Category Archives: Southern California

Southern California Positive Outlook Faces Headwinds

California‚Äôs 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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Southern California Continues Recovery Heading Into 2014

Southern California labor markets continue to underperform the national average, yet they are making headway to recovering from the greatest recession since the Great Depression. Payroll employment grew at 1.6 percent from a year ago in October, remaining below the … Continue reading

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Southern California Economy Improves Yet Faces Sequester Uncertainties

Southern California labor markets are underperforming the national average. Payroll employment growth dropped to 1.5 percent from a year ago in Q2, slightly below the national average of 1.6 percent. July payroll employments in the 3 metropolitan areas that comprise … Continue reading

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Southern California Improving as Housing Firms

The Southern California economy is showing signs of improving, as payroll jobs increase and housing markets heal. Job growth in the Southern California area is on par with the national average, but is lagging behind Northern California. The unemployment rates … Continue reading

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Southern California Improving, But Still Lagging

The Southern California economy is showing signs of improving, as payroll jobs increase and housing markets slowly heal. We emphasize the slowly in the previous sentence because the region remains plagued by high but improving foreclosure rates, especially in inland … Continue reading

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