The story of California’s economic expansion

Our state officially ties the longest economic expansion on record – 113 months of job growth. While that is something we should be proud of, the story behind that number is more complex. Our fundamental objective, from an economic standpoint, is to ensure that the California economy works for everyone. Right now, the prosperity isn’t shared by all Californians.

The last time California saw 113 months of economic expansion was in the late 1960s and I was growing up in Turlock. Back then, if you were in the Central Valley you had the same economic prospects looking forward whether you grew up in Turlock or Menlo Park. Not so today. It’s been a dramatic diversion in the state in terms of the quality of economic opportunity.

But when confronted by a challenge, California leads the way.

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