Know What’s Ahead

The world is rapidly changing. Knowing what to expect is critical today and will be in the future.


Economic analysis and forecasts from our award-winning Chief Economist Scott Anderson and his team help keep you informed whether you are a business decision maker, investor, or consumer.


Scott Anderson is the Chief Economist for Bank of the West. He analyzes international, national, and regional economic trends and provides forecasts for the bank management, business lines, and clients. He is a recipient of the NABE Outlook Award for most accurate economic forecaster.



U.S. Outlook

A weekly report with analysis of current U.S. economic activity and longer-term economic and interest rate forecasts.



Job Creation Fizzles in April

May 7, 2021

The U.S. labor market started off the second quarter on the wrong foot, according the Bureau of Labor Statistics. Read more >

U.S. Economy Starts 2021 On A Strong Footing

April 30, 2021

We knew it was going to be big, but the advance estimate of U.S. real GDP made it official with a robust 6.4% annualized growth rate in the first quarter. Read more >

Current State of the Housing Market

April 23, 2021

We have refreshed our housing market outlook in light of recently released housing-related data. Read more >

Instant Analysis

Insights on the day’s U.S. economic releases and Federal Reserve Open Market Committee meetings and minutes.

May 05, 2021
Private Sector Employment Gain Misses Consensus Estimate While Service Sector Expansion Cools

Private sector employment increased 742,000 in April, according to the ADP Employment Report. This was more than 100,000 short of the consensus forecast looking for an 850,000 gain. Service industries were responsible for over 85% of private sector job gains last month. Read more >



California Outlook

A quarterly analysis of California’s major economic regions and labor, housing, income, spending, and demographic trends.



California Economic Outlook – April 2021

April 28, 2021

California job growth rebounded strongly on service and restaurant business reopenings in February, but moderated a bit in March.
Read more >

California Economic Outlook – December 2020

December 17, 2020

California’s labor market recovery is lagging the nation as job losses in pandemic impacted industries remain high and new business restrictions and stay at home orders begin to bite.
Read more >

California Economic Outlook – September 2020

September 22, 2020

Economic growth has resumed and net job loss has ended in California after a sharp and unprecedented decline in March and April.
Read more >

The Economics of Climate Change in California

Bank of the West Chief Economist Scott Anderson addresses the risks and opportunities that climate change poses in California.

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