Released in conjunction with the 13th Annual Southern California Economic Summit, held on Dec. 1, 2022, this year’s Regional Briefing Book provides an overview of the SCAG region economy today, as well as an outlook for the counties.
As 2022 draws to a close, the SCAG region, composed of Imperial, Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, is in a post-pandemic recovery, with business activity and labor markets rebooting as the COVID-19 pandemic subsides. In 2022, the SCAG region saw significant growth in employment, income, tourism, home building, infrastructure and new development. The region’s labor markets are booming, ending the year with unemployment at historical lows. However, the region, as much of the world, faces economic and political uncertainty and high inflation, with annual inflation at 7.9 percent in Southern California as of September.