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California lost 1.41 Million Jobs During 2020, With Bay Area Losing 360,300 Jobs

Feb 2, 2021 | Posted by Jeff Weil | California Economics, Commercial and Business Insurance, Commercial Real Estate, Commercial Tenant Improvement Contractor, Employment, Newsletter, Pandemic, Real Estate Landlords, Residential Real Estate, Residential Real Estate Agents, Retail Leasing, The Office Market, Trends, U.S. Economics, Workspace, World Economy |

According to the East Bay Times reporter George Avalos, California lost 1.41 million jobs last year. Ouch! Michael Bernick, employment attorney with Duane Morris and former EDD Director, said “We are looking at a much more gradual recovery than first hoped, and a lot of jobs that were lost are going to be lost permanently, especially in leisure and hospitality.” Steven Levy, director of the Center for Continuing Study of the California Economy, said “It will be a long time before everyone gets their jobs back.” ‘Many people might never get their jobs back or work in the same industries they exited.’  But at least we now have outdoor dining back and I can get my hair cut!

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Jeffrey Weil, CCIM, MCR.h, SIOR

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San Francisco Bay Area
1850 Mt. Diablo Blvd., Suite 200
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Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

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Contact Information:

  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • officetimes.com

Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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