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.
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.
Fact Sheet The Working Poor in California By Sarah Bohn, Caroline Danielson, Sara Kimberlin, Patricia Malagon Oct 18, 2023 Most poor families in California are working. Poverty rates among working adults are highest in southern, coastal California.
Fact Sheet Poverty in California By Sarah Bohn, Caroline Danielson, Sara Kimberlin, Patricia Malagon Oct 18, 2023 With the end of many pandemic relief programs, poverty rates—especially for children—have gone up in the last two years.
blog post Wage Growth Is Struggling to Keep Up with Inflation By Jenny Duan, Daniel Payares-Montoya Sep 19, 2023 Average hourly wages for private-sector workers have increased 15% since just prior to the COVID-19 pandemic. But in many parts of the economy, wages are not rising fast enough to keep up with inflation.
blog post Regional Trends in Unemployment By Sarah Bohn, Jenny Duan Sep 6, 2023 While California’s unemployment rate has ticked up over the past year, in some regions unemployment is lower than it was before the pandemic.
