06/26/2022

News

Southern California bosses hire faster than the rest of the state but hand out smaller raises

Southern California job growth outpaced the rest of the state as 2017 ended, while local wages grew slower than others in California. This comes from a quarterly job study by federal employment trackers based on detailed worker-by-worker data filed by employers. It’s typically a better snapshot of hiring and wage trends than monthly estimates released […]

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New Tax Laws Have Home Buyers Checking New Places

New tax rules that cap deductions of state and local taxes are having a disproportionate effect on taxpayers who live in states with high income taxes and property taxes. While it’s too early to quantify the impact of the Tax Cuts and Jobs Act, which became effective on Jan. 1, some real-estate professionals say they […]

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Nearly half of Bay Area residents want out, poll shows. The reason why is no surprise

“A poll released Sunday by a local advocacy group showed that 46 percent of Bay Area residents surveyed said they want to move out of the area within the next few years. That number is up from 34 percent in 2016 and 40 percent last year in the same poll. The survey was a joint […]

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People are fleeing Silicon Valley for Nevada, Texas and Idaho, report finds

The heart of the nation’s tech sector, the astronomically expensive Santa Clara County, leads the state in residents looking to move out of town, a new report found. Using property searches and census data, analysts at realtor.com found that a larger share of residents are leaving Santa Clara County — home to tech behemoths Google […]

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Texas Laps California In Job And Population Growth

California, with 39.5 million people, is some 40 percent more populous than Texas, at 28.3 million. Yet, in spite of California’s large advantage in residents, the Golden State generated 356,800 new nonfarm jobs in the past 12 months through April, a rate of 2.1 percent, compared to 332,300 jobs in Texas, clocking in at 2.7 […]

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California birth rate falls again to record low

California’s birth rate fell to its lowest level in at least 100 years during 2017, even dipping below rates seen in the Great Depression, according to new figures from the U.S. Centers for Disease Control and Prevention. About 471,500 California babies were born in 2017, down by 17,000, or 3 percent, from 2016, according to […]

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California sees slowing population growth

However, as the latest data again confirm, the state’s rate of population growth has been declining. During the 1980s, thanks to high immigration and birth rates, California was expanding by 2-plus percent a year, adding 6 million residents in just 10 years. However, immigration, legal and illegal, is now a fraction of what it once […]

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California Employment By Income

•Compared to 10 years ago, average annual pay for low-wage earners in California — people making under $27,000 on average — has increased by only 17 percent. Middle-income earners — those making an average of $55,000 — have seen wages rise 29 percent. High-wage earners — those making an average of $83,000 — have seen […]

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California Migration

•From 2006 to 2016, 1,090,600 more people moved out of California to other states than moved from other states to California. •Migration and income trends vary by region. The Bay Area, which had the highest percentage gains in high-wage jobs, has experienced overall net migration growth since 2014. By contrast, Los Angeles and the Inland […]

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Current State of the California Housing Market

Over the decade ending in 2016, more people moved out of California than moved in, and the state still has the highest housing costs in the nation. Job growth is up across low-, mid- and high-income earners, but while wages have increased across all categories, low-income earners haven’t seen their paychecks increase at a comparable […]

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The Changing Profile of Unmarried Parents

One-in-four parents living with a child in the United States today are unmarried. Driven by declines in marriage overall, as well as increases in births outside of marriage, this marks a dramatic change from a half-century ago, when fewer than one-in-ten parents living with their children were unmarried (7%). At the same time, the profile […]

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Declining U.S. Labor Force Participation Rates Stand Out

Male and female prime-age labor force participation rates have declined in the U.S. at a faster rate than in most developed countries over the past 20 years, even among people with a college degree. Stark differences in health outcomes, incarceration rates, and labor market, maternity and child-care policies provide potential explanations for the disproportionate participation-rate […]

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California’s poor students rank next to last on national test

California’s poor students performed worse on a national exam than needy kids from all but one other state, according to results released this week by the National Center for Education Statistics. Congratulations, folks. We beat Alaska. These students’ lackluster scores on the most recent National Assessment of Educational Progress come despite the state’s $31.2 billion […]

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Government Spending: It’s Children vs. Grandparents

To those paying attention, the recent strikes for higher teachers’ pay in West Virginia and Oklahoma are a harbinger of things to come. You can attribute the strikes to the stinginess of the states’ political leaders. After all, average annual teachers’ salaries in these states ranked respectively 49th lowest (Oklahoma at $45,276) and 48th lowest […]

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A look at the black diaspora of the Bay Area

A recent survey shows that while buying a home in the San Francisco Bay Area these days is an uphill climb for almost everybody, it’s a nearly impossible dream for the region’s Hispanic and African-America residents. The Zillow study showed that black home buyers could afford only one in ten homes in the San Jose […]

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