Is California's High Cost of Housing Cost Scaring Off Job Seekers? #realestate #homeownership #finance #investment

Source:  CAL Matters

Plenty of workers still move West each year for a new job in California.  But the state's high cost of housing may be deterring many other job seekers from moving into the state.

Business leaders up and down the state say California's expensive housing makes it challenging to recruit new workers - and to keep existing employees here.

"You're competing, now, with a low unemployment rate in California, and people have options," said Mary Leslie, president of the Los Angeles Business Council.  In April, the state's unemployment rate hit a record low of 4.2 percent.

"If we don't have the affordable housing, we're not as competitive," Leslie said.

Job recruiters see California's housing crisis from both sides.  They work with employers feeling pressure to raise wages, and they talk with job seekers scared off by median home prices that top $1 million in parts of the Bay Area, and over $500,000 in Los Angeles and San Diego counties.

Check out the full story here:
https://calmatters.org/articles/is-californias-high-cost-of-housing-scaring-off-job-seekers/

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