Economic Profile

Bay Area Council

Project Sponsor:

Topic Areas

  • Coming soon

    Income Inequality

    What was the region's income gap pre-COVID-19, and will it  widen post-pandemic?

  • Coming soon

    Labor Force  Participation 

    How has the pandemic disrupted labor force participation differently across demographic groups? 

  • Coming soon

    Migration Trends

    What were the population trends within the Bay Area and how will they change?

  • Venture Capital & Innovation

    Tech has been the engine of the Bay Area economy - what does its future look like in the region?

  • Housing & Transportation

    How have travel patterns and housing costs shifted in the months following COVID-19?

  • Higher Education

    How will the region's higher education institutions change as a result of the pandemic?

  • Globalization versus Localization

    What will the focus of Bay Area companies be local or global in the wake of COVID-19?

Tracking Economic Recovery from the COVID-19 Recession in the Bay Area

COVID-19 has created lasting impacts on local, regional, and national economies. In early 2020, several industries including the airline, restaurant, and tourism industries were deeply affected by shelter in place mandates and travel guidelines. Today, these effects have transferred to other industries, leading to layoffs, furloughs, and hiring freezes as budget cuts become the new normal.

 

Six months into the COVID-19 crisis, economies across the U.S. are recovering jobs in some industries, while continuing to see losses in others. In an effort to understand the health of the Bay Area economy throughout the COVID-19 recession, this page will track regional recovery and provide monthly updates using data from the California Employment Development Department and Bureau of Labor Statistics.

Read Previous Economic Profiles

and see more of the research produced by the Bay Area Council Economic Institute.

Scroll through for previous reports

 
 

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© 2020 by Bay Area Council Economic Institute