Wednesday, February 10, 2021
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David's Data Digest: CV Pandemic Job Losses by Sector
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Last week we looked at the overall drop in employment for the Coachella Valley due to the impacts of COVID-19. This week we will dissect these job losses by examining losses in specific industry sectors. I reconfigured the data in Figures 18A and 18B from the 2020 Greater Palm Springs Economic Report into a more understandable table to better show the comparative share of losses in each segment. The first table shows the actual number of jobs lost in the Valley’s nine cities, while the second table shows these losses in percentages. The second column in each table refers to the difference between the number of jobs in February, before COVID restrictions were enacted, and the greatest decline in the period up to June 2020, the latest data available as of publishing the report. The third column shows how many of these jobs lost between February and June had been recovered by June.
It has been widely reported that the downturn has affected business sectors unevenly, with sectors that rely more on face-to-face interaction, such as Leisure and Hospitality, showing significantly higher job losses. The data for the valley reinforces this, with Leisure and Hospitality and Retail Trade showing the highest job losses. While these sectors did see some recovery by June, we are still a long way from fully recovering these jobs. And historically, our recoveries in the Valley have taken longer than the rest of the state and the U.S.
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Because the Leisure and Hospitality and Retail Trade sectors employ so many in the valley, it is important to look at losses relevant to the total employed in each sector to show the proportion of jobs lost due to the pandemic. Here we see Other Services and Information with the second and third highest percentage losses. The Other Services sector includes close contact jobs like hairstylists, cosmetologists, and laundry and dry-cleaning workers. These jobs also disproportionately employ women and minorities. The Information sector employs very few in the valley, so any jobs lost can represent a large percent drop in this sector.
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Do you need data visualizations for your business plan, strategic planning, business expansion, or marketing planning? Get in touch with us.
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Small Business Comeback Series
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Nearly every business has been forced to pivot over the last 11 months. Pivoting is great, but doing it well is even better. This month, get smarter about e-commerce with our free 3-part series: Getting Online, Embracing e-Commerce.
Part 2 is this morning, Wednesday, Feb 10, from 8:00am-9:00am. Learn how Google My Business and good SEO practices work together to drive traffic and sales. Even if you missed Part 1, you can join this webinar! Sign up online.
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CVEP's Million Mask Giveaway continues to support the Coachella Valley small business community by providing masks, hand sanitizer, and face shields at no cost. With so many face-to-face sectors now reopening with modifications, this protective equipment is more important than ever. Visit the Million Mask Giveaway page or contact your city for details.
Businesses with electricity loads over 150kW may be eligible for Economic Development Rates from Southern California Edison. These discounted rates are designed to attract, retain, and expand business operations which otherwise would select or move to sites out-of-state. Businesses must meet several criteria to qualify. Download the fact sheet for more information.
Have you ever daydreamed about winning a federal contract for your small business? Learn about three programs that can help make that dream a realistic one: the Woman-Owned Small Business Set-Aside Program, the HUBZone Program, and the 8(a) Business Development Program. There are several upcoming webinar dates to learn more about these programs: the first is February 17. Sign up online for free.
The SBA Economic Injury Disaster Loan and Paycheck Protection Plan loans are open for applications. Join Riverside County 4th District Supervisor V. Manuel Perez for a town hall on Tuesday, February 16 at 10:00 a.m. to hear updates on the program as well as other funding opportunities. Register online.
Small businesses in Riverside or San Bernardino Counties that need legal assistance: Inland Counties Legal Services is hosting a no-cost clinic on Wednesday, February 17 from 1:00 - 4:00 p.m. Space is limited and pre-registration is required! This free legal clinic is specially designed to offer an opportunity for business owners to meet with and talk to attorneys about specific business issues. Download the flyer for more information: ICLS Small Business Legal Clinic: Commercial Leases & Other Business Issues.
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No Cost COVID-19 Drive Through Testing: UCR Palm Desert is the newest site in the Coachella Valley for Curative drive-through COVID-19 tests.
The oral fluid swab tests for the presence of SARS-CoV-2, which causes COVID-19. The tests are quick, painless, and self-collected. Results are sent within 48 hours via text or email.
UCR Palm Desert is proud to play a role in keeping our community safe and healthy.
Community members can help LifeStream Blood Bank continue to provide convenient mobile blood drives by contributing to the 2 for 2 Community Campaign.
Two of LifeStream's bloodmobiles must soon be replaced, as they no longer meet state and federal emissions standards. New buses are expensive, but your $2 donation will go twice as far thanks to a matching grant from the H.N. and Frances C. Berger Foundation. To donate, please visit lstream.org/newbus.
To locate the nearest LifeStream collection site including mobile blood drives, go to LStream.org or call 800-879-4484.
The Modernism Week Online Experience runs from February 1 - 28. Modernism Week is a celebration of our area's distinctive architecture, but you'll also find discussions about designing buildings today that will be worth celebrating 50 years from now. Speakers for Fast Forward Part 2: Designing the Future of Palm Springs include Maria Song, whose firm is responsible for designing Community Housing Opportunities Corporation's (CHOC) Monarch Apartment Homes in Palm Springs - an affordable housing development - in a way that complements the area's stunning surrounding midcentury modern architecture. Find the whole MW Online Experience lineup and buy tickets here.
Art lovers, rejoice! Desert X, the region's critically-acclaimed outdoor art event, has announced new dates. Postponed due to rising COVID-19 infections and hospitalizations, the event will now be held from March 12 - May 16. New safety protocols will be in place to enhance guest safety. Read about it in the Desert Sun.
Electricity customers in the IID service territory have many bill payment options available if they have been impacted by the pandemic. Programs include the Residential Energy Assistance Program (REAP), the Emergency Energy Assistance Program (EEAP), and the Medical Equipment Energy Usage Assistance Program (MEEUAP). Download the informational flyer here in English and Spanish, and please share with your neighbors.
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Recent trends have changed the brick-and-mortar business world forever. We've read about the repurposing of retail spaces and the downtown downturns caused by massive shifts to work-from-home. As commercial real estate continues to shift, we may see more hybrid retail/logistics centers. Check out CBRE's 3-D tour of what these efficient multi-purpose centers could look like.
The pandemic has brought devastation to small businesses, many families, and to the whole hospitality industry. Hotel mortgage defaults rose by 900% from December 2019 to December 2020. In some markets, creative real estate developers have been scooping up distressed hotels and converting them to affordable apartments.
Most of us remember, shortly after the enactment of orders to shelter in place, photos showing just how much cleaner our air had become since we were driving so much less. While that's been one positive impact, the pandemic's other environmental impacts are not all so pleasant. Priceonomics breaks down the Pandemic Plastic Waste Disaster.
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In GPS Business Insider you’ll find in-depth reporting on the business news and economic trends that matter most based on our more than 25 years of hands-on local experience and analysis.
Highlights for this week include:
- Golf Industry Surges in Greater Palm Springs Amid the Pandemic
- Market Commentary: Greater Palm Springs Office Leasing Trends and Themes
- Local Patent Changes Solar Panel Installation Everywhere
- Board Names New County Executive Officer
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Note: on occasion, some sites we link to may limit the number of articles you can access without a subscription.
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Coachella Valley Economic Partnership| Website
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