Governor Newsom celebrates “Coolest Thing Made in California” awardees
Since Governor Newsom took office, California’s economy has grown by more than $1.58 trillion. The Golden State represents only 11.5% of the U.S. population but accounts for nearly 14% of U.S. GDP — 47% larger than Texas. According to a Bloomberg analysis, California continues to lead the nation economically, outpacing all states and every developed nation.
💵 Under Governor Newsom, the Golden State leads the nation in 17 of 20 major economic sectors, including manufacturing, agriculture, construction, and health care. California’s manufacturing sector alone generated $391 billion in economic output in 2025 — 18% more than Texas.
⬆️ According to federal data, California outpaced the next three largest state economies in 2025, growing 3.5% after inflation, compared with 2.8% in Texas and Florida and 2.5% in New York.
🏢 California is home to more than 4.3 million small businesses, representing 99.8% of all businesses in the state and employing 7.6 million people.
💪 California is creating more jobs. More than one in four American jobs added over the past year were in California. The state added 129,300 of the nation’s 496,000 net payroll jobs from September 2025 through September 2026—about 26%. California accounted for 14.6% of America’s net payroll job growth through September, adding 89,100 jobs during the first nine months of 2026.
🧑💻 California’s payroll job growth rate was more than twice the national rate over the past year and more than twice the state’s share of new U.S. jobs relative to its population from September 2025 to September 2026.
💼 Unemployment fell by 106,500 Californians over ten consecutive months through September. The unemployment rate held steady at 5.1%, matching its lowest level since February 2024.
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