California business growth slips, ranked 35th, by one government yardstick

[McFurd]

OC Register - 11/24/2017 - Jonathan Lansner - More evidence of a cooling California economy: The state has slipped down the rankings of overall business growth. The latest federal government report on state-by-state gross domestic product — the broadest measure of business output — shows California’s economy growing at a 2.1 percent annual pace in the second quarter. Yes, that’s still growth. Plus, it’s up from a very slow 0.6 percent in the previous quarter. But don’t forget that it’s also down from 3.7 percent a year ago. Here are seven trends to ponder about the state’s economic chill: Read more @ http://www.ocregister.com/2017/11/24/ca ... yardstick/