SACRAMENTO – In this Democratic weekly radio address, Assemblymember Jose Medina (D-Riverside), Chair of the Assembly Jobs, Economic Development and Economy Committee, discusses improving California’s economic climate. According to a recent Economic Development Department report, California has the longest monthly job growth streak in the nation, with the state adding jobs 25 months in a row. Assemblymember Medina credits the improving conditions to the Assembly Democrats’ commitment to fiscal responsibility while investing in programs that encourage prosperity. He says that if the state continues on this path, California will continue to see job growth.
This week's address is 2:03
“Hi, I’m Assemblymember Jose Medina, chair of the Assembly Jobs, Economic Development, and the Economy Committee.
This week California got some positive economic news in a new report from the state’s Economic Development Department.
According to the EDD, California employers have added jobs for 25 months in a row, the longest job creation streak in the nation, with a total gain of more than 807-thousand since February 2010.
Because of our rebounding housing market and the easing of budget constraints on state and local governments, the EDD predicts this job growth will continue.
That’s one more sign that after several tough years of weathering the Great Recession, Assembly Democrats are committed to maintaining fiscal responsibility, working to increase prosperity, and investing in California’s future.
The results of our efforts are clear.
We have passed a balanced and on-time budget for the past three years, with surpluses in sight.
Unemployment in California was 8.7% in July. One year earlier, it was 10.6%.
Two credit agencies have raised the state’s credit rating, saving the state half a billion dollars in debt financing payments.
Our economy has moved up once again to be ranked eighth globally, according to the Center for the Continuing Study of the California Economy.
Our economy is growing faster than 44 other states, and our revenues have rebounded better than all but one.
California is on the right track, but our job isn’t over yet.
An even better economy is on the horizon if we continue maintaining fiscal responsibility, working to increase prosperity, and investing in California’s future to ensure every Californian has an opportunity to succeed and contribute to our recovery.
This is Assemblymember Jose Medina, thank you for listening.”
Website of Assemblymember Jose Medina: www.asmdc.org/Medina