MEF Economic Brief November 11, 2020
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Posts Tagged ‘covid19’
Marin Economic Forum: Virus impact on business could worsen
The tailspin that the coronavirus has sent the local economy into might continue for a while, according to the Marin Economic Forum.
“It’s a sobering thought, but we may not have hit the bottom yet,” Mike Blakeley, the organization’s chief executive, said Thursday during a briefing on the local outlook. “The question we’re asking right now is whether Marin County is in economic recovery or not.”
Also participating in the webinar on Zoom was Robert Eyler, the forum’s chief economist. He said job losses due to the pandemic have been smaller than during the Great Recession. Marin’s unemployment rate in August stood at 7%.
MEF Economic Brief October 1, 2020
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Marin August unemployment drops to 7 percent
Marin County’s unemployment rate in August dropped below record levels for the first time since the coronavirus pandemic began.
Marin’s unemployment rate was 7% in August, down from 9% in July but still up significantly from 2.4% recorded in August 2019, according to the California Employment Development Department. The total number of employed residents in Marin grew by 1,400 jobs from 121,800 in July to 123,200 in August.
“It’s usually a month where we don’t see much change,” said Jorge Villalobos, a research specialist with the California Employment Development Department.
MEF Economic Brief September 2, 2020
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MEF Economic Update for Newmark, July 31, 2020
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Marin Recovers: Panel discussion with the Commonwealth Club of California featuring CEO Mike Blakeley
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MEF CEO Mike Blakeley Gives Update on Marin Economy and Recovery
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Marin real estate market shakes off coronavirus slump
The median price for detached homes in Marin County rose 5.3% in June over the prior year, marking the first solid gain since the coronavirus arrested the market.
The price — $1.45 million — was based on 254 sales last month, exactly even with the sales volume in June 2019. That reversed the steep declines in year-over-year sales volume for May and April.
In the condo and townhome market in Marin, the median price reached $730,000 last month, a gain of 7.5% over the prior June. Sales fell from 57 to 51.
Unemployment turning a corner in Marin? Economist sees positive signs
Upbeat signs observed last month in Marin County’s economy could be indications things are improving, an economist suggests, just as the county prepares to reopen more businesses Monday.
Speaking on a Marin Economic Forum webinar Thursday, Robert Eyler, Ph.D., chief economist for the forum , said any positive turn could be dampened by a major spike in COVID-19 cases and a return to more restraints on business.
