. . ."The state’s reliance on public sector growth to offset private sector losses suggests that California’s economy is heading for a serious crash.
"Governor Gavin Newsom’s recent celebration of California’s job growth paints an incomplete picture of the state’s economic reality.
"A new report from the nonpartisan Legislative Analyst’s Office (LAO) reveals a concerning trend: while overall employment has increased, the private sector is shrinking.
"Since September 2022, California has added 207,000 jobs.
"However, this headline figure obscures a critical shift.
"The private sector lost 154,000 jobs during this period, while public and public-supported sectors grew by 361,000 positions.
"In essence, government-related hiring is propping up the state’s employment numbers.
"Newsom highlighted California’s role in national job creation, stating, “16% of all national job creation last month came right here in California.”
"While factually correct, this statement fails to address the underlying imbalance between public and private sector growth." . . .
In 2022 Gavin Newsom stated CA has a surplus of $100 billion dollars. “$100B SURPLUS”
In 2024, California is facing a record budget deficit of $68 billion. “$68B DEFICIT”
Democrats have done to CA what they’ve done to America. This is intentional.
NEVER NEWSOM in the WH! pic.twitter.com/hb5KC1SePv
— Sheri™ (@FFT1776) June 30, 2024
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