California records slowing population growth

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The California Policy Lab’s recent analysis shows that the state continues to record a slowing increase in population, most especially in the Bay Area, KRON4 reported.

The rate of residents moving into California was even lower – by 38 percent — by the end of Sept. this year as compared to March 2020, the lab findings released on Wednesday said.

The data furthered that there is a 12 percent increase in the rate of people moving out of California as compared to the levels before the pandemic.

The Bay Area has particularly seen the slowing down of population growth since the COVID-19 pandemic started. There was a 48 to 53 percent decrease in the rate of people moving from out-of-state into Santa Clara, San Mateo, and San Francisco, as shown by the date.

There is an increase in people moving out of these counties as well, and even completely leaving the state.

According to the lab, San Francisco is the only California county that recorded over 30 percent increase in its exit rate.

This means that there is a growth in the number of people moving out of the county.

The data sourced from the University of California Consumer Credit Panel of residential places for Californians with credit history was used by the lab to come up with the analysis.