Earlier quoted context omitted.
“Hemorrhaging” is a pretty common way to describe an exodus of people or money. It’s a common metaphor that’s also used in “stop the bleeding” or the similar “stem the tide”. Business is full of otherwise wildly inappropriate phrases, like “drink the kool-aid” in reference to the mass suicide of nearly 1000 people in the Jonestown cult. I have no idea how that’s considered an appropriate phrase for any situation but…
The issue with the word is that implies something that if left unchecked will cause disaster. So 100k people per year have left, and yet "California’s population still grew by about 2 million over this period". I really don't see the problem.
No?