New Address: Two Embarcadero Center, 8th floor, San Francisco, CA 94111     

California 2019 Small Biz Profile

2019 Small Business Profile: California

The U.S. Small Business Administration Office of Advocacy

First published April 2019

Overall California Economy

• In the third quarter of 2018, California grew at an annual rate of 3.5%, which was faster than the overall US growth rate of 3.4%. California’s 2017 growth rate of 3.0% was down from the 2016 rate of 3.1%. (Source: BEA)

• In February 2019, the unemployment rate was 4.2%, down from 4.3% in February 2018. This was above the February 2019 national unemployment rate of 3.8%. (Source: CPS)

Download Resource