Over 100K Californians have now moved to Texas in just a year according to the latest data from the U.S. Census Bureau.
The report shows that approximately 102,000 California residents moved to Texas in 2022.
Overall, more than 343,000 people left California last year for other states.
Of those leaving California, 74,000 also moved to Arizona, 50,000 to Florida, and 48,000 to Nevada.
California currently holds the record for the highest number of state departures in the entire country.
Experts have weighed in stating that Californians are moving out of the state primarily due to the increasingly high costs of living.
“We are losing younger folks, and I think we will see people continuing to migrate where housing costs are lower.
There are good jobs in California, but housing is incredibly expensive. It hurts young families, and it hurts immigrant families.” Manuel Pastor, a professor of sociology and American Studies & Ethnicity at USC.
2023’s data per the U.S. Census Bureau won’t be available until next year.
“The second-largest state-to-state movement in the U.S., from New York to Florida was around 92,000 movers, according to the migration figures from the U.S. Census Bureau,” reports Fortune.
“Overall, more people living in one U.S. state moved to a different state last year in the second year of the COVID-19 pandemic than they did in the previous year, though international migration was the primary driver of growth last year.
In 2022, more than 8.2 million U.S. residents lived in a different state than they had in the previous year, compared to 7.8 million U.S. residents in 2021.”
A recent poll showed four in ten Californians are considering moving out of state, with the majority saying it’s too expensive to live there.
Other Economy News Today
A new wave of massive layoffs hits Georgia as more businesses file WARN acts advising of upcoming job cuts in the state.
Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.
“The list of layoffs continues to grow in Georgia, with another business advising of impending layoffs,” report Ash Jurberg.
“Summit Hill Foods has advised that they are selling a plant, which will close down on December 31.
The plant is located at 100 East First Avenue in Rome, and all 80 employees will lose their jobs once the plant closes.“
California still remains the #1 state with the most layoffs in the country.
In 2023, approximately 7,507 employees have been laid of in Georgia with 50 businesses filing WARN notices.
The following 3 businesses recently filed a WARN act with the Georgia Department of Labor advising of upcoming job cuts:
- Excalibur Homes, 120 jobs cut in Alpharetta.
- Packers Sanitation. 47 jobs cut in Pendergrass.
- First Savings Bank. 3 jobs cut in Georgia.
Below is the full list of expected layoffs in Georgia to take place before year’s end.
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