Executive Highlights: California Business Reopening and Economic Recovery

On June 15th, almost 15 months after the first shutdown orders were issued in the Bay Area, California “fully reopened” its economy. This is an important milestone and an opportunity for us to both reflect and plan. As we look forward and discuss what the reopening means for business, at ClearPath we believe it is important to keep each new challenge in the context of the past 15 months. Just one year ago, business leaders were fighting for survival: setting up remote networks, struggling to obtain everything from PPE to laptops, adapting to constantly changing restrictions, obtaining PPP loans and other financing, and above all trying to protect the health and livelihoods of their employees. We overcame those challenges and more, both business and personal. The problems business leaders face in the second half of 2021 are small by comparison.


Quarterly Executive Highlights Q4 2019

Hiring & Retaining Talent to Remain a Concern in 2020; Expect Continued Wage Growth Bay Area unemployment continues to decline and outperform California overall. December’s 2.26% unemployment rate represents a .25% decline from a year prior.1 We expect finding talent to continue to be difficult, with top performers able to pick and choose among potential employers