Author: Scott Anderson

Pandemic Woes Lead To Fiscal Spending Hopes

Scott Anderson
Chief Economist

This week’s U.S. economic data reminds us that the pandemic still has a tight grip on our economy. 

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Coronavirus Sends Labor Market Recovery Into Reverse

Scott Anderson
Chief Economist

The December Employment Report was as bad as feared, and worse than most economist forecasts, showing a net loss of 140k non-farm jobs in December. This was a sharp break from November’s performance when the U.S. economy created a solid and upwardly revised 336k jobs. The unemployment rate held at an elevated 6.7% in December, but another 115k people left the labor force to keep it at that elevated level – so not really great news all-in-all.

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U.S. Labor Market Recovery Ends Year With A Whimper

Scott Anderson
Chief Economist

We have seen seven consecutive months of strong U.S. job re-creation, a surging housing market, and record high stock prices.

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California Economic Outlook Report – December 2020

Scott Anderson
Chief Economist

California’s labor market recovery is lagging the nation as job losses in pandemic impacted industries remain high and new business restrictions and stay at home orders begin to bite. After six consecutive months of job increases through October, employment in California is still 8.4% or 1.47 million jobs below the February peak.

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