Economy

Council Urges Assembly to Reject Disastrous Unemployment Insurance Expansion image

Council Urges Assembly to Reject Disastrous Unemployment Insurance Expansion

California’s unemployment insurance system is currently saddled with $19 billion in debt from claims made during the pandemic, debt that is conti...
Bay Watch: State of Bay Area Business Travel image

Bay Watch: State of Bay Area Business Travel

As some cities experience a resurgence in business travel, reaching or exceeding pre-pandemic levels of hotel occupancy, conventions, and air trave...
Bay Watch: Are Wealthy People Actually Leaving the Bay Area in Droves? image

Bay Watch: Are Wealthy People Actually Leaving the Bay Area in Droves?

Short answer: no. However, they are leaving the region at a faster rate than they were before the pandemic, or after the Great Recession. This week...
Reigning in Business Taxes Key to Economic Recovery image

Reigning in Business Taxes Key to Economic Recovery

The San Francisco Office of the Controller this week (July 12) released a study echoing the findings of an analysis the Bay Area Council ...
Port of Oakland Hails Labor Agreement image

Port of Oakland Hails Labor Agreement

A shroud of uncertainty lifted from the Port of Oakland this week with the announcement of a tentative agreement in long-running labor negotiations...
Bay Watch: Strong Job Gains in May, Defying Tech Layoffs and March Losses image

Bay Watch: Strong Job Gains in May, Defying Tech Layoffs and March Losses

In March 2023, the Bay Area’s two-year growth streak came to an end when the region lost 4,400 jobs, which many saw as the first impacts of ...
Bay Watch: Regional Banking Sector Withdraws image

Bay Watch: Regional Banking Sector Withdraws

The recent turmoil in the banking sector has put the spotlight on the Bay Area, with the notable failure of Silicon Valley Bank and the collapse of...
Study Endorses Regionalism to Counter Wane in California’s Competitiveness image

Study Endorses Regionalism to Counter Wane in California’s Competitiveness

If California were a country, it would be the fifth largest economy in the world, poised to surpass Germany and become the fourth largest. The stat...
West Coast Best Coast: New Study Shows Tourism Returning to California image

West Coast Best Coast: New Study Shows Tourism Returning to California

Few industries suffered during the pandemic quite like tourism as operations ground to a halt and travelers remained wary of planes even when restr...
Bay Area Job Gains in April Defy Tech Layoffs and Previous Month’s Losses image

Bay Area Job Gains in April Defy Tech Layoffs and Previous Month’s Losses

The Bay Area’s two-year job growth streak came to an end in March 2023 when the region lost 4,400 jobs – a blow many attributed to the first im...
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