2020 Small Business Profile: California
The U.S. Small Business Administration Office of Advocacy
First published May 2020
In the fourth quarter of 2019, California grew at an annual rate of 2.2%, which was faster than the overall US growth rate of 2.1%. California’s 2019 overall growth rate of 2.6% was down from the 2018 rate of 4.3%. (Source: BEA)
In April 2020, the unemployment rate was 15.5%, up from 4.2% in April 2019. This was above the April 2020 national unemployment rate of 14.7%. (Source: CPS)
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