Northern California:

As Economy Hastily Improves, Workforce & Other Issues Emerge

The Bay Area, Sacramento, and far Northern California regions are all important to the entire state’s broader economic recovery as the COVID-19 pandemic continues impacting workers, households, and consumers who are integrating back into society and commerce.

That’s according to the most recent forecasts, research articles, reports, and other data and analysis presented or released by various local experts over the past couple of months. Their opinions spotlight intriguing viewpoints, trends and projections so your credit union can plan appropriately:

Northern California
Local experts, organizations, and consultant firms:

San Jose State University’s Center for Banking and Financial Services (Lucas College and Graduate School of Business) and Beacon Economics:

Bay Area Council Economic Institute (BACEI):

Bay Area Council (BAC):

UC Berkley’s Fisher Center for Real Estate and Urban Economics at (School of Economic Analysis and Policy):

Stanford University’s Institute for Economic Policy Research:

University of the Pacific's Center for Business and Policy Research:

Marin Economic Forum (MEF):

Solano County Board of Supervisors (County Administrator’s Office and Economic Forensics and Analytics Inc.):

Cal State Chico’s Center for Economic Development (CED) and the North State Planning and Development Collective:

Beacon Economics:

Sacramento Business Review:

California (entire state)
Local experts, organizations, and consultant firms:

California Association of Realtors:

California and Nevada Credit Union Leagues:

  • Your recorded access to the Your Economy—Your Credit Union virtual conference from July 20 is HERE! Those without an eTrain log-in/account will need to create one before placing their order, which you can create within seconds for free. This three-speaker, two-hour recorded event is $125 for Power Learner Passport (PLP) subscribers, $145 for non-Power Learner Passport (PLP) subscribers, and $195 for non-members of the California and Nevada Credit Union Leagues.

A. Gary Anderson Center for Economic Research (Chapman University):

Paul Merage School of Business (UC Irvine):

UCLA Anderson Forecast (UCLA):

Labor Market Information Division (California EDD)
From the California Employment Development Department: 

  • Choose San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, Marin, Napa, Sonoma, Solano, Mendocino, Sutter, Yolo, Humboldt, Del Norte, Lassen, Shasta, Siskiyou, or Sacramento counties: make sure to view 2018 – 2028 projections and highlights (structural economic changes — NOT cyclical fluctuations) regarding employment, industries, and occupations over two-year and 10-year periods. Additionally, you can see current local area profiles and historical data by county.

California Center for Jobs and the Economy
Search by county (San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, Marin, Napa, Sonoma, Solano, Mendocino, Sutter, Yolo, Humboldt, Del Norte, Lassen, Shasta, Siskiyou, or Sacramento):

  • Labor market profiles: To see trends in long-term unemployment, employment and jobs, labor force participation rates, population, age and race demographics, education, and industry/business breakdown click here. And to view the June 2021 jobs report analysis (released in July), click here.
  • Economic indicators: To view trends in housing, wages, energy, and affordability index for homeowners versus renters, click here.

Caltrans’ County-Level Economic Forecast
Released in December 2020 by Caltrans (the California Department of Transportation) — structural economic changes and NOT cyclical fluctuations:

Northern California: Demographics, Labor, Education & Economic Resources
More analysis:

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