Vaccine Ramp-Up Paving The Way For Exceptional Growth In 2021-22 Craving 'Normal Activity', Consumers Will Drive Expansion
The economic recovery from the historic COVID-19 pandemic that began last year regained steam at the start of 2021 and an even more accelerated upturn will play out across the rest of the year - driven largely by consumer demand.
Deceptive Bump In California Exports In Latest Numbers U.S. Trade Forecast Buoyant As Vaccinations Ramp Up
California’s export trade was up handily in the latest numbers compared to one year ago. However, this is mainly because world trade in March of 2020 was so stunted by the COVID-19 outbreak. Still, major forecasts for trade remain bright.
Brisk Job Recovery In California Signals The Start Of A Hiring Expansion CA Unemployment Rate Declines
California’s labor market continued to expand at a rapid pace with total nonfarm employment growing by 119,600 positions in the latest numbers.
Texas Enjoys Strongest Labor Market Jump In Months Vaccine Rollout Opens Up
Texas’ job market continued its steady upward climb in the latest numbers, with nonfarm employment increasing by 99,000 positions in March. This represents the largest monthly jobs increase in the state since October 2020.
Pandemic-Battered Small Businesses In Texas Metros Are Recovering But Many Still Feel COVID's Sting
The number of ‘open’ small businesses in Texas’s largest metropolitan areas remains well below pre-pandemic levels, especially in the scorched leisure and hospitality space. However, as effective vaccines rollout, the outlook for the year has brightened for this beleaguered sector.
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.
"Beacon Economics has become an invaluable resource to the Los Angeles Area Chamber of Commerce, providing us with data and research that informs our efforts to rebuild the region’s economy."
Gary Toebben, President & CEO (emeritus)
Los Angeles Area Chamber of Commerce
"Chris Thornberg gave one of the most informative and entertaining keynotes ever delivered to a CalSAE audience. The combination of relevant data and insights, paired with a terrifically engaging style, provided value to all our members."
Jim Anderson, President & CEO
California Society of Association Executives
"Beacon Economics has substantially increased economic literacy here in Sonoma County"
Ben Stone, Director
Sonoma County Economic Development Board
"The professional and technically skilled staff at Beacon Economics delivered an excellent product that has been key to our District’s long term planning and fiscal health."
Dave Collins, Assistant General Manager
Finance and Management Services, East Bay Regional Park District