As Economy Hastily Improves, Workforce & Other Issues Emerge

The greater Los Angeles, Orange, Inland Empire and San Diego 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:

Southern California
Local experts, organizations, and consultant firms:

Southern California Association of Governments:

• The June 2021 Monthly Economic Report (or see all latest monthly economic reports here).
• The “Inclusive Economic Recovery Strategy for the SCAG Region” report.
• The Local Profile reports.
  
  

Center for Economic Forecasting and Development (UC Riverside):

• The Summer 2021 Inland Empire Regional Intelligence Report.
• The Summer 2021 Inland Empire Business Activity Index report.
• The slide-show presentation (“The COVID Recovery: Will the Real Economy Please Stand Up?”).
  
  

Inland Empire Economic Partnership:

• The latest economic update (“Mid-Year Economic Report: Mixed Signals, But Economy is on Track”).
  
  

Economics and Politics Inc. (John Husing):

• The latest quarterly “Husing Economic Report”.
  
  

Lowe Institute of Political Economy (Claremont McKenna College):

• The “Latest U.S. Data Mean Good News for the Inland Empire Economy” report (May 2021).
  
  

San Bernardino Economic Development Department:

• The Economic Recovery Virtual Video Series.
• The Vision2Succeed Presentation and Labor Market Industry slide presentation.
• The Labor Market Intelligence Report.
• The Data — By the Numbers webpage.
  
  

Institute for Spatial Economic Analysis (University of Redlands):

• Keep checking this website for information.
  
  

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

• The forecast report (Orange County on pages 16 – 21).
• “Understanding the Impact Between the Lockdowns and the Economy” (research article in the Orange County Register).
• The 2Q 2021 Orange County Consumer Sentiment Survey (“OC Consumer Sentiment Jumps Almost 10 Percent in Second Quarter”)
  
  

Woods Center for Economic Analysis and Forecasting (Cal State Fullerton):

• The latest Southern California Leading Economic Indicator report.
• The reports webpage.
  
  

Los Angeles County Economic Development Corporation:

• The latest LAEDC Economic Briefing (“Small Business Revenues Still Far Below Pre-Pandemic Level”), as well as the slide presentation.
• All recent research reports.
  
  

Beacon Economics:

• The quarterly Regional Outlooks, including the Los Angeles Region and San Diego.
  
  

The San Diego Regional Economic Development Corporation:

• The latest monthly Data Bites report.
• The Research and Data webpage (including quarterly economic snapshots).
  
  

San Diego Regional Economic Development Corporation:

• The latest local jobs analysis, as well as unemployment rate history, service sector employment trends, total job-change trends, total non-farm labor market trends (geographic breakdown), job industry breakdown, and research overview (local jobs, priority jobs, and priority industry sectors).
  
  

San Diego Association of Governments:

• The latest Employment Analysis (“COVID-19 Impact on the San Diego Regional Economy”).
  
  

San Diego Institute for Economic Research:

• Recent updates on Facebook.
   

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

California Association of Realtors:

• The 2021 Midyear Housing Market Forecast video (event held on July 28): passcode is DEy&8*Sg.
• The slide-show presentation.
  
  

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):

• The June 2021 Economic Forecast Update and Business Review video (event held June 16).
• The forecast report.
• The 2Q 2021 California Consumer Sentiment Index.
• The 3Q 2021 California Purchasing Managers Survey Results report (“Manufacturing Index Reaches Record High”).
  
  

Paul Merage School of Business (UC Irvine):

• The June 2021 Economic and Financial Forecast video (event held on June 10) — scroll down to very bottom.
• The slide-show presentation.
  
  

UCLA Anderson Forecast (UCLA):

• The June 2021 California Economic Outlook video (event held on June 2).
• The slide-show presentation.
• The "Commercial Real Estate: The Future of Offices" report.
• The U.S. Economic Outlook.
• The "Digital Infrastructure, the Economy and Online Businesses: Evidence from GoDaddy's Microbusiness Data" presentation.
• The Forecast Direct update from mid-July ("Inflation in a Rebounding Economy and Groundwater Use in California Agriculture"), including the video presentation or the audio podcast presentation (as well as the Forecast Direct main webpage for ongoing updates).
• The "Summer 2021 Commercial Real Estate Survey: A New CRE Cycle" report.
• The latest edition of Allen Matkins/UCLA Anderson Forecast commercial real estate summary highlights.
• The "Index for Online Microbusinesses" report.
  
  

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

• Choose Los Angeles, Ventura, Orange, San Bernardino, Riverside, San Diego, or Imperial 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 (Los Angeles, Ventura, Orange, San Bernardino, Riverside, San Diego, or Imperial counties):

• 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:

• You can view Caltrans’ economic, demographic, housing, population, job, inflation, and industry breakdown forecasts for each county. Click on the following counties to view local trends and projections from 2021 – 2025: Los Angeles, Ventura, Orange, San Bernardino, Riverside, San Diego, or Imperial counties. Or you can click here to view all counties.
  
  

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

• Data USA’s county profiles: Los Angeles, Ventura, Orange, San Bernardino, Riverside, San Diego, or Imperial counties.
• California Department of Finance's Economic Research Unit
• California Department of Finance's Demographic Research Unit
• Federal Reserve Bank of San Francisco
• Bureau of Economic Analysis (U.S. Department of Commerce)
• U.S. Census Bureau's Business and Economy Division