Independent Economic Research

Annual Revision: California Recovered From Pandemic More And Faster Than
Originally Estimated
State Has Not Lagged Nation After All

The annual benchmark employment revision significantly changed our understanding of California’s recovery from the pandemic... the state added far more jobs than estimated.
VIEW THE BEACON EMPLOYMENT REPORT CALIFORNIA
Annual Employment Revision: No Signs Of Slowing In Texas Economy
Labor Force Revised Down For Year But Jumps In Latest Numbers

While the employment revision contained few surprises this year, it does help underscore the strength of the Texas economy since the beginning of the pandemic. In all, the state has added a whopping 700,000 jobs over its pre-pandemic peak.
VIEW THE BEACON EMPLOYMENT REPORT TEXAS
VIEW THE CALIFORNIA TRADE REPORT
California's Export Trade Showing Strength Amid Inflation
But State's Share Of U.S. Exports Remains Below Pre-Pandemic Levels

California's share of the nation’s merchandise export trade gained again in the latest numbers, but remains below pre-pandemic levels. Beacon Economics calculates that California’s merchandise export trade actually peaked in 2018.
Are Offices A Thing Of The Past? Not Quite But Demand Is Shifting
Vacancy Rates Soar Among Office Properties

Across California’s major metro regions, office vacancy rates have surged in the latest numbers... so has demand for warehouse and distribution space.
VIEW THE REGIONAL OUTLOOK CALIFORNIA
VIEW THE LATEST OUTLOOK
What's The Greatest Risk To Today's Economy? The Fed
Despite Turbulence, Recession Remains Unlikely In 2023

A downturn in 2023 is not likely... as long as the Fed doesn’t drive one. Today’s ailments are symptoms of a hangover from the stimulus injected into the U.S. economy during the pandemic, not signs of deeper weakness or triggers of a near-term recession.
LA2021 Future of Creative Talent Summit Series
Post Event Materials Now Available

Some of today’s most innovative and high-profile voices from across the entertainment ecosystem tackled pressing questions facing an industry battered by the pandemic.
VIEW DETAILS
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.
View the analysis
LA Pride's Economic Impact
Packs A Punch

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.
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To better understand our economic present and future, Beacon Economics publishes a variety of forecasts and analyses that deliver global, national, and local insight.