1. The Long Beach Economy Wade E. Martin, Ph.D. Professor & Chair Director, Office of Economic Research Department of Economics California State University, Long Beach

2. Key Economic Indicators Employment POLB Volumes Taxable Sales Commercial Real Estate Residential Real Estate Investment

3. EMPLOYMENT

4. Unemployment Rates

5. Long Beach Nonfarm Employment

6. Employment by Sector: Long Beach v. County Sector Long BeachL.A. County Mar-16YOY (%) Prof, Sci, Tech and Mgmt11,6755.63.0 Real Estate3,5004.44.6 Government14,1753.01.1 State and Federal4,0751.62.0 Local10,1003.60.8 Transport/Warehouse13,6753.61.4 Leisure and Hospitality20,2252.63.9 Health Care24,4501.94.3 Manufacturing7,8251.6-1.7 Other Services6,5501.61.3 NR/Construction6,1000.72.8 Retail Trade13,2750.61.6 Wholesale Trade5,8000.50.0 Educational Services1,1250.46.5 Admin Support8,625-0.3 Finance and Insurance3,175-2.30.4 Information1,525-3.02.5 Total All Industries141,7252.0 Source: EDD & Beacon Economics

7. PORT OF LONG BEACH DATA

8. Port of Long Beach: Total TEUs

9. TAXABLE SALES

10. Taxable Sales: Long Beach, County & State

11. Sales Tax Receipts by Category: County

12. REAL ESTATE DATA

13. Office Vacancy Rates: Long Beach v. County

14. Retail Vacancy Rates: Long Beach v. County

15. Industrial Vacancy Rate: Long Beach v. County

16. Single-Family Home Prices & Sales

17. Defaults and Foreclosures

18. Apartment Rent Growth Rates by Area

19. INVESTMENTS

20. Capital Projects Civic Center ($1.4b) POLB ($4B) Gerald Desmond Bridge Energy Island Projects (POLB) Middle Harbor Project Aquarium of the Pacific Expansion ($53m) Belmont Pool ($103m) + Private Sector Projects

21. Small Business Expectations 2016 Long Beach Small Business Expectations All Small Business 2015/2016 Fewer than 5 Employees 2015/2016 5 – 50 Employees 2015/2016 More Sales/Revenue54%/55%55%/49%51%/60% More Operating Profit52%/47%49%/43%57%/51% More Spending on New Equipment, Supplies, etc. 35%/31%33%/35%37%/30% More Spending on Mktg/Advertising 35%/32%37%/29%25%/35% Employ More People29%/27% 28%/46% Use More Credit/Financing 20%/16%22%/22%14%/11% Source: Long Beach Small Business Monitor, Scott Flexo, Ph.D.

22. Issues to Consider Going Forward Softness in the Global Economy Minimum Wage Energy Prices Wealth Distribution Business Confidence ELECTIONS!

23. Questions www.csulb.edu/economics/oer and www.beaconeconomics.com w