COVID, Congestion, and Costs Combine To Contain CA Exports Delta Variant, Supply Chain Back-Ups, Steep Shipping Fees Cloud Trade Outlook
A combination of the Delta variant’s adverse impact on global commerce, congested international supply chains, and steep increases in shipping fees frustrated California exporters in the latest numbers from the U.S. Census.
Job Gains Mounting But CA Metros Have A Way To Go To Full Recovery Apartment Demand Slumps Then Stabilizes
California's recovery from the pandemic continues as every major urban area adds jobs. But we're not there yet: five of CA's largest metros still need to recover over 40% of jobs lost.
Texas Job Recovery Continues For 6th Consecutive Month Delta Variant Affecting Some Industries
In the latest numbers, Texas’s labor market continued its steady recovery from the pandemic, adding 39,300 positions. This represents the sixth consecutive monthly increase in Texas payrolls. A total of 358,000 jobs have been added in the state since February 2021.
Pandemic Recession Was Shortest, Deepest In U.S. History Economic Output Jumps To Pre-COVID Levels
In the 2nd quarter of 2021, real economic output in the United States pushed higher than pre-pandemic levels, making the COVID induced recession the shortest in the nation’s history. It will take another quarter or so for output to return to its sustainable, long run trend.
Housing Markets Surge In Texas's Major Metros As Employment Recovery Continues Real Estate Described as 'Red Hot'
The pandemic’s increasingly diminished economic effects are the backdrop to strong housing market activity and ongoing job recovery in Texas’s two largest metropolitan regions. Historically low inventory is driving up single-family home prices and sales across both Dallas and Houston
Texas Secure In Its Spot As Nation's Top Exporting State 2020 Declines Less Severe Than In Other Major Export States
Texas exporters suffered in pandemic-plagued 2020 but did not experience some of the staggering declines other major exporting states have endured, performing better than New York, Florida, Michigan, Washington, and Ohio. Compared to 2019, exports from the Lone Star State fell 15.1%.
The University of California's Eye Popping Economic Impact UC An Essential Engine
In contributing $82 billion to California's annual output and supporting 1 in every 45 jobs in the state, the UC system is an extraordinary engine of economic growth. Our new analysis reveals UC's full impact, from serving students to launching start-ups.
Beacon's analysis of the 2019 LA Pride Parade and Festival reveals the event generated nearly $75 million in economic output for LA County. Well over half of that amount was spent directly within the County.
Beacon's analysis for Next 10 finds that California's housing goals are exacerbating the housing crisis and at the current level of development, some jurisdictions won't meet their low-income production targets for more than 1000 years.
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Los Angeles Area Chamber of Commerce
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