page Economic Growth Jan 25, 2024 Envisioning California’s economic future and elevating pragmatic policies to support business and job growth.
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.
Fact Sheet Immigrants in California By Marisol Cuellar Mejia, Cesar Alesi Perez, Hans Johnson Jan 19, 2024 California is home to more than 10 million immigrants—almost a quarter of the foreign-born population nationwide. Almost half of California’s immigrants are from Latin America, but a majority of recent arrivals come from Asia.
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.
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.