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Latest
US Banks Now Receive Subpoenas Following a Massive Margin Call
Bank of America Branch Closures Now Surge Before Year Ends
JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Home/Banking News/100K Californians Have Now Moved To Texas in A Year
Market News Today - 100K Californians Have Now Moved To Texas in A Year

100K Californians Have Now Moved To Texas in A Year

By Frank Nez
October 27, 2023
3

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.

Also Read: Florida Now Has Massive Departures As Hundreds of Thousands Leave

Other Economy News Today

Market News Today - 100K Californians Have Now Moved To Texas in A Year.
Market News Today – 100K Californians Have Now Moved To Texas in A Year.

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 second place is Colorado, followed by Illinois, Texas, Washington, New York, New Jersey, Florida, Michigan, Massachusetts, and then Georgia.

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.

Read the full list here.

Also Read: Massive Layoffs in Tennessee Now Grow Just Before The Holidays

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Market News Today - 100K Californians Have Now Moved To Texas in A Year.
Market News Today – 100K Californians Have Now Moved To Texas in A Year.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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Other Articles
Market News Today - A Massive California Retailer Is Now Liquidating
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A Massive California Retailer Is Now Liquidating

Market News Today - Massive Business in Florida Now Shuts Down Prior to Holidays
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Massive Business in Florida Now Shuts Down Prior to Holidays

3 Comments
  1. Gunther says:
    October 28, 2023 at 12:26 am

    Yeah and are they going to complain or overthrow the government of Texas if that state becomes a fascist one? The same with Florida.

    Blame the real estate industry along with the hedge fund companies and people from other countries buying up property and jacking up the prices of them. It is happening all over the country.

    People moving to Florida. From what I have heard people are moving out of Florida due to DeSantis and the insurance industry.

    You have people in Idaho complaining about people from California wrecking their states because they are throwing litter all over the place, speeding down the roads and highways, fill up the state parks whereby; the local people can’t get into them. Furthermore, you have the real estate people jacking up the prices of housing and apartments because they want the fat retirement checks that many Californians have due to work in the police and fire departments and you don’t see the local governments trying to put a stop to those price hikes; whereby, the local residents can no longer afford a home and/or apartment.

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  2. Frank Nez says:
    October 27, 2023 at 11:23 pm

    For more news and updates like this, opt-in for push notifications.

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  3. Frank Nez says:
    October 27, 2023 at 11:23 pm

    Leave your thoughts below.

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