California

California Lost Hundreds of Businesses Since 2020; Job Market Continues to Grow

The governor points to ‘good jobs throughout the state,’ as data paint a mixed picture.
California Lost Hundreds of Businesses Since 2020; Job Market Continues to Grow
The employee parking lot at Tesla Inc.'s U.S. vehicle factory in Fremont, Calif., on March 18, 2020. Shannon Stapleton/Reuters
Summer Lane
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Hundreds of businesses have left California for other states since 2020, and while hundreds of thousands of people have joined the outflow, California’s labor market has continued to show signs of strength.

According to data from Build Remote, as of June 2024, over 90 companies with more than 100 employees have left California in the last four years, including Tesla, Neutrogena, Chevron, and Ruiz Foods.
Summer Lane
Summer Lane
Author
Summer Lane is the bestselling author of 30 adventure books, including the hit "Collapse Series." She is a reporter and writer with years of experience in journalism and political analysis. Summer is a wife and mother and lives in the Central Valley of California.