Jobs Aren't Leaving California For Texas, But People Are

Trulia‘s Chief Economist discusses why neither jobs nor rich people are fleeing California. Instead, it’s the middle class and the poor. This exodus slowed down during the recession, but now that home prices are rising again, more people will leave the state.

A constant debate in California politics is whether jobs and people are leaving the state. This week, in fact, Texas Governor Rick Perry is in California, trying to lure businesses to his state. He won’t have much luck because jobs rarely move: in a typical year, just 25,000 jobs move out of California, and 16,000 jobs move in, out of an economy of 18 million jobs. In contrast, hundreds of thousands of people move in and out of California each year. Who are they, and why do they move?

Who Moves In and Out?

Continue at:

http://www.forbes.com/sites/trulia/2013/02/12/jobs-arent-leaving-california-for-texas-but-people-are/?google_editors_picks=true