- All Articles Personal Income
IRS Data Show Pandemic Uptick in Outmigration Continues July 31, 2024
Recently released figures from the Internal Revenue Service (IRS) show that California continues to lose taxpayers to other states. The state has long had annual net outmigration (more people moving out of California to other states than moving in) but the trend has increased since 2020. Looking ahead, should the heightened trend of net outmigration continue, it could drag down annual income tax revenue growth below its long-term average.
1st Quarter 2021 Personal Income Report June 28, 2021
California personal income rose 9.3 percent in the first quarter, mostly reflecting federal stimulus payments.
3rd Quarter 2020 Personal Income Report February 4, 2021
California personal income stayed flat in the third quarter as transfer payments fell, although wages and salaries were up over 2019.
2nd Quarter 2020 Personal Income Report October 23, 2020
California personal income surged in the 2nd quarter due to transfer payments, but other income categories dropped sharply.
Occupational Wage Growth from 2016 to 2017 July 26, 2018
This post discusses wage growth for 21 broad occupation groups from 2016 to 2017.
Occupational Wage Growth from 2013 to 2017 July 26, 2018
This post discusses wage growth for 22 broad occupation groups from 2013 to 2017.
California Personal Income Grew Faster Than US in 2017 April 5, 2018
We discuss new data from the Bureau of Economic Analysis regarding state personal income.
2017 May Revision: LAO Economic Outlook May 11, 2017
We discuss our new economic outlook, released as part of our response to the Governor's 2017 May Revision.
State Personal Income: 1st Quarter of 2016 July 6, 2016
The U.S. Bureau of Economic Analysis has released state personal income through the first quarter of 2016.
May Revision: Wage and Salary Estimates May 27, 2016
We discuss our May Revision estimates of wages and salaries in California, as well as the administration's.
Personal Income Budget Formula Estimate Likely Too Low February 18, 2016
We discuss a particular formula used in the state budget related to personal income growth. The administration's January estimate of this formula for the 2016-17 state budget is likely too low.
3Q2015 State Personal Income January 5, 2016
The U.S. Bureau of Economic Analysis released estimates of state personal income through the third quarter of 2015 on December 21, 2015.
Fiscal Outlook: Personal Income vs. Income Tax Projections December 11, 2015
We discuss the distinctions between our personal income and personal income tax projections.
California Personal Income Growth Ranked #4 in 2nd Quarter October 1, 2015
The U.S. Bureau of Economic Analysis (BEA) has released state personal income data through the second quarter of 2015.
4Q2014: California Personal Income Growing Faster Than U.S. Over Past Year March 26, 2015
The U.S. Bureau of Economic Analysis has published its estimates of state personal income through the fourth quarter of 2014.