Report Priorities for California’s Economy By Sarah Bohn, Vicki Hsieh, Marisol Cuellar Mejia, Jenny Duan ... Jan 31, 2024 Though California faces considerable economic uncertainty, it also has tremendous potential to overcome the obstacles ahead. Practical policy solutions to promote a robust, resilient economy should build on the skills, diversity, and innovation of Californians.
blog post Reconciling Signs of a Strong Economy with California’s Budgetary Woes By Julien Lafortune, Jenny Duan, Sarah Bohn Jan 24, 2024 Even as the state faces a sizeable budget deficit, job growth and low unemployment suggest a resilient state economy. Still, two areas of concern in the labor market data are worth monitoring.
Explainer Making Sense of California’s Economy By Sarah Bohn, Marisol Cuellar Mejia, Julien Lafortune, Vicki Hsieh Jan 16, 2024 We take a look at where California's economy has been, where it might be headed, and how we can better insulate Californians against future upheavals.
blog post What’s in Store for California’s Economy? By Sarah Bohn Jan 10, 2024 California starts the year with low unemployment, rising wages, and falling inflation—but also with residents expressing pessimism about the state's economic outlook. We look at what's ahead for the California economy.
blog post 2023 Year in Review By Tani Cantil-Sakauye Dec 14, 2023 President and CEO Tani Cantil-Sakauye reflects on how PPIC has contributed to the policy conversation this past year and highlights the importance of nonpartisan, actionable research in addressing key challenges facing our state.
Report Policies for Creating and Keeping Jobs in California By David Neumark, Emma Wohl Dec 13, 2023 State efforts to spur job creation include 21 programs ranging from tax credits to worker training. Three policies offer strong evidence indicating they create jobs or increase employment in California. New programs—and programs with weak evidence—need to have built-in features that allow deeper evaluation.
Report A Hiring Incentive that Works: The California Competes Tax Credit By David Neumark, Matthew Freedman, Benjamin Hyman, Shantanu Khanna Dec 13, 2023 Established in 2013, the California Competes Tax Credit (CCTC) boosts firm employment and payroll growth within California by as much as 30 percent within three years. This growth benefits a wide range of workers and is greater in parts of the state with higher levels of poverty and unemployment.
Policy Brief Policy Brief: Policies for Creating and Keeping Jobs in California By David Neumark, Emma Wohl, Stephanie Barton Dec 13, 2023 California offers 21 programs intended to add jobs or grow employment. Which policies work and how well? Three programs show strong evidence for creating jobs or increasing employment; others show mixed evidence or are too new to be evaluated. The state should consider expanding effective programs and build features to better evaluate the others.
Statewide Survey PPIC Statewide Survey: Californians and Their Economic Well-Being By Mark Baldassare, Dean Bonner, Lauren Mora, Deja Thomas Nov 8, 2023 Key findings include: A record-high 71 percent of Californians believe that children growing up in the state today will be worse off financially than their parents. Three in ten workers fear losing their jobs to new technology like artificial intelligence. A majority say that California will have bad economic times in the next 12 months; about half approve of how Governor Newsom is handling jobs and the economy.
blog post Soft Landing? What the Latest Data Says about California’s Economy By Jenny Duan, Sarah Bohn Oct 30, 2023 New jobs data suggests that taming inflation has not hurt the state's labor market much. While unemployment in California has increased slowly since a low in August 2022, the state's labor market still shows many markers of strength.
