{"id":112415,"date":"2025-12-29T15:45:06","date_gmt":"2025-12-29T15:45:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/112415\/"},"modified":"2025-12-29T15:45:06","modified_gmt":"2025-12-29T15:45:06","slug":"trump-drives-uncertain-economy-long-beach-post-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/112415\/","title":{"rendered":"Trump drives uncertain economy \u2022 Long Beach Post News"},"content":{"rendered":"

This story was originally published by\u00a0CalMatters<\/a>.\u00a0Sign up<\/a>\u00a0for their newsletters.<\/p>\n

California is ending the year in much the same way it started: uncertain about what impact President Donald Trump\u2019s policies and actions will have on its economy.\u00a0<\/p>\n

Immigration raids and the threat of them negatively affected the state\u2019s residents, communities and labor markets in different industries. Farmworkers and farmers are\u00a0anxious about the future<\/a>. Citizens and noncitizens of Los Angeles and surrounding areas lost work after the raids, according to\u00a0one study<\/a>.\u00a0<\/p>\n

California, home to some of the nation\u2019s busiest\u00a0ports<\/a>, had to deal with ever-changing tariffs. The\u00a0agricultural<\/a>\u00a0and\u00a0wine industries<\/a>\u00a0worried about higher costs and their ability to maintain relationships with their export partners, who received not just tariff threats but other presidential rhetoric. For example, Trump\u2019s talk of annexing Canada angered some Canadians and affected\u00a0tourism<\/a>\u00a0into the state and the rest of the nation.\u00a0<\/p>\n

The tech industry dealt with\u00a0a mishmash of policies<\/a>\u00a0that included Nvidia agreeing to revenue-sharing with the federal government; the U.S. taking a stake in Intel; and new fees on H-1B visas. Still, the hype around artificial intelligence has been mostly a boon for the industry, especially Big Tech, which helped\u00a0drive tax revenue to state coffers<\/a>.<\/p>\n

Property insurance has also had a big effect on California\u2019s economy. For years, insurers have shied away from writing policies in the state, citing increased wildfire risk. Insurance Commissioner Ricardo Lara this year\u00a0implemented new regulations<\/a>\u00a0meant to encourage companies to resume writing policies, but the Los Angeles County fires in January complicated the issue. Now fire survivors complain that insurers are trying to raise rates while delaying or denying claims, and have\u00a0called for Lara to resign<\/a>.\u00a0<\/p>\n

2026 outlook<\/p>\n

Higher spending, partly because of federal funding cuts, means a nearly $18 billion\u00a0budget deficit<\/a>\u00a0next year, the Legislative Analyst\u2019s Office predicts. That could include trying to fill gaps in spending on\u00a0health care<\/a>,\u00a0education<\/a>,\u00a0homeless housing<\/a>\u00a0and more.\u00a0
The state\u2019s unemployment rate hovered above 5% and was among the highest in the nation for most of 2025. U.S. labor market forecasts for next year are mostly gloomy, with economists from jobs website Indeed predicting a possible continuation of what they called a \u201cfrozen\u201d labor market. Likewise, Wells Fargo economists said in late November that \u201ca stalled job market\u201d was a factor in slipping consumer confidence. In tech and other industries, the double-edged sword that is the AI boom could continue to be a factor in\u00a0layoffs<\/a>. On the immigration front, continued raids could have the greatest impact on the nearly 3.3 million Latino immigrants who make up 16% of the state\u2019s labor force, according to the UCLA Latino Politics & Policy Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"This story was originally published by\u00a0CalMatters.\u00a0Sign up\u00a0for their newsletters. California is ending the year in much the same…\n","protected":false},"author":2,"featured_media":112416,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[131,133,132],"class_list":["post-112415","post","type-post","status-publish","format-standard","has-post-thumbnail","category-long-beach","tag-long-beach","tag-long-beach-headlines","tag-long-beach-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/112415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=112415"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/112415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/112416"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=112415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=112415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=112415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}