Tag Archive: business


Jack Kyser, LAEDC retiring

LAEDC will continue to provide the region’s most up-to-date and timely economic information, analysis and forecasting under the ongoing leadership of Chief Economist, Dr. Nancy Sidhu


Los Angeles — Jack Kyser, the Los Angeles County Economic Development Corporation’s (LAEDC) Founding Economist, today announced his retirement effective June 30th after nearly 30 years as the chief interpreter of the L.A. County economy. Kyser will retire from full time work, but will remain as a consultant to the organization.

The LAEDC’s economic research department, the Kyser Center for Economic Research, will continue under the leadership of Chief Economist, Dr. Nancy Sidhu, to provide critical economic analysis and insight on topics related to the L.A. County economy, as well as produce unbiased analytical research about the industry sectors leading the Southern California five-County economy.

“It was the right time to retire as the department has never been stronger in terms of its economic research capabilities than it is now,” said LAEDC Founding Economist Jack Kyser. “The department is in good hands under Nancy’s leadership. She has done an extraordinary job leading the team and will continue to provide important analyses, opinions and interpretations about the region.” For the full story, bios and images visit:

Visit: http://tinyurl.com/2enm3g4

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(l-r) George Mc Quade, MAYO PR, Frank Mottek, KNX, Dr. Nancy Sidhu, LAEDC and CEO Michael Landver, CDC.

LAEDC Forecast Report Says U.S., California and Southern California face a measured economic recovery, with stronger growth in 2011

Entertainment, international trade and tourism cited as regional industry leaders, with an economic boost from major infrastructure projects and a modest rebound in residential real estate

Los Angeles— A measured economic recovery is underway in the nation, the state and Southern California, according to the 2010-2011“Economic Forecast & Industry Outlook” report released today by the Kyser Center for Economic Research at the Los Angeles County Economic Development Corporation (LAEDC).

In California, three sectors will see employment growth during 2010: information, private education and health services.  Like the national experience, unemployment rates in the state will remain high with the LAEDC forecasting a 12.3 percent average rate in 2010, easing down to 11.9 percent in 2011.

“We project that the U.S. economy will grow by 2.6 percent in 2010 and by 3.1 percent in 2011, after plunging by 2.4 percent during 2009,” said Nancy D. Sidhu, Ph.D., the LAEDC’s chief economist.  “However, unemployment rates in the U.S. will remain uncomfortably high, averaging 9.9 percent in 2010 and 9.4 percent in 2011.”

Sidhu observed that consumer spending holds one of the keys to the economic recovery, with inflation-adjusted gains of 1.9 percent in 2010 and 2.7 percent in 2011 forecast, after falling by 0.6 percent in 2009.

2010-2011 LAEDC Economic Forecast Event at LA Marriott, downtown LA.

“California’s economy is also on the recovery track, but the state will still lose 121,800 jobs in 2010,” said Sidhu.  “However, this will be a huge improvement from the 668,200 jobs lost in 2009.”  California’s housing industry will see a modest recovery in 2010, according to Sidhu. For the full story and link to the forecast visit:http://tinyurl.com/yf85d5m

For images and media interviews call Aida Mayo or George Mc Quade, MAYO Communications, 818-340-5300 or Cell: 818-618-9229.