a day after the Brexit referendum, with major indexes down around 3-4 percent. The value of the British pound dropped nearly 9 percent against the U.S. dollar to a level not seen since 1985.
2016?2016June?20160626June 26June 26, 201620160626Panama opens expanded canal which will allow for the passage of ships that can carry nearly three times as many containers.
2016?2016June?20160627June 27June 27, 201620160627California Governor Jerry Brown signs the 2016-17 state budget bill which calls for $122.5 billion in General Fund spending and $44.6 billion in special fund spending, along with $3.6 billion in bond spending.
2016?2016June?20160628June 28June 28, 201620160628U.S. real GDP grew by 1.1 percent in the first quarter after rising 1.4 percent in the fourth quarter, according to the final estimate released by the Bureau of Economic Analysis.
2016?2016June?20160630June 30June 30, 201620160630President Obama signs into law the Puerto Rico Oversight, Management and Economic Stability Act which will allow the Government of Puerto Rico to restructure its debt using U.S. federal courts in exchange for establishing a federally appointed control board with authority over Puerto Rico’s fiscal policy.
2016?2016July?20160701July 01July 1, 201620160701Los Angeles city minimum wage increases from $10.00 to $10.50 per hour for employers of more than 25 workers.
2016?2016July?20160701July 01July 1, 201620160701Puerto Rico misses $911 million in bond payments, including $779 million in payments of general obligation debt. This is the first time Puerto Rico has defaulted on its general obligation debt, and underscored the magnitude of the task facing the new federal control board for Puerto Rico.
2016?2016July?20160729July 29July 29, 201620160729U.S. real GDP increased at an annual rate of 1.2 percent in the second quarter after a revised 0.8 percent increase in the first quarter, according to the advance estimate released by the Bureau of Economic Analysis.
2016?2016August?20160802August 02August 2, 201620160802Japan announces a new fiscal stimulus package worth 28 trillion yen or 276 billion U.S. dollars.
2016?2016August?20160805August 05August 5, 201620160805Following the Brexit referendum in June, the Bank of England cuts key interest rate for the first time in over seven years, from 0.5 percent to 0.25 percent; downgrades economic growth forecast for 2017 from 2.3 percent to 0.8 percent; and launches a monetary stimulus of 70 billion pounds.
2016?2016August?20160824August 24August 24, 201620160824A 6.2-magnitude earthquake struck central Italy.
2016?2016August?20160826August 26August 26, 201620160826The U.S. real GDP growth rate for the second quarter was revised slightly lower, from 1.2 percent to 1.1 percent.
2016?2016August?20160831August 31August 31, 201620160831South Korea's Hanjin Shipping Co., the seventh largest cargo container carrier in the world, files for bankruptcy protection.
2016?2016September?20160908September 08September 8, 201620160908Governor Brown signs climate change legislation that extends the California’s goal for reducing greenhouse gas emissions to 40 percent below 1990 levels by 2030, invests in the communities hardest hit by climate change, and increases public oversight of climate programs.
2016?2016September?20160908September 08September 8, 201620160908Wells Fargo Bank was fined $185 million by the Consumer Financial Protection Bureau, the Los Angeles City Attorney, and the Office of the Comptroller of the Currency for opening unauthorized deposit and credit card accounts between May 2011 and July 2015 to satisfy sales goals and earn financial rewards. Approximately 5,300 bank employees were terminated as a result.
2016?2016September?20160912September 12September 12, 201620160912Governor Brown signs legislation that raises overtime wages for farmworkers incrementally over several years with full implementation in 2025.
2016?2016September?20160913September 13September 13, 201620160913The U.S. real median household income rose by 5.2 percent in 2015 to $56,500, the first increase since 2007, while California’s real median household income rose by 2.7 percent in 2015 to $64,500. The official poverty rate in the U.S. fell to 13.5 percent in 2015 from 14.8 percent in 2014, while California’s rate fell to 14 percent in 2015 from 15.9 percent in 2014.
2016?2016September?20160922September 22September 22, 201620160922The U.S. Department of Education withdrew its recognition of the Accrediting Council for Independent Colleges and Schools, the largest accreditor of for-profit schools.
2016?2016September?20160928September 28September 28, 201620160928The Organization of the Petroleum Exporting Countries (OPEC) announces a preliminary agreement to reduce oil production from 33.4 million barrels per day to a range of 32.5 to 33.0 million barrels per day. The last time OPEC curbed oil production was in 2008.
2016?2016September?20160929September 29September 29, 201620160929The U.S. real GDP growth rate for the second quarter 2016 was revised higher by 0.3 percentage points to 1.4 percent, following a 0.8 percent growth in the first quarter.
2016?2016October?20161008October 8 - 9October 8 - 9, 201620161008Hurricane Matthew hits the coast of eastern North Carolina.
2016?2016October?20161015October 15October 15, 201620161015Over 170 countries sign a legally binding accord to phase out the use of hydrofluorocarbons, a greenhouse gas used in air-conditioners and refrigerators. The phase-out will begin in 2019 in developed countries such as the United States and the European Union, and in 2024 in most developing countries with some beginning in 2028.
2016?2016October?20161028October 28October 28, 201620161028U.S. real GDP increased at a seasonally adjusted annual rate of 2.9 percent in the third quarter of 2016 according to the advance estimate released by the Bureau of Economic Analysis.
2016?2016October?20161030October 30October 30, 201620161030Canada and the European Union sign trade agreement.
2016?2016November?20161103November 03November 3, 201620161103The British High Court rules that the British government must get approval from Parliament to exit the European Union.
2016?2016November?20161108November 08November 8, 201620161108California voters pass the following Propositions:

1. Proposition 51—Borrows $9 billion in bonds to fund improvement and construction of school facilities for K-12 schools and community colleges.
2. Proposition 52—Restricts diverting funds away from Medi-Cal.
3. Proposition 54—Requires legislation to be published online before final vote.
4. Proposition 55—Extends the personal income tax increases on incomes over $250,000 approved in 2012 for 12 years in order to fund education and healthcare.
5. Proposition 56—Raises the cigarette tax by $2 a pack, with equivalent increases on other tobacco products and electronic cigarettes.
6. Proposition 57—Increases parole and good behavior opportunities for felons convicted of nonviolent crimes and allows judges, not prosecutors, to decide whether to try certain juveniles as adults in court.
7. Proposition 58—Repeals bilingual education ban.
8. Proposition 59—Instructs California officials to work for the repeal of Citizens United.
9. Proposition 63—Institutes a number of gun controls.
10. Proposition 64—Legalizes recreational marijuana for persons aged 21 years or older under state law and establishes certain sales and cultivation taxes.
11. Proposition 66—Changes the procedures governing state court appeals and petitions that challenge death penalty convictions and sentences.
12. Proposition 67—Prohibits grocery and other stores from providing customers single–use plastic or paper carryout bags but permits sale of recycled paper bags and reusable bags to customers at checkout.
2016?2016November?20161122November 22November 22, 201620161122A U.S. District Court Judge has halted implementation of a new federal regulation setting higher salary thresholds for overtime work that was due to be implemented on December 1, 2016.
2016?2016November?20161125November 25November 25, 201620161125Fidel Castro of Cuba dies.
2016?2016November?20161129November 29November 29, 201620161129The U.S. real GDP growth rate in the third quarter of 2016 was revised up by 0.3 points to 3.2 percent on better data on consumer spending.
2016?2016December?20161201December 01December 1, 201620161201Airbnb agrees, for the first time, to enforce limits on the number of nights a year a host can rent out a home, starting in London at 90 days-per year and in Amsterdam at 60 days-per year, to begin on January 1, 2017.
2016?2016December?20161203December 03December 3, 201620161203OPEC signs deal to cut oil production by 1.2 million barrels per day to 32.5 million barrels per day for six months starting in January 2017, the first production cut since 2008.
2016?2016December?20161205December 05December 5, 201620161205Italian voters rejected constitutional reforms in a referendum. The prime minister resigns.
2016?2016December?20161208December 08December 8, 201620161208The European Central Bank extends its monetary stimulus program until December 2017 and reduces asset purchases from 80 billion euros to 60 billion euros a month starting in April 2017.
2016?2016December?20161208December 08December 8, 201620161208Life expectancy in the United States drops for the first time since the peak of the HIV/AIDS crisis in 1993. For U.S. men, life expectancy dropped 0.2 years from 76.5 years in 2014 to 76.3 years in 2015. For U.S. women, life expectancy decreased 0.1 year to 81.2 years in 2015.
2016?2016December?20161210December 10December 10, 201620161210Non-OPEC producers agree to cut oil production by 558,000 barrels per day starting in January 2017.
2016?2016December?20161214December 14December 14, 201620161214The Federal Reserve raises the federal funds rate target by a quarter-point, to a range between 0.5 percent and 0.75 percent.
2016?2016December?20161214December 14December 14, 201620161214California adopts the nation’s first energy-efficiency standards for computers and monitors sold in the state, which starts in 2018.
2016?2016December?20161219December 19December 19, 201620161219Terrorists attack a Christmas market in Berlin, Germany.
2016?2016December?20161220December 20December 20, 201620161220President Obama permanently bans offshore oil and gas drilling in federal waters in the Arctic and the Atlantic oceans.
2016?2016December?20161222December 22December 22, 201620161222The U.S. real GDP growth rate in the third quarter of 2016 was revised up by 0.3 points to 3.5 percent on stronger data on business investment, according to the final estimate released by the Bureau of Economic Analysis.
2016?2016December?20161229December 29December 29, 201620161229The Obama administration announces new sanctions against Russia.
2016?2016December?20161230December 30December 30, 201620161230The Dow Jones industrial average posts a 13.4 percent annual gain in 2016 to close at 19,763 points, the best annual gain in three years. The S&P 500 ends the year at 2,239 points, a 9.5 percent increase from 2015, and the Nasdaq gains 7.5 percent for the year to close at 5,383—its fifth consecutive yearly gain.
2015?2015January?20150101January 01January 1, 201520150101No rain in January had occurred in California, the first time in 165 years.
2015?2015January?20150101January 01January 1, 201520150101The California Cap & Trade program—a market based regulation that is designed to reduce carbon emissions from multiple sources—expands to include producers of transportation fuels.
2015?2015January?20150101January 01January 1, 201520150101Minimum wage increases go into effect in 19 states and the District of Columbia.
2015?2015January?20150101January 01January 1, 201520150101Minimum wage rate increase takes effect in the following California cities: San Francisco, from $10.74 to $11.05 San Jose, from $10.15 to $10.30 Richmond, from $9.00 to $9.60 San Diego, from $9.00 to $9.60
2015?2015January?20150101January 01January 1, 201520150101Lithuania becomes the 19th country to join the European currency union.
2015?2015January?20150102January 02January 2, 201520150102Undocumented immigrants in California become eligible to obtain driver’s licenses and insurance.
2015?2015January?20150106January 06January 6, 201520150106The nation’s first high-speed rail project breaks ground in Fresno, California.
2015?2015January?20150106January 06January 6, 201520150106WTI crude oil price falls below $50 a barrel to $48.46, the first time it has been below $50 since April 2009.
2015?2015January?20150107January 07January 7, 201520150107Eurozone consumer prices fall in December for the first time since 2009, by 0.2 percent.
2015?2015January?20150115January 15January 15, 201520150115Switzerland’s central bank announces dropping the three-year old cap on the value of its currency, the franc, against the euro.
2015?2015January?20150116January 16January 16, 201520150116The year 2014 was the warmest year in a global temperature record that stretches back to 1880, according to NOAA and NASA.
2015?2015January?20150120January 20January 20, 201520150120Oil services company Baker Hughes plans to lay off 7,000 people due to falling crude oil prices.
2015?2015January?20150120January 20January 20, 201520150120China’s economy grew 7.4 percent in 2014, its slowest growth in 24 years.
2015?2015January?20150122January 22January 22, 201520150122European Central Bank announces monetary stimulus of 60 billion euros a month to start in March and intended to run through to September 2016.
2015?2015January?20150123January 23January 23, 201520150123Saudi Arabia's King Abdullah dies.
2015?2015January?20150126January 26 - 27January 26 - 27, 201520150126Blizzard hits the northeastern United States.
2015?2015February?20150201February 1 - March 12February 1 - March 12, 201520150201The United Steelworkers union strikes at major U.S. oil refineries and petrochemical plants. Tesoro Corporation in Martinez, California, was the only refinery to cease operations due to the strike.
2015?2015February?20150203February 03February 3, 201520150203Standard & Poor's agrees to pay a total fine of $1.5 billion to U.S. federal and state government entities to settle charges it inflated ratings on residential mortgage-backed securities in the run up to the financial crisis. The State of California will receive $210 million, from which CalPERS and CalSTRS will receive allocations for their losses. Separately, Standard & Poor's will also pay CalPERS $125 million to settle CalPERS’ specific lawsuit.
2015?2015February?20150205February 05February 5, 201520150205RadioShack files for Chapter 11 bankruptcy.
2015?2015February?20150210February 10February 10, 201520150210Apple, Inc. becomes the first company in the world to close with a market capitalization of over $700 billion.
2015?2015February?20150218February 18February 18, 201520150218Explosion at an Exxon Mobil refinery in Torrance, California.
2015?2015February?20150218February 18February 18, 201520150218The European Central Bank agrees to lend 3.3 billion euros more in emergency funds to Greece, extending the amount of time available for negotiations with creditors.
2015?2015February?20150219February 19February 19, 201520150219Wal-Mart announces its entry-level employees will receive more than the federal minimum wage starting in April 2015.
2015?2015February?20150220February 20February 20, 201520150220The International Longshore & Warehouse Union and the Pacific Maritime Association reach a tentative labor contract covering U.S. West Coast port workers.
2015?2015February?20150225February 25February 25, 201520150225Fitch upgrades California’s bond rating to A+ from A.
2015?2015February?20150225February 25February 25, 201520150225The City of Stockton in California exits bankruptcy.
2015?2015February?20150226February 26February 26, 201520150226U.S. consumer prices fell in January for the fourth straight month while year-over-year inflation turned negative for the first time since 2009, largely because of lower gasoline prices.
2015?2015March?20150302March 02March 2, 201520150302Minimum wage rate increases in Oakland, California, from $9.00 an hour to $12.25 an hour. NASDAQ closes above 5,000 for first time since 2000.
2015?2015March?20150306March 06March 6, 201520150306State employment benchmark revision reveals that California’s job growth totals in 2013 and 2014 were stronger than initially estimated.
2015?2015March?20150309March 09March 9, 201520150309The European Central Bank begins buying public and private sector debt at a pace of 60 billion euros per month.
2015?2015March?20150312March 12March 12, 201520150312The United Steelworkers union and Royal Dutch Shell reaches a tentative labor contract agreement to end a six-week strike that has affected twelve U.S. oil refineries, including the Tesoro refineries in Martinez and Carson, California.
2015?2015March?20150327March 27March 27, 201520150327Governor Brown signs emergency legislation that would fast-track $1.1 billion in funding for drought relief and critical water infrastructure projects in California.
2015?2015April?20150401April 01April 1, 201520150401Governor Brown announces first-ever mandatory water restrictions in California in response to its worst drought in history.
2015?2015April?20150423April 23April 23, 201520150423Deutsche Bank agrees to pay a $2.5 billion fine to settle U.S. and U.K. investigations into its role in rigging the London Interbank Offered Rate (LIBOR).
2015?2015April?20150425April 25April 25, 201520150425Nepal earthquake
2015?2015April?20150427April 27April 27, 201520150427Fitch downgrades Japan's credit rating from A+ to A.
2015?2015April?20150427April 27 - May 1April 27 - May 1, 201520150427Port truck drivers in Los Angeles and Long Beach strike.
2015?2015May?20150513May 13May 13, 201520150513The USDA reports that more than 40 percent of honey bee colonies died during April 2014 to April 2015.
2015?2015May?20150519May 19May 19, 201520150519Inflation in the United Kingdom turns negative for the first time since 1960.
2015?2015May?20150519May 19May 19, 201520150519Underground pipeline spills up to 101,000 gallons of crude oil in Santa Barbara county California.
2015?2015May?20150520May 20May 20, 201520150520Barclays, Citigroup, JP Morgan, RBS, UBS, and Bank of America are fined $5.7 billion for rigging foreign exchange markets.
2015?2015May?20150522May 22May 22, 201520150522California farmers volunteer to cut their water use by 25 percent in exchange for assurances they would not face further restrictions later this summer as the record drought continues.
2015?2015May?20150526May 26May 26, 201520150526SpaceX wins U.S. Air Force approval to launch military satellites.
2015?2015June?20150608June 08June 8, 201520150608Kaiser Permanente reaches a deal through September 2018 with its health care workers in California and other states that include annual wage increases ranging from 2 to 4 percent.
2015?2015June?20150610June 10June 10, 201520150610California’s economy remains eighth largest in the world as the state’s gross domestic product reached $2.3 trillion in 2014.
2015?2015June?20150612June 12June 12, 201520150612California officials order water cuts to farmers with water rights in the Sacramento, San Joaquin, and delta watersheds, the first reduction in their water use since 1977.
2015?2015June?20150613June 13June 13, 201520150613Los Angeles mayor signs into law a measure raising the citywide minimum wage to $15 by 2020.
2015?2015June?20150616June 16June 16, 201520150616The California Labor Commission rules that a San Francisco Uber driver is an employee, not a contractor.
2015?2015June?20150624June 24June 24, 201520150624California Governor Jerry Brown signs the 2015-16 state budget bill.
2015?2015June?20150625June 25June 25, 201520150625The U.S. Supreme Court upholds a key provision of the Affordable Care Act, allowing subsidies on federal marketplaces to continue. In a separate case, the Court also upholds the principle of disparate impact under the Fair Housing Act, whereby policies do not have to be intentionally biased to be discriminatory.
2015?2015June?20150626June 26June 26, 201520150626The U.S. Supreme Court rules in favor of same-sex marriage nationwide.
2015?2015June?20150627June 27June 27, 201520150627Greece announces a referendum on the bailout program for July 5 and imposes capital controls to stop money from leaving the country.
2015?2015June?20150628June 28June 28, 201520150628Puerto Rico’s governor declares that the commonwealth cannot pay its estimated $72 billion debt.
2015?2015June?20150629June 29June 29, 201520150629President Obama announces a rule change that makes more U.S. workers eligible for overtime pay. The rule raises the overtime salary threshold to $50,440 from $23,660 per year.
2015?2015June?20150630June 30June 30, 201520150630Greece misses a payment of €1.5 billion to the IMF.
2015?2015July?20150702July 02July 2, 201520150702S&P upgrades California's credit rating to AA-, its highest level in 14 years.
2015?2015July?20150703July 03July 3, 201520150703The California Public Utilities Commission approves a plan that will reduce the existing four-tier electricity rate structure to two tiers, plus a “super-user” surcharge for customers of investor-owned utilities in California, including Pacific Gas and Electric Company, Southern California Edison and San Diego Gas & Electric Company.
2015?2015July?20150705July 05July 5, 201520150705Greek voters reject bailout terms from international creditors.
2015?2015July?20150708July 08July 8, 201520150708The NYSE suspends trading for hours due to a technical glitch.
2015?2015July?20150708July 08July 8, 201520150708The Shanghai Composite Index drops by more than 30 percent from its peak in June 2015 after surging by more than 150 percent from mid-2014.
2015?2015July?20150713July 13July 13, 201520150713Greece reaches new bailout agreement with international creditors.
2015?2015July?20150720July 20July 20, 201520150720Greek banks reopen but capital controls remain
2015?2015July?20150722July 22July 22, 201520150722The New York wage board recommends $15 minimum wage—to be phased in over the next three years—for fast-food chain workers throughout the state.
2015?2015July?20150723July 23July 23, 201520150723The Greek parliament approves bailout reform package.
2015?2015July?20150727July 27July 27, 201520150727Chevron announces plan to cut 500 jobs from its headquarters in San Ramon California.
2015?2015July?20150727July 27July 27, 201520150727The Shanghai Composite Index drops by 8.5 percent, the biggest one-day decline in the index since 2007.
2015?2015July?20150731July 31July 31, 201520150731Governor Brown declares state of emergency for California wildfires.
2015?2015August?20150801August 01August 1, 201520150801Puerto Rico fails to make a $58 million bond payment.
2015?2015August?20150803August 03August 3, 201520150803Greece’s stock market reopens after a five-week closure over the country's debt crisis. Shares fell more than 16 percent at closing.
2015?2015August?20150805August 05August 5, 201520150805The U.S. Securities and Exchange Commission approves rule requiring most public companies starting in 2017 to regularly disclose the ratio of the compensation of its chief executive officer to the median compensation of its employees.
2015?2015August?20150811August 11August 11, 201520150811China devalues its currency by nearly 2 percent against the U.S. dollar, the largest movement since 1994.
2015?2015August?20150814August 14August 14, 201520150814U.S. embassy reopens in Cuba after 54 years.
2015?2015August?20150817August 17August 17, 201520150817Japan’s economy shrinks by 1.6 percent in the second quarter due to weak consumer spending and exports.
2015?2015August?20150821August 21August 21, 201520150821Crude oil prices fall below $40 a barrel for the first time since January 2009.
2015?2015August?20150824August 24August 24, 201520150824The Dow Jones Industrial average drops 588 points to 15,871 down 13 percent from its May 19 peak while the S&P 500 falls 77.68 to 1,893, more than 11 percent below its May 21 peak.
2015?2015August?20150825August 25August 25, 201520150825China cuts interest rates and lowers minimum requirements for bank reserves for the second time in two months to support its slowing economy and falling stock market.
2015?2015September?20150901September 01September 1, 201520150901A federal judge grants class action status to a lawsuit challenging the contractor status of Uber drivers.
2015?2015September?20150901September 01September 1, 201520150901Canada is in recession. According to Statistics Canada, GDP fell 0.8 percent in the first quarter and 0.5 percent in the second quarter.
2015?2015September?20150916September 16September 16, 201520150916California’s uninsured rate drops to 12.4 percent in 2014, down from 17.2 percent in 2013. The reduction drop is the fifth largest decline among all states.
2015?2015September?20150917September 17September 17, 201520150917Governor Brown declares state of emergency for California wildfires in Lake, Napa, Amador, and Calaveras counties.
2015?2015September?20150918September 18September 18, 201520150918The U.S. Environmental Protection Agency and the California Air Resources Board issue a Notice of Violation to the Volkswagen Group for NOx tailpipe emissions standards involving its diesel light vehicles from model years 2009-2015.
2015?2015September?20150925September 25September 25, 201520150925U.S. real GDP grew by 3.9 percent in the second quarter after increasing 0.6 percent in the first quarter, according to the final estimate released by the Bureau of Economic Analysis.
2015?2015September?20150930September 30September 30, 201520150930Congress approves a temporary spending measure to keep federal government agencies operating through December 11.
2015?2015September?20150930September - OctoberSeptember 2015 - October 201520150930The immigration crisis in Europe intensifies as the number of refugees arriving from Africa, the Middle East, and South Asia, rises to an estimated 360,000 in August and September bringing the total for the year so far to 710,000.
2015?2015October?20151001October 01October 1, 201520151001Minimum wage rate increases in Berkeley, California, from $10.00 an hour to $11.00 an hour.
2015?2015October?20151005October 05October 5, 201520151005The Trans-Pacific Partnership (TPP) trade agreement wins approval of the U.S. and 11 other nations, and now requires separate legislative approval from each.
2015?2015October?20151007October 07October 7, 201520151007California Governor Brown signs into law a bill requiring the state to generate half of its electricity from renewable sources by 2030 and to double the energy efficiency of buildings over the next 15 years.
2015?2015October?20151019October 19October 19, 201520151019China’s third-quarter GDP grew by 6.9 percent year-over-year, its slowest pace in more than six years.
2015?2015October?20151023October 23October 23, 201520151023China cuts interest rate and lowers minimum requirements for bank reserves for the third time in four months to support its slowing economy.
2015?2015October?20151027October 27October 27, 201520151027The Sacramento City Council approves a measure that gradually raises the city’s minimum wage to $12.50 in 2020 and ties it to inflation thereafter.
2015?2015October?20151028October 28October 28, 201520151028Northrop Grumman wins a $60 billion Air Force contract to build the nation’s new fleet of long-range stealth bombers. Much of the work is expected to be done in Palmdale, California.
2015?2015October?20151029October 29October 29, 201520151029U.S. real GDP grew by 1.5 percent in the third quarter after rising 3.9 percent in the second quarter, according to the preliminary estimate released by the Bureau of Economic Analysis.
2015?2015October?20151029October 29October 29, 201520151029China announces that it will end its one-child policy, allowing all families to have two children for the first time since the policy was instituted 30 years ago.
2015?2015November?20151102November 02November 2, 201520151102President Obama signs into law a bipartisan budget bill that would suspend the federal debt limit until March 15, 2017 and boost federal spending by $80 billion through September 2017, with increases for both defense and non-defense programs.
2015?2015November?20151113November 13November 13, 201520151113Terrorists attack Paris.
2015?2015November?20151130November 30November 30, 201520151130The International Monetary Fund approves adding the Chinese renminbi to its basket of reserve currencies that includes the U.S. dollar, the euro, the British pound, and the Japanese yen.
2015?2015December?20151202December 02December 2, 201520151202Terrorists attack San Bernardino, California.
2015?2015December?20151212December 12December 12, 201520151212Officials from 195 nations approve a global climate accord in Paris.
2015?2015December?20151216December 16December 16, 201520151216The Federal Reserve raises the federal funds rate target for the first time since 2006, by a quarter-point, to a range of 0.25% to 0.50%.
2015?2015December?20151218December 18December 18, 201520151218President Obama signs a federal fiscal package that consists of a $1.1 trillion omnibus budget measure to fund federal government agencies through fiscal year 2016 and a $650 billion tax package that renews, for the next ten years, various tax breaks for businesses and low-income workers.
2015?2015December?20151229December 29December 29, 201520151229The largest container ship ever to unload in North America arrives at the Port of Los Angeles, California.
2015?2015December?20151231December 31December 31, 201520151231The Dow Jones industrial average posts a 2.2 percent annual loss in 2015 to close at 17,425 points, ending six years of gains. The S&P 500 ends the year at 2,044 points, a 0.7 percent drop from 2014, ending 3 years of gains. Meanwhile, the Nasdaq gains 5.7 percent for the year to close at 5,007—its fourth consecutive yearly gain.
2014?2014January?20140101January 01January 1, 201420140101Recreational marijuana stores open in Colorado.
2014?2014January?20140108January 08January 8, 201420140108A train transporting crude oil derails and catches fire in Plaster Rock, New Brunswick.
2014?2014January?20140110January 10January 10, 201420140110Porsche, Audi and Bentley announce record sales for 2013.
2014?2014January?20140111January 11January 11, 201420140111Former Israeli Prime Minister Ariel Sharon dies.
2014?2014January?20140117January 17January 17, 201420140117Governor Brown declares drought emergency for California.
2014?2014January?20140122January 22January 22, 201420140122TransCanada begins shipping crude oil through the southern leg of the Keystone pipeline, from the storage and distribution facilities in Cushing, Oklahoma into the Texas Gulf Coast refineries.
2014?2014January?20140129January 29January 29, 201420140129President Obama signs a presidential memorandum creating a federally-backed savings account program for low and middle income wage earners called MyRA, short for My Retirement Account.
2014?2014January?20140131January 31January 31, 201420140131California State Water Project announces zero water allocation to urban residents or farmers in 2014 due to a record-setting drought.
2014?2014February?20140201February 01February 1, 201420140201Cold wave affecting parts of eastern U.S. and Canada caused by southward shifts of the north polar vortex. Crisis in Ukraine.
2014?2014February?20140201February 01February 1, 201420140201Janet Yellen takes over as chairman of the Federal Reserve.
2014?2014February?20140212February 12February 12, 201420140212Minimum wage for federal contract workers raised to $10.10 an hour.
2014?2014February?20140213February 13February 13, 201420140213Comcast buys Time Warner Cable.
2014?2014February?20140213February 13February 13, 201420140213Ivanpah Solar Electric Generating System located in the California Mojave Desert formally opens.
2014?2014February?20140224February 24February 24, 201420140224Budget cuts shrink U.S. army to pre-World War II size.
2014?2014March?20140301March 01March 1, 201420140301Cold wave affecting parts of eastern U.S. and Canada caused by southward shifts of the north polar vortex.
2014?2014March?20140307March 07March 7, 201420140307Genesis Solar Energy Project Unit 1, located in Riverside County, is on line and producing power.
2014?2014March?20140321March 21March 21, 201420140321California's private sector has fully recovered its recessionary job losses in February 2014.
2014?2014March?20140321March 21March 21, 201420140321Russia formally annexes Crimea.
2014?2014March?20140322March 22March 22, 201420140322Galveston Bay fuel oil spill.
2014?2014March?20140327March 27March 27, 201420140327U.S. real GDP grew 2.6 percent in the fourth quarter of 2013.
2014?2014March?20140328March 28March 28, 201420140328Los Angeles 5.1 earthquake near La Habra after another smaller earthquake 4.4 (March 18) in Westwood.
2014?2014March?20140331March 31March 31, 201420140331IPCC’s climate impacts report predicts dire effects of climate change.
2014?2014April?20140401April 01April 1, 201420140401Cold wave affecting parts of eastern U.S. and Canada caused by southward shifts of the north polar vortex.
2014?2014April?20140404April 04April 4, 201420140404Meningitis outbreak in the greater Los Angeles area.
2014?2014April?20140427April 27 - 29April 27 - 29, 201420140427Tornadoes strike the southeastern states.
2014?2014April?20140428April 28April 28, 201420140428Toyota announces it is moving headquarters from Torrance, California to Plano, Texas.
2014?2014April?20140429April 29April 29, 201420140429The U.S. Supreme Court allows the EPA to regulate air pollution from power plants that crosses state lines.
2014?2014April?20140430April 30April 30, 201420140430The World Bank announces that India has become the world's third-largest economy in purchasing power parity after the U.S. and China, moving ahead of Japan.
2014?2014May?20140501May 01May 1, 201420140501U.S. consumer spending rises by 0.9 percent in March 2014, its largest increase since August 2009.
2014?2014May?20140512May 12May 12, 201420140512The Dow Jones Industrial average and S&P 500 hit record highs of 16,695 and 1,897, respectively.
2014?2014May?20140513May 13May 13, 201420140513Fannie Mae and Freddie Mac to keep current limits on the size of loans they guarantee.
2014?2014May?20140514May 14May 14, 201420140514Los Angeles and San Diego wildfires.
2014?2014May?20140515May 15May 15, 201420140515A petroleum pipeline ruptures in Los Angeles.
2014?2014May?20140516May 16May 16, 201420140516GM fined by the U.S. government for delays in recalling faulty vehicles.
2014?2014May?20140516May 16May 16, 201420140516San Diego wildfires.
2014?2014May?20140520May 20May 20, 201420140520The U.S. Energy Information Agency cuts recoverable Monterey shale oil estimate by 96 percent, to 600 million barrels, from 13.7 billion barrels estimated in 2011.
2014?2014May?20140521May 21May 21, 201420140521China and Russia sign a 30-year natural gas export contract.
2014?2014May?20140522May 22May 22, 201420140522Marathon Oil agrees to buy Hess Corporation's retail gas stations.
2014?2014May?20140522May 22May 22, 201420140522Italian GDP to include underground economy.
2014?2014May?20140529May 29May 29, 201420140529Russia, Kazakhstan, and Belarus sign treaty forming Eurasian Economic Union.
2014?2014May?20140530May 30May 30, 201420140530Sony Pictures Imageworks announces it is moving its Los Angeles headquarters to Vancouver, Canada.
2014?2014June?20140601June 01June 1, 201420140601Crisis in Iraq.
2014?2014June?20140602June 02June 2, 201420140602EPA issues new regulations aiming to cut carbon emissions in the U.S. power sector by 30 percent from 2005 levels by 2030.
2014?2014June?20140602June 02June 2, 201420140602Seattle approves $15 minimum wage to be phased in over several years.
2014?2014June?20140602June 2 - 4June 2 - 4, 201420140602San Francisco Muni transit operators stage a three-day sickout.
2014?2014June?20140605June 05June 5, 201420140605The European Central Bank cuts its prime interest rate to 0.15 percent and sets the deposit rate at -0.10 percent.
2014?2014June?20140608June 08June 8, 201420140608AT&T to buy DirecTV.
2014?2014June?20140609June 09June 9, 201420140609President Obama signs executive order allowing student-loan borrowers to cap their payments at 10 percent of their monthly income.
2014?2014June?20140614June 14June 14, 201420140614Crude oil price near $107 a barrel rises 4 percent in one week.
2014?2014June?20140616June 16June 16, 201420140616Shale boom boosts U.S. energy production for a second year in a row in 2013.
2014?2014June?20140620June 20June 20, 201420140620Governor Brown signs the 2014-15 state budget bill.
2014?2014June?20140625June 25June 25, 201420140625Moody's raises California's bond credit rating from A1 to Aa3.
2014?2014July?20140701July 01July 1, 201420140701California minimum wage increased to $9.00 per hour from $8.00.
2014?2014July?20140707July 7 - 11July 7 - 11, 201420140707Port truck drivers and their supporters strike at the Ports of Los Angeles and Long Beach.
2014?2014July?20140710July 10July 10, 201420140710Chinese and Japanese shipping companies announce they will start a regular service to carry Siberian natural gas across the Arctic Ocean to East Asia.
2014?2014July?20140711July 11July 11, 201420140711Governor Brown signs legislation affecting business incentives in California with new employment credit, California Competes tax credit, and sales tax exemption.
2014?2014July?20140731July 31July 31, 201420140731California breaks drought record as 58 percent of the state is now under the most severe level of drought for the first time since regular drought reports began in the late 1990.
2014?2014August?20140801August 01August 1, 201420140801Million-dollar home sales in California hit a seven-year high in the second quarter.
2014?2014August?20140803August 03August 3, 201420140803Governor Brown declares state of emergency for California wildfires.
2014?2014August?20140806August 06August 6, 201420140806Russia bans imports of beef, pork, fruit, vegetables, poultry, fish, cheeses and milk from the United States, the European Union, Australia, Canada, and Norway.
2014?2014August?20140821August 21August 21, 201420140821Bank of America agrees to pay a record $16.65 billion fine to settle charges it sold flawed mortgage securities in the run up to the financial crisis. California homeowners and pension funds expect to receive $800 million from this settlement.
2014?2014August?20140824August 24August 24, 201420140824A 6.0 magnitude earthquake strikes Napa, California, the strongest to hit Northern California since the Loma Prieta earthquake in 1989.
2014?2014August?20140826August 26August 26, 201420140826The S&P 500 closes above 2,000 for the first time.
2014?2014September?20140904September 04September 4, 201420140904The European Central Bank cuts its prime interest rate to 0.05 percent from a previous record low of 0.15 percent.
2014?2014September?20140918September 18September 18, 201420140918California Governor signs legislation that would increase the amount of tax credits available for movies and television shows produced in the state, from $100 million to $330 million per year, for the next five years beginning in 2015.
2014?2014September?20140922September 22September 22, 201420140922Alibaba's IPO ranks as the world's biggest at $25 billion, surpassing a previous world record set by Agricultural Bank of China in 2010.
2014?2014September?20140923September 23September 23, 201420140923The United States and allies launch first air strikes against ISIS in Syria.
2014?2014September?20140926September 26September 26, 201420140926Bill Gross, co-founder and chief investment officer of PIMCO, announces his resignation from the firm.
2014?2014September?20140926September 26 - December 15September 26 - December 15, 201420140926Hong Kong protests.
2014?2014September?20140930September 30September 30, 201420140930First case of Ebola in the U.S. is confirmed.
2014?2014September?20140930September 2014 - May 2015September 2014 - May 201520140930Congestion builds at U.S. West Coast ports, most notably in the ports of Los Angeles and Long Beach. A stalemate between the International Longshore & Warehouse Union and the Pacific Maritime Association on contract renewals is causing shipping to become delayed, creating cargo backups at West Coast ports.
2014?2014October?20141003October 03October 3, 201420141003Unemployment rate in the United States drops to 5.9 percent in September, the first time it has been below 6 percent since July 2008.
2014?2014October?20141009October 09October 9, 201420141009The Dow Jones Industrial average drops 334 points, the biggest point drop since June 2013.
2014?2014October?20141021October 21October 21, 201420141021China’s third-quarter GDP grew by 7.3 percent year-over-year, its slowest pace in more than five years.
2014?2014October?20141030October 30October 30, 201420141030Russia and Ukraine reach an agreement to resume deliveries of natural gas from Russia to Ukraine until March 2015.
2014?2014October?20141031October 31October 31, 201420141031Bank of Japan announces expanded monetary stimulus.
2014?2014October?20141031October 31October 31, 201420141031The Federal Reserve makes the final bond purchase under the stimulus program known as quantitative easing 3 (QE3).
2014?2014November?20141104November 04November 4, 201420141104U.S. midterm election. The Republican Party retains control of the U.S. House of Representatives and regains control of the U.S. Senate. State minimum wage raises pass in Alaska, Arkansas, Nebraska, and South Dakota. California voters pass Propositions 1, 2, and 47: Proposition 1—Water Bond. Funding for Water Quality, Supply, Treatment, and Storage Projects. Authorizes $7.545 billion in general obligation bonds for state water supply infrastructure projects, including surface and groundwater storage, ecosystem and watershed protection and restoration, and drinking water protection. Proposition 2—State Budget. Budget Stabilization Account. Legislative Constitutional Amendment. Requires annual transfer of state general fund revenues to budget stabilization account. Requires half the revenues be used to repay state debts. Limits use of remaining funds to emergencies or budget deficits. Proposition 47—Criminal Sentences. Misdemeanor Penalties. Requires misdemeanor sentence instead of felony for certain drug and property offenses. Inapplicable to persons with prior conviction for serious or violent crime and registered sex offenders.
2014?2014November?20141104November 04November 4, 201420141104Saudi Arabia cuts the price of its crude oil exports to the U.S. but raises the price to Asia and Europe. The West Texas Intermediate benchmark oil price falls to a four-year low of $77.20 a barrel.
2014?2014November?20141105November 05November 5, 201420141105Standard and Poor’s upgrades California’s bond credit rating from A to A+.
2014?2014November?20141110November 10November 10, 201420141110The U.S. and China sign the Information Technology Agreement (ITA) and a new visa agreement. The ITA aims to eliminate tariffs on a range of technology products. The new visa arrangement aims to increase business and tourist travel.
2014?2014November?20141111November 11November 11, 201420141111China and the U.S. reach an agreement on climate change. China commits to stop its CO2 emissions from increasing by 2030 and the U.S. commits to cut CO2 emissions 26-28 percent below 2005 levels by 2025.
2014?2014November?20141117November 17November 17, 201420141117Japan announces a drop in its third-quarter GDP following a contraction in the second quarter. A sales tax increase was deferred and a snap election on December 14 was announced.
2014?2014November?20141120November 20November 20, 201420141120President Obama announces a series of executive actions on immigration, which include expanding the population eligible for the Deferred Action for Childhood Arrivals (DACA) program, allowing parents of some U.S. citizens and lawful permanent residents to request deferred deportation and employment authorization, and expanding the use of provisional waivers of unlawful presence to include the spouses and sons and daughters of lawful permanent residents and the sons and daughters of U.S. citizens.
2014?2014November?20141121November 21November 21, 201420141121China cuts its benchmark one-year loan rate for the first time since July 2012.
2014?2014November?20141124November 24November 24, 201420141124Limits for mortgage loans backed by Fannie Mae and Freddie Mac to rise in San Diego, Ventura, Monterey, and Napa counties in 2015.
2014?2014November?20141128November 28November 28, 201420141128OPEC decides not to cut its oil production output amid falling oil prices. The West Texas Intermediate benchmark oil price falls to $65.94 a barrel, the first time it has been below $70 since May 2010.
2014?2014December?20141215Mid - DecemberMid - December 201420141215Rainstorms sweep across California bringing high winds, heavy rain, and flooding. A state of emergency was declared in Marin, Mendocino, Ventura, and San Mateo counties.
2014?2014December?20141214December 14December 14, 201420141214Over 190 nations agree on a draft plan to address climate change by reducing greenhouse gas emissions at a United Nations conference in Lima, Peru.
2014?2014December?20141214December 14December 14, 201420141214Hong Kong protests end.
2014?2014December?20141215December 15December 15, 201420141215The Russian ruble falls to historic low of 73 against the U.S. dollar. Apple Inc. halts online sales in Russia.
2014?2014December?20141215December 15December 15, 201420141215The Bank of Russia hikes its key interest rate for a sixth time this year.
2014?2014December?20141217December 17December 17, 201420141217The U.S. restores full diplomatic relations with Cuba and plans to open an embassy in Havana. In addition, the U.S. eases restrictions on remittances, travel, and banking relations.
2014?2014December?20141217December 17December 17, 201420141217The Federal Reserve says it “can be patient” about the timing of its first rate hike after an extended period of near-zero rate target, signaling interest rate increases will be slow and steady.
2014?2014December?20141218December 18December 18, 201420141218The Dow Jones Industrial average surged 421 points, its best one-day point gain since November 30, 2011 while the S&P 500 jumped 48.34 points, its biggest one-day gain in nearly two years.
2014?2014December?20141223December 23December 23, 201420141223U.S. real GDP grew by 5 percent in the third quarter of 2014, according to the “third” estimate released by the Bureau of Economic Analysis. This is the highest quarterly growth since third quarter of 2003.
2014?2014December?20141231December 31December 31, 201420141231The S&P 500 closes at 2,058.90, an increase of 11.39 percent for 2014.
2014?2014December?20141231December 31December 31, 201420141231The West Texas Intermediate benchmark oil price settles at $53.45 a barrel, a 46 percent decline for 2014.
2014?2014December?20141231December 31December 31, 201420141231Minimum wage increases go into effect in New York and West Virginia.
2013?2013January?20130101January 01January 1, 201320130101Congress approves a budget deal raising taxes and postponing automatic spending cuts (sequestration), avoiding the “fiscal cliff.”
2013?2013January?20130107January 07January 7, 201320130107Ten U.S. banks settle with the Securities and Exchange Commission to stop mortgage foreclosure process audits.
2013?2013January?20130108January 08January 8, 2013201301082012 was the hottest year for the contiguous U.S. since records began in 1895.
2013?2013January?20130116January 16January 16, 201320130116New Boeing 787 aircraft, the Dreamliner, grounded over lithium-ion battery concerns.
2013?2013January?20130121January 21January 21, 201320130121President Obama is inaugurated for a second term.
2013?2013January?20130124January 24January 24, 201320130124Ukraine signs shale gas deal with Royal Dutch Shell.
2013?2013January?20130129January 29 - 30January 29 - 30, 201320130129Severe thunderstorms and tornadoes affect the midwestern and southern U.S.
2013?2013February?20130201February 01February 1, 201320130201Dow Jones Industrial average closes above 14,000 points for the first time since 2007.
2013?2013February?20130208February 8 - 9February 8 - 9, 201320130208Massive blizzard hits the northeastern U.S. and southeastern Canada.
2013?2013February?20130214February 14February 14, 201320130214The Eurozone slides into deeper recession, making 2012 the first year with no growth in any quarter since tracking began in 1995.
2013?2013February?20130220February 20February 20, 201320130220Japan records the first trade deficit since 1979 for January 2013.
2013?2013February?20130222February 22February 22, 201320130222Moody's downgrades United Kingdom's credit rating from AAA to AA1.
2013?2013February?20130227February 27February 27, 201320130227JPMorgan to cut 17,000 jobs over the next two years, primarily from the mortgage unit.
2013?2013February?20130228February 28February 28, 201320130228U.S. real GDP grew by 0.1 percent in the fourth quarter of 2012.
2013?2013March?20130301March 01March 1, 201320130301Automatic federal government budget cuts known as “sequestration” takes effect.
2013?2013March?20130305March 05March 5, 201320130305Dow Jones Industrial average surpasses pre-financial crisis levels, reaching an all-time high of 14,254.
2013?2013March?20130305March 05March 5, 201320130305President Hugo Chavez of Venezuela dies.
2013?2013March?20130308March 08March 8, 201320130308U.N. passes more sanctions against North Korea.
2013?2013March?20130308March 08March 8, 201320130308Fitch downgrade Italy’s credit rating from A- to BBB+
2013?2013March?20130313March 13March 13, 201320130313The European Parliament rejects a European Union budget for the first time in its history.
2013?2013March?20130314March 14March 14, 201320130314Xi Jingping becomes President of China.
2013?2013March?20130316March 16 - 25March 16 - 25, 201320130316Cyprus financial crisis.
2013?2013March?20130328March 28March 28, 201320130328U.S. real GDP growth revised to 0.4 percent for the fourth quarter of 2012.
2013?2013March?20130331March 31March 31, 201320130331Exxon Mobil crude oil pipeline ruptures near Mayflower, Arkansas.
2013?2013April?20130402April 02April 2, 201320130402Fannie Mae and Freddie Mac announce record profits for 2012.
2013?2013April?20130405April 05April 5, 201320130405Bank of Japan to pump monetary stimulus into economy.
2013?2013April?20130408April 08April 8, 201320130408Former U.K. Prime Minister Margaret Thatcher dies.
2013?2013April?20130410April 10April 10, 201320130410Worldwide sales of personal computers fall during the first quarter of 2013, the largest drop on record.
2013?2013April?20130415April 15April 15, 201320130415Boston Marathon bombing.
2013?2013April?20130420April 20April 20, 201320130420Powerful earthquake strikes southwestern China.
2013?2013April?20130422April 22April 22, 201320130422European Union lifts oil trade embargo to Syria.
2013?2013April?20130423April 23April 23, 201320130423U.S. stock market flash crash.
2013?2013April?20130424April 24April 24, 201320130424Bangladesh factory building collapses, killing hundreds.
2013?2013May?20130502May 02May 2, 201320130502Record snowfall in the central northern U.S.
2013?2013May?20130502May 2 - 6May 2 - 6, 201320130502Wildfires in Ventura and Los Angeles counties.
2013?2013May?20130506May 06May 6, 201320130506U.S. Senate passes a bill allowing states to tax internet sales.
2013?2013May?20130507May 07May 7, 201320130507Dow Jones Industrial average closes above the 15,000 mark for the first time.
2013?2013May?20130516May 16May 16, 201320130516U.S. announces new sanctions against Syria.
2013?2013May?20130517May 17May 17, 201320130517U.S. to expand exportation of natural gas.
2013?2013May?20130530May 30May 30, 201320130530Japan suspends imports of U.S. wheat after the discovery of genetically modified wheat on a U.S. farm.
2013?2013June?20130603June 03June 3, 201320130603U.S. expands sanctions against Iran.
2013?2013June?20130607June 07June 7, 201320130607San Onofre nuclear power plant near San Diego closes.
2013?2013June?20130612June 12June 12, 201320130612U.S. dollar suffers significant losses against a variety of currencies.
2013?2013June?20130613June 13June 13, 201320130613A tsunami hits the east coast of the U.S.
2013?2013June?20130618June 18June 18, 201320130618Boeing launches the 787-10, Dreamliner’s biggest version.
2013?2013June?20130620June 20June 20, 201320130620The Dow Jones Industrial average and S&P 500 record their worst day of 2013, falling 2.3 percent and 2.5 percent respectively.
2013?2013June?20130626June 26June 26, 201320130626U.S. real GDP grew 1.8 percent in the first quarter of 2013.
2013?2013June?20130628June 28June 28, 201320130628Gold falls below $1200 per ounce for the first time since 2010.
2013?2013July?20130701July 01July 1, 201320130701Croatia becomes the 28th member of the European Union.
2013?2013July?20130702July 02July 2, 201320130702The Obama administration postpones enforcement of a major requirement of the Affordable Care Act giving employers an extra year to provide health insurance.
2013?2013July?20130706July 06July 6, 201320130706A train transporting crude oil derails and explodes in Lac-Megantic, Quebec.
2013?2013July?20130711July 11July 11, 201320130711The Dow Jones Industrial average and S&P 500 close at record highs of 15,460 and 1,675, respectively, with the NASDAQ hitting 3,578, its highest level in ten years.
2013?2013July?20130717July 17July 17, 201320130717Heat wave settles over the U.S.
2013?2013July?20130718July 18July 18, 201320130718Detroit files for Chapter 9 bankruptcy protection, the largest municipal bankruptcy in U.S. history.
2013?2013July?20130718July 18 - 30July 18 - 30, 201320130718Wildfire in Riverside county, California.
2013?2013July?20130725July 25July 25, 201320130725China institutes business tax breaks and export liberalization in an effort to boost its economic growth.
2013?2013July?20130728July 28July 28, 201320130728U.S. and Japan announce they are moving closer to tapping a new energy source, methane hydrate.
2013?2013July?20130731July 31July 31, 201320130731Comprehensive revision of U.S. gross domestic product released.
2013?2013August?20130801August 01August 1, 201320130801The S&P 500 climbed 1.3 percent and closed above 1,700 for the first time, while the Dow Jones Industrial average rose 0.8 percent to a record high of 15,628.
2013?2013August?20130814August 14August 14, 201320130814The Eurozone has returned to growth in the second quarter, led by Germany and France.
2013?2013August?20130814August 14August 14, 201320130814Cisco Systems announces plans to cut 4000 jobs.
2013?2013August?20130817August 17August 17, 201320130817The North Rim Fire, the third largest wildfire in California's history, erupts near Yosemite National Park.
2013?2013August?20130822August 22August 22, 201320130822NASDAQ shuts down for 3 hours due to a computer problem.
2013?2013September?20130902September 02September 2, 201320130902The new eastern span of the San Francisco–Oakland Bay Bridge opens to the public.
2013?2013September?20130912September 12September 12, 201320130912China unveils its “Atmospheric Pollution Prevention Action Plan”.
2013?2013September?20130912September 12September 12, 201320130912Twitter files for an IPO.
2013?2013September?20130915September 15September 15, 201320130915Saboteurs blow up an export oil pipeline in Yemen.
2013?2013September?20130918September 18September 18, 201320130918The Federal Reserve announces that it will continue its bond-buying program due to concerns about weakening growth.
2013?2013September?20130920September 20September 20, 201320130920EPA outlines first steps to limit U.S. coal plant pollution.
2013?2013September?20130920September 20September 20, 201320130920California Governor signs SB 4 imposing new requirements on hydraulic fracturing.
2013?2013September?20130926September 26September 26, 201320130926U.S. real GDP growth revised to 2.5 percent in the second quarter of 2013.
2013?2013October?20131001October 1 - 16October 1 - 16, 201320131001Federal government shuts down.
2013?2013October?20131001October 01October 1, 201320131001The Affordable Care Act’s health insurance exchanges debuts.
2013?2013October?20131005October 05October 5, 201320131005Department of Defense calls back its furloughed civilian workers.
2013?2013October?20131015October 15October 15, 201320131015Fitch places the U.S. under a "rating watch negative".
2013?2013October?20131016October 16October 16, 201320131016Congress agrees to fund the government through January 15 at sequestration levels and suspend the debt limit until February 7 to end shutdown of federal government.
2013?2013October?20131018October 18October 18, 201320131018China's real GDP grew 7.8 percent in the third quarter of 2013.
2013?2013October?20131029October 29October 29, 201320131029NASDAQ freezes for an hour.
2013?2013November?20131108November 08November 8, 201320131108A train transporting crude oil derails and explodes in western Alabama.
2013?2013November?20131117November 17November 17, 201320131117Several tornadoes strike the midwestern U.S.
2013?2013November?20131124November 24November 24, 201320131124Iran agrees with the U.S., Great Britain, France, Germany, China and Russia, to limit their nuclear development program in exchange for sanctions relief.
2013?2013November?20131127November 27November 27, 201320131127Greece demoted to “emerging market” status by the MSCI Emerging Markets Index.
2013?2013November?20131127November 27November 27, 201320131127Bitcoin price rises above $1,000.
2013?2013November?20131130November 30November 30, 201320131130Genesis Solar Energy Project Unit 2, located in Riverside county, is on line and producing power.
2013?2013December?20131201December 01December 201320131201Cold wave affecting parts of eastern U.S. and Canada caused by southward shifts of the north polar vortex.
2013?2013December?20131205December 05December 5, 201320131205Former President of South Africa Nelson Mandela dies.
2013?2013December?20131206December 06December 6, 201320131206U.S. unemployment rate falls to 7 percent in November 2013, the lowest since November 2008.
2013?2013December?20131209December 09December 9, 201320131209American Airlines and U.S. Airways merge.
2013?2013December?20131220December 20December 20, 201320131220U.S. real GDP growth revised to 4.1 percent for the third quarter of 2013.
2013?2013December?20131220December 20December 20, 201320131220The Dow Jones Industrial average and S&P 500 hit record highs of 16,221 and 1,818, respectively.
2013?2013December?20131224December 24December 24, 201320131224Deadline for U.S. residents to sign up for health care insurance without penalty.
2013?2013December?20131230December 30December 30, 201320131230A train transporting crude oil derails and catches fire near Casselton, North Dakota.
2013?2013December?20131231December 31December 31, 201320131231Latvia becomes 18th Eurozone member.
2012?2012January?20120101January - FebruaryJanuary - February 201220120101Commodity prices soaring. Uprisings in the Middle East.
2012?2012February?20120201February 01February 1, 201220120201Facebook filed for an IPO.
2012?2012February?20120208February 08February 8, 201220120208States reached $25 billion settlement with banks over foreclosure abuses.
2012?2012February?20120214February 14February 14, 201220120214S&P upgrades California's financial outlook.
2012?2012February?20120222February 22February 22, 201220120222President Obama signed into law the extension of the payroll tax cut and unemployment benefits.
2012?2012April?20120420April 20April 20, 201220120420California’s labor market continued its slow improvement in March as employers added jobs for the eighth straight month.
2012?2012April?20120427April 27April 27, 201220120427Advance estimate of first-quarter Real GDP growth came in at 2.2 percent, down from 3.0 percent growth in the fourth quarter.
2012?2012May?20120518May 18May 18, 201220120518Facebook IPO
2012?2012June?20120620June 20June 20, 201220120620The Federal Reserve extends 'Operation Twist' through the end of 2012.
2012?2012June?20120621June 21June 21, 201220120621Moody's cuts credit ratings of 15 major banks.
2012?2012June?20120628June 28June 28, 201220120628Revised estimate of first-quarter Real GDP growth came in at 1.9 percent, down from 3.0 percent growth in the fourth quarter. Supreme Court upholds health care law.
2012?2012August?20120801August 01August 1, 201220120801The city of San Bernardino, CA files for bankruptcy.
2012?2012August?20120806August 06August 6, 201220120806Fire at the Chevron refinery in Richmond, CA
2012?2012August?20120829Late - AugustLate - August 201220120829Hurricane Isaac caused destruction along the northern Gulf Coast.
2012?2012August?20120829August 29August 29, 201220120829Revised estimate of second-quarter Real GDP growth came in at 1.7 percent.
2012?2012September?20120906September 06September 6, 201220120906European Central Bank to launch an “outright monetary transactions” program.
2012?2012September?20120915September 15September 15, 201220120915Amazon.com to start collecting California sales tax.
2012?2012October?20121010October 10October 10, 201220121010Spain’s credit rating downgraded by S&P
2012?2012October?20121011October 11October 11, 201220121011The nation’s foreclosures fall to 5-year low.
2012?2012October?20121028October 28 - 29October 28 - 29, 201220121028Superstorm Sandy slams the Northeast and mid-Atlantic states.
2012?2012November?20121114November 14November 14, 201220121114California’s cap-and-trade program is launched.
2012?2012December?20121220December 20December 20, 201220121220Third-quarter Real GDP grew at a seasonally adjusted annual rate of 3.1percent, the fastest rate of growth since the fourth quarter of 2011.
2011?2011February?20110225February 25February 25, 201120110225Fourth quarter real GDP increased at an annual rate of 2.8 percent. In the third quarter, real GDP increased 2.6 percent.
2011?2011March?20110311March 11March 11, 201120110311Powerful earthquake and tsunami devastate Northern Japan.
2011?2011March?20110319March 19March 19, 201120110319U.S. joins airstrikes in Libya.
2011?2011March?20110325March 25March 25, 201120110325Fourth quarter real GDP increased at an annual rate of 3.1 percent. In the third quarter, real GDP increased 2.6 percent.
2011?2011April?20110427April 27April 27, 201120110427Tornadoes ravaged the South.
2011?2011May?20110501May 01May 1, 201120110501Osama bin Laden has been killed.
2011?2011May?20110526May 26May 26, 201120110526First quarter real GDP increased at an annual rate of 1.8 percent. In the fourth quarter, real GDP increased 3.1 percent.
2011?2011July?20110711July 11July 11, 201120110711Debt problems in Europe and U.S. weigh on U.S. stocks.
2011?2011July?20110715July 15July 15, 201120110715Monthly inflation retreats on lower gas prices.
2011?2011July?20110729July 29July 29, 201120110729Real GDP rose by 1.3 percent in Q2. Downward adjustments to the prior 3 quarters were made. Benchmark revision revealed a deeper recession than previously reported.
2011?2011August?20110802August 02August 2, 201120110802Obama signs debt ceiling bill.
2011?2011August?20110804August 04August 4, 201120110804Wall Street suffers worst selloff in two years.
2011?2011August?20110805August 05August 5, 201120110805S&P downgrades U.S. credit rating.
2011?2011August?20110828August 28August 28, 201120110828Hurricane Irene hammers the Northeast.
2011?2011September?20110921September 21September 21, 201120110921The Federal Reserve decided to extend the average maturity of their security holdings by buying $400 billion of longer-dated securities and selling $400 billion of shorter-dated securities by the end of June 2012.
2011?2011September?20110922September 22September 22, 201120110922Dow Jones industrials sees biggest two-day decline since December 2008.
2011?2011October?20111021October 21October 21, 201120111021Obama signs free-trade agreements with South Korea, Colombia, and Panama.
2011?2011November?20111130November 30November 30, 201120111130Six Central Banks take joint action to enhance global liquidity.
2011?2011December?20111215December 15December 15, 201120111215U.S. marks end to Iraq war.
2011?2011December?20111223December 23December 23, 201120111223President Obama signed a two-month extension of the payroll tax cut.
2010?2010January?20100112January 12January 12, 201020100112Haiti earthquake
2010?2010January?20100113January 13January 13, 201020100113S&P lowered California's bond rating to A- from A.
2010?2010January?20100128January 28January 28, 201020100128The Senate confirmed Federal Reserve Chairman Ben Bernanke's second term.
2010?2010February?20100218February 18February 18, 201020100218The Federal Reserve raised the discount rate charged to banks for direct loans by a quarter point to 0.75 percent.
2010?2010February?20100226February 26February 26, 201020100226Fourth quarter GDP increased at an annual rate of 5.9 percent.
2010?2010February?20100227February 27February 27, 201020100227Chile earthquake
2010?2010March?20100323March 23March 23, 201020100323Obama signs landmark health care overhaul bill.
2010?2010April?20100402April 02April 2, 201020100402BP massive oil spill in the Gulf of Mexico.
2010?2010April?20100414April 14 - 20April 14 - 20 , 201020100414Ash clouds from an Icelandic volcano shut down airports across Europe.
2010?2010April?20100415April 15April 15, 201020100415Obama signs extension of jobless benefits.
2010?2010April?20100430April 30April 30, 201020100430First quarter GDP increased at an annual rate of 3.2 percent.
2010?2010May?20100527May 27May 27, 201020100527Revised first quarter GDP increased at an annual rate of 3.0 percent.
2010?2010July?20100721July 21July 21, 201020100721The Wall Street Reform and Consumer Protection Act was signed into law by President Obama.
2010?2010July?20100722July 22July 22, 201020100722President Obama signed a six-month extension of emergency jobless benefits for the long-term unemployed.
2010?2010July?20100730July 30July 30, 201020100730Second quarter GDP increased at an annual rate of 2.4 percent. In the first quarter, GDP increased 3.7 percent.
2010?2010September?20100916September 16September 16, 201020100916US poverty rate jumped to 14.3% in 2009, its highest level since 1994, and the 43.6 million Americans in need is the highest number in 51 years of record-keeping, according to the Census Bureau.
2010?2010September?20100920September 20September 20, 201020100920The US recession ended in June 2009, according to the NBER. Californians’ income falls for the first time since WWII.
2010?2010September?20100930September 30September 30, 201020100930Second quarter GDP increased at an annual rate of 1.7 percent. In the first quarter, GDP increased 3.7 percent.
2010?2010October?20101015October 15October 15, 201020101015In 2011, for the second straight year, there will be no inflation-based increase in Social Security benefits.
2010?2010November?20101103November 03November 3, 201020101103The Federal Reserve announced a second round of quantitative easing through the purchase of $600 billion in long term Treasury bonds.
2010?2010December?20101217December 17December 17, 201020101217President Obama signed into law an extension of the existing federal income tax cuts and long-term unemployment benefits. The bill also includes a 2% rollback of Social Security payroll taxes.
2010?2010December?20101222December 22December 22, 201020101222Third quarter GDP increased at an annual rate of 2.6 percent. In the second quarter, GDP increased 1.7 percent.
2009?2009January?20090120January 20January 20, 200920090120Barack Obama inaugurated as the 44th President of the U.S.
2009?2009January?20090123January 23January 23, 200920090123British economy is officially in recession.
2009?2009February?20090203February 03February 3, 200920090203S&P lowered California's bond rating to A from A+.
2009?2009February?20090217February 17February 17, 200920090217President Obama signed the $787 billion economic stimulus package into law. The "American Recovery and Reinvestment Act of 2009" includes a variety of spending measures and tax cuts intended to promote economic recovery.
2009?2009February?20090218February 18February 18, 200920090218President Obama unveiled the Homeowner Affordability and Stability Plan.
2009?2009February?20090220February 20February 20, 200920090220California Governor Arnold Schwarzenegger signs the 2009-10 state budget bill.
2009?2009February?20090227February 27February 27, 200920090227Fourth quarter GDP decreased at an annual rate of 6.2 percent.
2009?2009March?20090302March 02March 2, 200920090302Dow Jones Industrial Average drops below 7000 for the first time since 1997.
2009?2009March?20090319March 19March 19, 200920090319Moody's lowered California's bond rating from A1 to A2. Fitch lowered California's bond rating from A+ to A.
2009?2009March?20090323March 23March 23, 200920090323U.S. Treasury Secretary unveils the Public-Private Investment Program.
2009?2009April?20090423April 23April 23, 200920090423California adopts low carbon fuel standards.
2009?2009April?20090426April 26April 26, 200920090426Swine Flu declared public health emergency.
2009?2009April?20090429April 29April 29, 200920090429First quarter GDP decreased at annual rate of 6.1 percent.
2009?2009April?20090430April 30April 30, 200920090430Chrysler files for bankruptcy.
2009?2009May?20090507May 07May 7, 200920090507Governor Schwarzenegger proclaims state of emergency in Santa Barbara due to Jesusita wildfire.
2009?2009June?20090601June 01June 1, 200920090601General Motors files for bankruptcy.
2009?2009June?20090610June 10June 10, 200920090610Fiat completes acquisition of Chrysler assets.
2009?2009June?20090625June 25June 25, 200920090625First quarter GDP decreased at annual rate of 5.5 percent.
2009?2009July?20090706July 06July 6, 200920090706Fitch Ratings downgraded California’s long-term bond rating from A- to BBB. Moody's lowered the State's rating from A2 to Baa1.
2009?2009July?20090724July 24July 24, 200920090724Dow closes above 9000; first time since January. Federal minimum wage jumps from $6.55 an hour to $7.25 an hour.
2009?2009July?20090728July 28July 28, 200920090728Case-Shiller index shows first rise in U.S. housing prices in 3 years.
2009?2009August?20090824August 24August 24, 200920090824Cash-for-Clunkers program ends.
2009?2009August?20090827August 27August 27, 200920090827Second quarter GDP fell 1 percent, unchanged from the advance estimate in July and following a 6.4% drop in Q1.
2009?2009October?20091014October 14October 14, 200920091014Dow closes above 10,000 for the first time in a year.
2009?2009October?20091029October 29October 29, 200920091029Third quarter GDP increased at an annual rate of 3.5 percent..
2009?2009November?20091106November 06November 6, 200920091106Jobless benefit extended. Homebuyer tax credit extended and expanded.
2009?2009December?20091222December 22December 22, 200920091222Third quarter GDP annual growth rate is 2.2%, per final estimate.
2009?2009December?20091231December 31December 31, 200920091231Down 25 percent at its March 9, 2009 nadir, the Dow Jones industrial average rose 59 percent, and finished the year up 19 percent. The Nasdaq increased 79 percent and ended 2009 up 44 percent. The S&P 500 rose 65 percent, finishing the year up 23 percent.
2008?2008January?20080101January 01January 1, 200820080101California minimum wage increased to $8.00 per hour from $7.50.
2008?2008January?20080111January 11January 11, 200820080111Bank of America agrees to purchase Countrywide Financial.
2008?2008January?20080114January 14January 14, 200820080114Fitch assigns Negative Rating Watch to State of California.
2008?2008January?20080121January 21 - 22January 21 - 22, 200820080121Global stock markets plunge.
2008?2008January?20080122January 22January 22, 200820080122Federal funds rate target reduced from 4.25 percent to 3.5 percent, the biggest one-day interest rate reduction on record.
2008?2008January?20080130January 30January 30, 200820080130Federal funds rate target reduced from 3.5 percent to 3 percent.
2008?2008February?20080212February 12February 12, 200820080212Hollywood writers strike ends.
2008?2008February?20080219February 19February 19, 200820080219Crude oil price tops $100 a barrel.
2008?2008March?20080313March 13March 13, 200820080313Gold futures hit $1000 an ounce for the first time. Crude oil price tops $110 a barrel. Gas prices rise to another record high.
2008?2008March?20080316March 16March 16, 200820080316JPMorgan agrees to buy Bear Stearns for a mere fraction of what it was once worth.
2008?2008March?20080317March 17March 17, 200820080317The Fed expanded the range of programs to boost financial market liquidity and cut the discount rate by 25 basis points, to 3.25 percent
2008?2008March?20080318March 18March 18, 200820080318Federal funds rate target reduced from 3 percent to 2.25 percent.
2008?2008March?20080327March 27March 27, 200820080327Fourth quarter GDP increased at an annual rate of 0.6 percent, compared with 4.9 percent in the third quarter.
2008?2008April?20080415April 15April 15, 200820080415Retail chains caught in a wave of bankruptcies.
2008?2008April?20080416April 16April 16, 200820080416Consumer prices, over the past 12 months, is up by 4 percent, reflecting sharp gains in energy costs, which are up 17 percent over that period, and food prices, which are up 4.4 percent.
2008?2008April?20080430April 30April 30, 200820080430Federal funds rate target reduced from 2.25 percent to 2 percent. First quarter GDP increased at an annual rate of 0.6 percent.
2008?2008May?20080512May 12May 12, 200820080512China earthquake
2008?2008May?20080501May - JuneMay - June 200820080501Gasoline prices set new all-time highs.
2008?2008June?20080626June 26June 26, 200820080626First quarter GDP increased at an annual rate of 1 percent. Crude oil hits new high of $140 a barrel.
2008?2008July?20080706July 06July 6, 200820080706Extended unemployment insurance benefits begin.
2008?2008July?20080711July 11July 11, 200820080711IndyMac Bank seized by federal regulators.
2008?2008July?20080730July 30July 30, 200820080730President Bush signs housing rescue law.
2008?2008August?20080808August 08August 8, 200820080808Georgia-Russia conflict escalates.
2008?2008August?20080828August 28August 28, 200820080828Second quarter GDP increased at an annual rate of 3.3 percent.
2008?2008September?20080901September 01September 1, 200820080901Hurricane Gustav strikes land west of New Orleans.
2008?2008September?20080907September 07September 7, 200820080907The U.S. government takes over Fannie Mae and Freddie Mac.
2008?2008September?20080913September 13September 13, 200820080913Hurricane Ike hits Texas.
2008?2008September?20080914September 14September 14, 200820080914Merrill Lynch sold to Bank of America.
2008?2008September?20080915September 15September 15, 200820080915Lehman Brothers files for bankruptcy protection.
2008?2008September?20080917September 17September 17, 200820080917The Federal Reserve loans $85 billion to American International Group (AIG).
2008?2008September?20080919September 19September 19, 200820080919Treasury to provide temporary guarantees for money market mutual funds.
2008?2008September?20080923September 23September 23, 200820080923Governor Schwarzenegger signs record-late state budget.
2008?2008September?20080925September 25September 25, 200820080925Washington Mutual was seized by the FDIC, and its banking assets were sold to JP MorganChase.
2008?2008September?20080926September 26September 26, 200820080926Second quarter GDP increased at an annual rate of 2.8 percent.
2008?2008September?20080929September 29September 29, 200820080929Citigroup buys banking operations of Wachovia.
2008?2008October?20081001October 01October 1, 200820081001Financial crisis spreads to Europe.
2008?2008October?20081003October 03October 3, 200820081003The Emergency Economic Stabilization Act (commonly referred to as a bailout of the U.S. financial system) became law. Wells Fargo to merge with Wachovia.
2008?2008October?20081006October 6 - 10October 6 - 10, 200820081006Worst week for the stock market in 75 years.
2008?2008October?20081006October 06October 6, 200820081006Fed provides $900 billion in short-term cash loans to banks.
2008?2008October?20081007October 07October 7, 200820081007Fed makes emergency move to lend around $1.3 trillion directly to companies.
2008?2008October?20081008October 08October 8, 200820081008Federal funds rate target reduced from 2 percent to 1.5 percent. The discount rate was cut to 1.75 percent.
2008?2008October?20081011October 11October 11, 200820081011The Dow Jones Industrial Average caps its worst week ever with its highest volatility day ever recorded in its 112 year history.
2008?2008October?20081012October 12October 12, 200820081012European leaders announce recapitalization plans for Europe's banks.
2008?2008October?20081024October 24October 24, 200820081024OPEC to cut oil output by 1.5 million barrels a day.
2008?2008October?20081029October 29October 29, 200820081029Federal funds rate target reduced from 1.5 percent to 1 percent.
2008?2008October?20081030October 30October 30, 200820081030Third quarter GDP declines 0.3 percent.
2008?2008November?20081103November 03November 3, 200820081103Boeing machinists’ 57-day strike ends.
2008?2008November?20081115November 15November 15, 200820081115Wildfires burn five Southern California counties.
2008?2008November?20081117November 17November 17, 200820081117Japan is officially in recession.
2008?2008November?20081124November 24November 24, 200820081124The federal government approves plan to help Citigroup.
2008?2008December?20081201December 01December 1, 200820081201Recession in the US began in December 2007, according to NBER.
2008?2008December?20081216December 16December 16, 200820081216The Federal Reserve cut the federal funds rate target to a range of between zero percent and 0.25 percent.
2008?2008December?20081217December 17December 17, 200820081217OPEC to cut oil production starting January in a bid to prop up falling oil prices.
2008?2008December?20081219December 19December 19, 200820081219U.S. auto industry bailout approved.
2008?2008December?20081223December 23December 23, 200820081223Third quarter GDP decreased at an annual rate of 0.5 percent.
2007?2007January?20070101January 01January 1, 200720070101California minimum wage increased to $7.50 per hour from $6.75.
2007?2007January?20070111January 11January 11, 200720070111Vietnam becomes WTO member.
2007?2007January?20070115Mid - JanuaryMid - January 200720070115Freezing temperatures in California caused some $1.3 billion in crop losses.
2007?2007January?20070125January 25 - 26January 25 - 26, 200720070125Sales of both new and existing homes in the U.S. suffered sharp declines last year. The plunge in new home sales was the biggest drop since 1990 and sales of existing homes saw its biggest decline since 1989.
2007?2007February?20070201February 01February 200720070201Crippling winter storms blanketed large swaths of the Midwest and Northeast with snow, ice and freezing rain.
2007?2007February?20070221February 21February 21, 200720070221Rising default rates hitting subprime mortgage industry hard.
2007?2007February?20070227February 27February 27, 200720070227Dow Jones industrial average down 416 points, biggest one-day point loss since 2001, after declining markets in China and Europe and a steep drop in durable goods orders triggered a massive sell-off on Wall Street.
2007?2007February?20070228February 28February 28, 200720070228GDP grew at a 2.2 percent pace in the 4th quarter –a considerably weaker rate than what the government first estimated.
2007?2007March?20070302March 02March 2, 200720070302The latest benchmark revision to the California labor market statistics shows nonfarm payroll employment growth was considerably stronger than what was first estimated.
2007?2007March?20070314March 14March 14, 200720070314President Bush issues a disaster declaration for California counties hurt by the January deep freeze.
2007?2007March?20070329March 29March 29, 200720070329Fourth quarter GDP revised upwards to 2.5 percent.
2007?2007April?20070416April 16April 16, 200720070416The number of default notices sent to California homeowners last quarter increased to its highest level in almost ten years, the result of flat appreciation, slow sales, and post teaser-rate mortgage resets.
2007?2007April?20070425April 25April 25, 200720070425Dow Jones Industrials close above 13,000 for the first time.
2007?2007April?20070427April 27April 27, 200720070427First quarter GDP increased at an annual rate of 1.3 percent.
2007?2007May?20070503May 03May 3, 200720070503S&P 500 closed above 1,500 for the first time in more than six years. Dow Jones Industrials surged to a record high for the sixth time in seven sessions.
2007?2007May?20070504May 04May 4, 200720070504US payroll job growth slowest since 2004. The Dow Jones industrial average hit another record high making this the longest bull run in 80 years.
2007?2007May?20070531May 31May 31, 200720070531First quarter GDP increased at an annual rate of 0.6 percent. That’s down from its initial estimate of 1.3 percent growth.
2007?2007July?20070724July 24July 24, 200720070724Federal minimum wage increased to $5.85 from $5.15 per hour.
2007?2007July?20070726July 26July 26, 200720070726The Dow Jones industrial average dropped 311.50 points or 2.3 percent amid concerns about housing and credit markets.
2007?2007August?20070802August 02August 2, 200720070802Mattel says it is recalling 1.5 million Chinese-made toys worldwide marking the latest in a string of recalls that have fueled U.S.-China tensions over the safety of Chinese products.
2007?2007August?20070809August 09August 9, 200720070809The Dow Jones industrial average was down 387.18 points or 2.8 percent as worries about the global credit market sparked a broad sell-off in stocks.
2007?2007August?20070810August 10August 10, 200720070810The Federal Reserve injected $38 billion into the banking system in an effort to provide liquidity as needed to keep financial markets operating normally.
2007?2007August?20070817August 17August 17, 200720070817The Federal Reserve, reacting to concerns about the subprime lending crisis, cut its discount rate half a percentage point to 5.75 percent.
2007?2007August?20070823August 23August 23, 200720070823Bank of America invests $2 billion in Countrywide Financial Corporation, helping the nation’s largest mortgage lender shore up its finances as it struggles with a liquidity crunch.
2007?2007August?20070824August 24August 24, 200720070824California Governor Arnold Schwarzenegger signs the 2007-08 state budget bill.
2007?2007August?20070828August 28August 28, 200720070828The Dow Jones industrial average closed down 280.28 points or 2.1 percent as investors were hit by fresh worries over declining consumer confidence, falling home prices, shrinking profits on Wall Street and uncertainty about the Federal Reserve.
2007?2007August?20070830August 30August 30, 200720070830Second quarter GDP increased at an annual rate of 4 percent. That’s up from its initial estimate of 3.4 percent growth.
2007?2007September?20070910September 10September 10, 200720070910Blasts rip Mexico gas and oil pipelines.
2007?2007September?20070918September 18September 18, 200720070918Federal funds rate target reduced from 5.25 percent to 4.75 percent. Discount rate cut from 5.75 percent to 5.25 percent.
2007?2007September?20070927September 27September 27, 200720070927Second quarter GDP increased at an annual rate of 3.8 percent. That’s down from its preliminary estimate of 4 percent.
2007?2007October?20071021October 21 - 26October 21 - 26, 200720071021Southern California wildfires
2007?2007October?20071031October 31October 31, 200720071031Federal funds rate target reduced from 4.75 percent to 4.50 percent. Discount rate cut from 5.25 percent to 5 percent.
2007?2007November?20071101November 01November 1, 200720071101The Federal Reserve injects $41 billion in temporary reserves into the US money markets.
2007?2007November?20071105November 05November 5, 200720071105Members of the Writers Guild of America strike.
2007?2007November?20071112November 12November 12, 200720071112Citigroup, Bank of America, and JPMorganChase agree to a $75 billion superfund to restore confidence to credit markets.
2007?2007November?20071115November 15November 15, 200720071115US House of Representatives passes the Mortgage Reform and Anti-Predatory Lending Act of 2007.
2007?2007December?20071206December 06December 6, 200720071206President Bush announces a plan to voluntarily and temporarily freeze the mortgage rates of a limited number of mortgage debtors holding adjustable rate mortgages.
2007?2007December?20071211December 11December 11, 200720071211Federal funds rate target reduced from 4.50 percent to 4.25 percent. Discount rate cut from 5 percent to 4.75 percent.
2007?2007December?20071212December 12December 12, 200720071212The Federal Reserve injects $40B into the money supply and coordinates such efforts with central banks from Canada, United Kingdom, Switzerland and European Union.
2007?2007December?20071218December 18December 18, 200720071218The Federal Reserve approves measures to give mortgage holders more protection to prevent the current housing crisis from worsening further.
2007?2007December?20071220December 20December 20, 200720071220Third quarter GDP increased at an annual rate of 4.9 percent.
2007?2007December?20071221December 21December 21, 200720071221In California, sales of new and existing houses and condos were down 39 percent from a year ago in November. Sales have declined in the last 26 months on a year-over-year basis. The median price paid for a home was down 2.4 percent from the prior month and down 11.9 percent from a year ago. Financing with adjustable-rate mortgages and with multiple mortgages have dropped sharply. Foreclosure activity is at record levels.
2007?2007December?20071201December 01December 200720071201Banks, mortgage lenders, real estate investment trusts, and hedge funds continue to suffer significant losses as a result of mortgage payment defaults and mortgage asset devaluation.
2006?2006January?20060131January 31January 31, 200620060131Federal funds rate raised from 4.25 percent to 4.50 percent. Alan Greenspan steps down after more than 18 years as chairman of the Federal Reserve. Ben Bernanke was sworn in as the new chairman of the Federal Reserve.
2006?2006February?20060217February 17February 17, 200620060217A total of 38,300 new and resale houses and condos were sold in California last month. That's down 27.5 percent from December and down 9.5 percent from January 2005. Last month's sales count was the lowest since January 2002. The median price paid for a home last month was $452,000. That’s down 1.3 percent from December and up 13.0 percent from January 2005. Last month's year-over-year increase was the lowest since a 12.4 percent increase in March 2003 when the median reached $290,000. Prices increased at their fastest rate in June 2004 when the $382,000 median was up 23.2 percent from the same month a year before.
2006?2006February?20060228February 28February 28, 200620060228GDP increased at an annual rate of 1.6 percent in the fourth quarter of 2005, posting the smallest gain in three years.
2006?2006March?20060328March 28March 28, 200620060328Federal funds rate raised from 4.50 percent to 4.75 percent. This is the fifteenth consecutive increase since June 2004 and the first since Ben Bernanke took over as chairman of the Federal Reserve.
2006?2006May?20060510May 10May 10, 200620060510Federal funds rate raised from 4.75 percent to 5.00 percent.
2006?2006May?20060517May 17May 17, 200620060517Standard and Poor’s raised California’s bond rating to A+ from A. Moody’s upgraded California’s bond rating to A1 from A2.
2006?2006June?20060609June 09June 9, 200620060609Fitch upgraded California’s bond rating to A+ from A.
2006?2006June?20060629June 29June 29, 200620060629GDP increased at an annual rate of 5.6 percent in the first quarter of 2006. It was the strongest quarterly growth in 2 1/2 years. Federal funds rate raised from 5.00 percent to 5.25 percent.
2006?2006June?20060630June 30June 30, 200620060630California Governor Arnold Schwarzenegger signs the 2006-07 state budget bill.
2006?2006July?20060712July 12July 12, 200620060712Hezbollah attacks Israel.
2006?2006July?20060715Mid/Late - JulyMid/Late - July, 200620060715Heat wave sets records across the United States and caused scattered power outages.
2006?2006July?20060728July 28July 28, 200620060728GDP increased at an annual rate of 2.5 percent in the second quarter of 2006.
2006?2006August?20060807August 07August 7, 200620060807BP announces plan to shutdown Prudhoe Bay oil field.
2006?2006August?20060810August 10August 10, 200620060810U.K. foils plot to bomb U.S.-bound airliners.
2006?2006September?20060905September 05September 5, 200620060905Intel announced that it will lay off about 10 percent of its work force.
2006?2006September?20060912September 12September 12, 200620060912California minimum wage legislation signed. The $1.25 increase in the minimum wage will be phased in, with an increase of 75 cents on January 1, 2007 and an increase of 50 cents on January 1, 2008.
2006?2006October?20061019October 19October 19, 200620061019Dow Jones Industrials close above 12,000 for the first time.
2006?2006October?20061027October 27October 27, 200620061027GDP increased at an annual rate of 1.6% in the third quarter, down from 2.6% in the second quarter.
2006?2006November?20061107November 07November 7, 200620061107California Governor Arnold Schwarzenegger won a second term. Voters in six states approved ballot measures raising the minimum wage, joining 18 other states in setting a wage higher than the federal mark of $5.15 an hour.
2006?2006December?20061221December 21December 21, 200620061221GDP increased at an annual rate of 2.0 percent in the third quarter.
2005?2005January?20050122January 22 - 24January 22 - 24, 200520050122Blizzards blanketed large parts of the Northeast.
2005?2005January?20050130January 30January 30, 200520050130Iraq held its first free election in half a century.
2005?2005February?20050202February 02February 2, 200520050202Federal funds rate raised from 2.25 percent to 2.50 percent.
2005?2005March?20050322March 22March 22, 200520050322Federal funds rate raised from 2.50 to 2.75 percent.
2005?2005March?20050330March 30March 30, 200520050330GDP grew at an annual rate of 3.8 percent in the fourth quarter of 2004.
2005?2005April?20050428April 28April 28, 200520050428GDP increased at an annual rate of 3.1 percent in the first quarter of 2005.
2005?2005May?20050503May 03May 3, 200520050503Federal funds rate raised from 2.75 to 3.00 percent
2005?2005June?20050629June 29June 29, 200520050629GDP increased at an upwardly revised 3.8 percent in the first quarter of 2005.
2005?2005June?20050630June 30June 30, 200520050630Federal funds rate raised from 3.00 percent to 3.25 percent.
2005?2005November?20051101November 01November 1, 200520051101Federal funds rate raised from 3.75 percent to 4.00 percent.
2005?2005December?20051213December 13December 13, 200520051213Federal funds rate raised from 4.00 percent to 4.25 percent.
2005?2005December?20051215December 15December 15, 200520051215CPI posts biggest drop since 1949.
2004?2004February?20040210February 10February 10, 200420040210Unexpected cut in OPEC quota and cold weather contribute to higher oil prices.
2004?2004February?20040211February 11February 11, 200420040211Dow Jones Industrials closed at highest level in more than 2-1/2 years.
2004?2004March?20040325March 25March 25, 200420040325Fourth quarter GDP rose 4.1 percent.
2004?2004April?20040430April 30April 30, 200420040430International oil prices hit a 3-1/2 year high.
2004?2004May?20040527May 27May 27, 200420040527First quarter GDP grew at a 4.4 percent annual rate.
2004?2004June?20040630June 30June 30, 200420040630Federal funds rate increased by 25 basis points bringing the rate up to 1.25 percent. It is over four years since the Fed last tightened rates.
2004?2004August?20040809August 09August 9, 200420040809Fitch removes California from Rating Watch Negative.
2004?2004August?20040810August 10August 10, 200420040810Federal funds rate raised from 1.25 percent to 1.50 percent.
2004?2004August?20040824August 24August 24, 200420040824S&P raised California’s credit rating from “BBB” to “A”.
2004?2004August?20040827August 27August 27, 200420040827Second quarter GDP grew at a 2.8 percent annual rate.
2004?2004August?20040815Mid - AugustMid - August 200420040815Hurricane Charley hits Florida
2004?2004September?20040901September 01September 200420040901Three powerful hurricanes (Frances, Ivan, and Jeanne) hit Florida and some neighboring states.
2004?2004September?20040921September 21September 21, 200420040921Federal funds rate raised from 1.50 percent to 1.75 percent.
2004?2004October?20041029October 29October 29, 200420041029GDP grew at a 3.7 percent rate in the third quarter.
2004?2004November?20041110November 10November 10, 200420041110Federal funds rate raised from 1.75 percent to 2.00 percent.
2004?2004December?20041214December 14December 14, 200420041214Federal funds rate raised from 2.00 percent to 2.25 percent.
2004?2004December?20041222December 22December 22, 200420041222GDP grew at a 4.0 percent annual rate in the third quarter.
2004?2004December?20041226December 26December 26, 200420041226A magnitude 9.0 earthquake – the largest in 40 years—struck the northern Indonesian island of Sumatra, triggering a tsunami that killed tens of thousands of people in more than 11 countries.
2003?2003February?20030210February 10February 10, 200320030210Moody’s lowered California’s bond rating to A2 from A1.
2003?2003February?20030214February 14 - 17February 14 - 17, 200320030214Major snowstorm hit Middle Atlantic and Eastern states.
2003?2003February?20030226February 26February 26, 200320030226Doctors in Hong Kong report the first case of a flu-type virus “Atypical Pneumonia,” now more commonly known as Severe Acute Respiratory Syndrome(SARS).
2003?2003March?20030320March 20March 20, 200320030320Operation Iraqi Freedom begins.
2003?2003April?20030409April 09April 9, 200320030409Baghdad falls and Iraqis and American troops topple stature of Saddam Hussein.
2003?2003April?20030414April 14April 14, 200320030414President Bush declares conclusion of major combat operations in Iraq.
2003?2003June?20030625June 25June 25, 200320030625Federal funds rate reduced from 1.25 percent to 1 percent, the lowest rate in 45 years.
2003?2003June?20030626June 26June 26, 200320030626GDP up 1.4 percent in Q1.
2003?2003July?20030717July 17July 17, 200320030717The US recession ended in November 2001, according to NBER.
2003?2003July?20030724July 24July 24, 200320030724S&P lowered California's bond rating from "A" to "BBB".
2003?2003July?20030725July 25July 25, 200320030725United States Treasury begins mailing $400 per child tax rebate checks.
2003?2003August?20030802August 02August 2, 200320030802Governor Gray Davis signs the 2003-04 state budget bill.
2003?2003August?20030804August 04August 4, 200320030804Moody's lowered California's bond rating from A2 to A3.
2003?2003August?20030828August 28August 28, 200320030828GDP grew at a revised 3.1 percent annual rate in the 2nd quarter.
2003?2003September?20030903September 03September 3, 200320030903Light vehicle sales in the U.S. reach 19.0 million in August, the second best monthly rate ever.
2003?2003October?20031021October 21October 21, 200320031021Wildfires breakout in Southern California, eventually burning 743,000 acres and destroying over 3,500 homes.
2003?2003October?20031030October 30October 30, 200320031030GDP grew by 7.2 percent, its fastest rate since 1984.
2003?2003December?20031204December 04December 4, 200320031204President Bush ends steel tariffs.
2003?2003December?20031212December 12December 12, 200320031212Dow Jones Industrial average closed above 10,000 for the first time since May 24, 2002.
2003?2003December?20031213December 13December 13, 200320031213Saddam Hussein captured by American troops.
2003?2003December?20031223December 23December 23, 200320031223Final report shows GDP grew by 8.2 percent in the third quarter, its fastest rate since 1984.
2003?2003December?20031224December 24December 24, 200320031224U.S. confirms first case of "mad cow" disease.
2002?2002January?20020101January 01January 1, 200220020101Taiwan becomes WTO member. OPEC to cut oil production by 6.5 percent. Euro becomes legal tender in 12 European countries.
2002?2002January?20020106January 06January 6, 200220020106Unemployment insurance benefits increased in California.
2002?2002February?20020228February 28February 28, 200220020228GDP up 1.4 percent in Q4.
2002?2002March?20020309March 09March 9, 200220020309California’s "Job Creation and Worker Assistance Act of 2002" was signed into law that provides for temporary extended unemployment compensation.
2002?2002March?20020328March 28March 28, 200220020328GDP up 1.7 percent in Q4.
2002?2002April?20020425April 25April 25, 200220020425Security and Exchange Commission launched a formal investigation of Wall Street analysts' conflicts of interest.
2002?2002May?20020513May 13May 13, 200220020513President Bush signed a 10-year, $190 billion farm bill that promises to expand subsidies to growers.
2002?2002June?20020627June 27June 27, 200220020627GDP up 6.1 percent in Q1.
2002?2002July?20020705July 05July 5, 200220020705Foreign direct investment flows to developed countries declined by 56% in 2001, with the United States seeing the largest falloff to its lowest level since 1997.
2002?2002July?20020708July 08July 8, 200220020708Intel launches its Itanium 2 chip.
2002?2002July?20020710July 10July 10, 200220020710President Bush called for stiffer penalties to eradicate corporate fraud.
2002?2002July?20020715July 15July 15, 200220020715Pfizer to buy Pharmacia.
2002?2002July?20020716July 16July 16, 200220020716The dollar sank against the euro for the first time in more than two years. Intel to eliminate 4,000 jobs.
2002?2002July?20020721July 21July 21, 200220020721WorldCom filed for bankruptcy protection.
2002?2002July?20020722July 22July 22, 200220020722The Dow Jones industrial average sank to its lowest level in nearly four years. Both the Nasdaq and S&P 500 are at their lowest levels since the first half of 1997.
2002?2002July?20020730July 30July 30, 200220020730President Bush signed into law the Public Company Accounting Reform and Investor Protection Act.
2002?2002July?20020731July 31July 31, 200220020731GDP growth slowed to 1.1 percent in Q2 from revised 5.0 percent in Q1. Last year's data was also revised indicating that the economy shrank in each of the first three quarters. Venture capital investments hit four-year low.
2002?2002August?20020808August 08August 8, 200220020808IMF signed an emergency loan to Brazil.
2002?2002August?20020811August 11August 11, 200220020811U.S. Airways filed for bankruptcy.
2002?2002August?20020820August 20August 20, 200220020820The U.S. trade deficit narrowed in June, following two straight record monthly deficits.
2002?2002September?20020927September 27 - October 9September 27 - October 9, 200220020927Cargo operations at 29 West Coast ports ground to a halt when terminal operators locked out unionized workers
2002?2002November?20021106November 06November 6, 200220021106Federal funds rate reduced from 1.75 percent to 1.25 percent. Discount rate reduced from 1.25 percent to 0.75 percent.
2002?2002December?20021209December 09December 9, 200220021209United Airlines filed for bankruptcy protection.
2002?2002December?20021219December 19December 19, 200220021219Standard & Poor’s lowered California’s bond rating to an A from an A+.
2001?2001January?20010101January 01January 1, 200120010101California’s minimum wage raised from $5.75 to $6.25
2001?2001January?20010101January 01January 1, 200120010101The California state rate portion of the total 7.25% sales tax rate was reduced by .25%, to a total tax rate of 7.00%.
2001?2001January?20010103January 03January 3, 200120010103Federal Reserve makes surprise rate cut. Federal funds rate reduced to 6.0 percent from 6.5 percent. Discount rate reduced to 5.5 percent from 6.0 percent. Nasdaq jumped a record 14.17 percent.
2001?2001January?20010117January 17January 17, 200120010117OPEC to cut oil production by 1.5 million barrels a day, or 5.6 percent of current output.
2001?2001January?20010131January 31January 31, 200120010131Federal funds rate reduced from 6.0 percent to 5.5 percent. Discount rate reduced from 5.5 percent to 5.0 percent.
2001?2001March?20010319March 19March 19, 200120010319OPEC to cut oil production by 1 million barrels a day.
2001?2001March?20010319March 19 - 20March 19 - 20, 200120010319California suffered rolling blackouts.
2001?2001March?20010320March 20March 20, 200120010320Federal funds rate reduced from 5.5 percent to 5.0 percent. Discount rate reduced from 5.0 percent to 4.5 percent.
2001?2001March?20010327March 27March 27, 200120010327California regulators approved retail electric rate increase.
2001?2001March?20010329March 29March 29, 200120010329GDP grew at an annual rate of 1 percent in the fourth quarter, the lowest in more than 5 years.
2001?2001April?20010406April 06April 6, 200120010406PG&E utility unit files for bankruptcy.
2001?2001April?20010418April 18April 18, 200120010418Federal funds rate reduced from 5.0 percent to 4.5 percent. Discount rate reduced from 4.5 percent to 4.0 percent.
2001?2001April?20010423April 23April 23, 200120010423A Tosco refinery explosion pushed gasoline prices to near record highs.
2001?2001April?20010424April 24April 24, 200120010424Standard & Poors lowered California’s bond rating from AA to A+
2001?2001April?20010427April 27April 27, 200120010427GDP grew at an annual rate of 2 percent in the first quarter.
2001?2001May?20010507May 7 - 8May 7 - 8, 200120010507California hit by rolling blackouts.
2001?2001May?20010515May 15May 15, 200120010515Federal funds rate reduced from 4.5 percent to 4.0 percent. Discount rate reduced from 4.0 percent to 3.5 percent.
2001?2001June?20010607June 07June 7, 200120010607Federal tax cut was signed into law.
2001?2001June?20010618June 18June 18, 200120010618The Federal Energy Regulatory Commission adopted a price "mitigation" plan designed to reduce spikes in wholesale electricity prices in California and other Western states
2001?2001June?20010627June 27June 27, 200120010627Federal funds rate reduced from 4.00 percent to 3.75 percent. Discount rate reduced from 3.50 percent to 3.25 percent.
2001?2001June?20010629June 29June 29, 200120010629First quarter GDP growth rate revised to 1.2 percent.
2001?2001August?20010821August 21August 21, 200120010821Federal funds rate reduced from 3.75 percent to 3.50 percent. Discount rate reduced from 3.25 percent to 3.00 percent.
2001?2001August?20010829August 29August 29, 200120010829Second quarter GDP grew at a 0.2 percent annual rate.
2001?2001September?20010911September 11September 11, 200120010911Terrorists attack World Trade Center and the Pentagon.
2001?2001September?20010911September 11 - 14September 11 - 14, 200120010911U.S. stock trading halts.
2001?2001September?20010917September 17September 17, 200120010917Federal funds rate reduced from 3.50 percent to 3.00 percent. Discount rate reduced from 3.00 percent to 2.50 percent. Dow Jones industrials record biggest point drop in history, falling 684.41.
2001?2001October?20011002October 02October 2, 200120011002Federal funds rate reduced from 3.00 percent to 2.50 percent. Discount rate reduced from 2.50 percent to 2.00 percent.
2001?2001October?20011026October 26October 26, 200120011026Lockheed Martin Corporation awarded defense contract.
2001?2001November?20011106November 06November 6, 200120011106Federal funds rate reduced from 2.50 percent to 2.00 percent. Discount rate reduced from 2.00 percent to 1.50 percent
2001?2001November?20011126November 26November 26, 200120011126Recession in the US began in March 2001, according to NBER.
2001?2001December?20011202December 02December 2, 200120011202Enron filed for bankruptcy.
2001?2001December?20011211December 11December 11, 200120011211Federal funds rate reduced from 2.00 percent to 1.75 percent. Discount rate reduced from 1.50 percent to 1.25 percent. China becomes WTO member
2001?2001December?20011221December 21December 21, 200120011221GDP down 1.3 percent in Q3.
2001?2001December?20011231December 31December 31, 200120011231Markets fall for a second straight year for the first time since 1974.
2000?2000January?20000114January 14January 14, 200020000114Dow Jones industrials hit record high of 11,722.98.
2000?2000January?20000127January 27January 27, 200020000127Fourth quarter GDP grew at an annual rate of 5.8 percent.
2000?2000February?20000202February 02February 2, 200020000202Federal funds rate raised from 5.50 percent to 5.75 percent. Discount rate raised from 5.00 percent to 5.25 percent.
2000?2000February?20000204February 04February 4, 200020000204The nation’s jobless rate at 4 percent is lowest in 3 decades.
2000?2000February?20000207February 07February 7, 200020000207Pfizer Inc. and Warner-Lambert Co complete merger deal.
2000?2000March?20000310March 10March 10, 200020000310Nasdaq hits record high of 5,048.62.
2000?2000March?20000316March 16March 16, 200020000316Dow Jones industrials rose 499.19 points, biggest point gain on record.
2000?2000March?20000320March 20March 20, 200020000320Boeing Co. engineers and technical workers returned to wo