California State Assembly
Assembly Committee on Jobs, Economic Development, and the Economy
V. Manuel Pérez, Chair
First published September 2012
California’s economy is one of the ninth largest in the world with a 2011 gross state product (GDP) of $1.95 trillion. In August 2012, the California unemployment rate decreased to 10.6%. The figure represented a 12,000 job increase over the prior month, leaving 1.9 million unemployed workers. The national unemployment rate decreased to 8.1% over the same period.