Category Archives: Greater Los Angeles

The Greater Los Angeles Economic Data is Mixed in 2016Q1

Current California economic activity measures are showing signs of a two-handed economy. On the one hand, overall job growth in non-manufacturing sectors continues to be a fundamental positive for the state’s economy. However, the state’s manufacturing sector is feeling the … Continue reading

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Los Angeles Welcomes Home the Rams

The Greater Los Angeles economy continued to grow at a moderate pace in 2015. The region’s nonfarm payroll gains of 2.7 percent in 2015 were on par with gains in 2014. Employment growth is expected to moderate somewhat this year … Continue reading

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The Greater Los Angeles Aerospace Industry Scores a Win

Northrop Grumman won a contract from the Pentagon to build 21 next generation long-range bombers for the U.S. Air Force. The contractor beat out Boeing and Lockheed Martin for the contract which analysts value at around $20 billion. The new … Continue reading

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The Greater Los Angeles Economy Continues to Improve

In this issue we are rolling out our new expanded analysis of the Southern California economy. Coverage of Southern California will now include two separate publications of quarterly analysis within the region. The first publication will focus on the San … Continue reading

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Southern California Positive Outlook Faces Headwinds

California’s drought, now in its fourth year, is a long-term issue for economic growth for Southern California, if it persists. California Governor Jerry Brown issued an executive order in April to reduce urban water usage by 25 percent statewide. Cuts … Continue reading

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Southern California and Port Negotiations

Increased congestion at the Ports of Los Angeles and Long Beach is disrupting normal supply chains. Companies importing goods have to make the decision between suspending manufacturing operations, diverting shipments to Gulf and East coast ports, or using more expensive … Continue reading

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Lower Oil Prices to Boost Southern California

Lower oil prices will support the Southern California economy. West Texas Intermediate spot prices have taken a sharp slide from $102 per barrel in June down to near $55 per barrel in mid-December. Lower oil prices are expected to persist … Continue reading

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Southern California Maintains Moderate Momentum

Southern California labor markets look positive this year. While gains in regional employment have moderated from the robust growth seen in early 2013, employment growth has remained steadily above the U.S. average in 2014. Area employment is expected to grow … Continue reading

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Southern California, Recovering and Transforming

Transformation is occurring in downtown Los Angeles with a number of mega-development projects underway or on the drawing boards. Greenland U.S. Holding Inc. broke ground this year on the first phase of the mega-project named Metropolis. The $1 billion project … Continue reading

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Southern California Maintains Positive Outlook in 2014

Southern California labor markets continue to recover heading into 2014. Regional nonfarm employment gained 115,600 jobs in the 12 months ending in December. Boosts to nonfarm payrolls in 2013 included professional and business services, education and health services, and leisure … Continue reading

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