Fact Sheet Income Inequality in California By Tess Thorman, Daniel Payares-Montoya Apr 17, 2024 California’s income gap narrowed in 2022, but the disparity between high and low incomes is wider in California than in most other states. Over the longer term, income inequality has been driven by earnings growth among college-educated workers.
blog post Revised Estimates Show Weaker 2023 Job Trends in California—but There Are Signs of Strength By Marisol Cuellar Mejia, Julien Lafortune, Sarah Bohn Mar 15, 2024 Revised data show that California experienced weaker job growth in 2023 than originally estimated. However, January’s job report shows signs of an improving labor market, especially in sectors such as tech and administrative services that had struggled last year.
Report Labor Force Participation in California By Julien Lafortune, Sarah Bohn, Marisol Cuellar Mejia, Jenny Duan ... Feb 14, 2024 California’s labor force participation is shrinking, mainly because of an aging population. But significant gaps across demographic groups are also a concern. How can California remove barriers to work, boost participation, and build a strong workforce for years to come?
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 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.
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.
