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California's population booms to more than 38 million




Traffic comes to a stand still on the northbound and the southbound lanes of the Interstate 405 freeway near Los Angeles International Airport.
Traffic comes to a stand still on the northbound and the southbound lanes of the Interstate 405 freeway near Los Angeles International Airport.
Kevork Djansezian/Getty Images

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California has seen its largest population boost in almost ten years;  a full one percent increase. That number comes from data pulled from the IRS, the DMV and the Pew Research Center.

But why the increase? And what does it means for the state's economy? Steve Levy, director of the Center for Continuing Study of the California Economy, joins the show to offer some insight.