As part of its ongoing analysis of critical economic trends, the Center for Jobs and the Economy is releasing its newest feature, CaliFormers, which will track California businesses that are either leaving, relocating employees, expanding facilities or hiring in other states.
Even before the pandemic began, there was already small and large businesses leaving California for states with lower costs for both their business and their employees. While the pandemic, and the flexibility of telecommuting, may motivate additional companies to leave the California, it is too soon to determine the long-term impact on the California jobs market. The CaliFormers feature is one of the ways the Center will be tracking these issues for greater transparency and future analysis.
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