The Golden Economist of SoCal – Jack Kyser Dead at 76 – April 1934 – 2010

REMEMBERING JACK KYSER, MY FRIEND, THE MEDIA’S FRIENDAND ONE OF THE NICEST PEOPLE I HAVE HAD THE PLEASURE TO WORK WITH FOR SO MANY YEARS…

Los Angeles, CA – I received a call early today (Monday, Dec. 06, 2010), from a mutual long time friend, Wally Baker, who called me about the Legendary Chief Economist Jack Kyser. Wally had to tell me twice that Jack had passed away over the weekend.

Jack Kyser understood the media, he was always available, he never missed deadlines, and the media loved him because he would put complicated economic news and statistics in layman’s terms.

“For more than 10 years we proudly worked with Kyser while he worked at LAEDC coordinating all the media relations and media placement. He was great friend and he will be dearly missed by all.”   George Mc Quade, vice president, MAYO Communications.

Jack had missed a luncheon appointment, no phones were returned and newspapers were piling up outside his home, so Wally called 9-11, and firefighters went through a window and found him tucked in bed.

Jack Kyser was chief economist at the Los Angeles County Economic Development Corporation (LAEDC) for a long time (20 yrs.), and MAYO Communications has been the PR Agency of Record for LAEDC and Jack Kyser for the last decade, before he retired.
It was also my last photo of Jack Kyser (left). Also
picture Nancy Sidhu and my self George Mc Quade.
Jack Kyser, the former chief economist at the Los Angeles County Economic Development Corp. and an oft-quoted expert on the financial health of theSoCal Economy.
He retired from LAEDC and moved over to Southern California Assn. of Governments (SCAG) as chief economic advisor for the largest planning agency in the country, with 190 cities, a half dozen counties and more than 19 million residents.  SCAG issued a statement in the morning. SCAG Co. Statement (more)
For two decades Kyser, the chief economist at LAEDC was the go-to-expert on business, economy and anything that might have an economic impact. I will never forget two times that Jack really suprised us.
The most recent is when LA Opinion called and asked if Jack Kyser could provide the economic impact of motorists stuck on the freeway for four hours (710 Freeway) during a bomb scare. Yes, he did.
And three weeks before going to war in Iraq (the first war in 2003) Jack Kyser called me, and he was all excited about his new economic forecast and wanted to give me the highlights to pitch to the media. He was really good at summarizing 85 study pages into headlines, too. I had to break the news to him that unless it had anything to do with the “war” it would be hard to pique the media’s interest. We brainstormed for 10 minutes more, then a light went off in my head.

I said, “Jack, can you do an economic impact of going to war?” He replied, “Yes, you want me to include that in the forecast?” And when he did, I changed the entire campaign theme and coined the phrase, “2003-2004 LAEDC Economic Warcast.” The campaign resulted in another set of record media placement results.

During the 10 day lockout LAEDC and Jack Kyser, and MAYO Communications were the only ones talking to the media, providing economic impacts on the state and US of the busiest ports in the nation closed for a 10-Lockout or labor dispute. Kyser came up with $2 billion statewide, and $5 billion nationwide. The LAEDC story carried in every newspaper in the country over 19 days.
And in late Summer of 2008, The media bombarded us with calls regarding the economic impact of the Writers Guild of America (WGA) Strike. Roll forward three months = 85 million media impressions, dozens of interviews daily and Jack Kyser came up with a newsworthy figure of $2 billion economic impact.
In December, 2009 Jack Kyser was the last to use the “R” word , but when he did everyone knew we were in a recession, especially from the data he pruned and how he read everything showing the economic indicators.
For some 20 years as chief economist with the LAEDC, he was the go-to person for the media, business movers and shakers and elected officials who needed information and or real analysis of the local economy. Kyser appeared to often have a crystal ball on the economy, where no one else came close. Even the Wall Street Journal said Jack Kyser was, “one of the most accurate economists.” 

Aida Mayo (left) with her sister at a Beverly Hills
Charity event for breast cancer awareness.

Aida Mayo, the president of MAYO Communications loved him, because Jack Kyser would call us and diguise his voice speaking Spanish when she answered the phone. Not everyone knew he spoke Spanish, either.

“Jack Kyser would always joke on the phone pretending to be someone else speaking in Spanish when I answered the phone, because I’m from Argentina, but I would always catch him red handed, because I knew his voice. Kyser was always the voice of SoCal’s economy, too, and we will all miss him a lot,” Aida Mayo, president, MAYO Communications, Los Angeles, CA.  Memorial services are pending for Jack Kyser. 

MAURA O’ CONNOR, LAEDC CHR.

Comment from the Chair Maura O’ Connor, of  LAEDC  Board of Directors.

The members of the LAEDC mourn the passing of our founding economist and our good friend. His passing is a loss personally, for the LAEDC, and for Southern California. 

He was a great teacher of practical economics. He called trends long before others saw them coming, as the “guru of the Southern California economy”.

Jack cared deeply about Southern California. He was our champion: a strong advocate for doing economically rational things to promote the region’s businesses and jobs.
While at the LAEDC, he helped us understand the local economy. As importantly, he helped us promote the LAEDC’s ultimate goal: to make sure everyone who wants or needs a job can get one.

Jack was kind as well as intelligent: a gentleman who treated everyone he met as important.
We miss him.Best regards, 

Maura O’Connor
Chairman, Los Angeles County Economic Development Corporation
Partner, Seyfarth Shaw LLP

Memorial Services are pending.
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Jack Kyser, the former chief economist at the Los Angeles County Economic Development Corp. and an oft-quoted expert on the financial health of the 

John A. ‘Jack’ Kyser, expert on LA economy, dies at 76

Los Angeles Times – Roger VincentHugo Martin – ‎Dec 7, 2010‎

Although he lacked formal training as an economist, his street-level knowledge of the local economy helped make him a confidant to the powerful. 

Jack Kyser, LA-Area Economics Expert, Dies at 76

ABC News – Andrew Dalton – ‎Dec 6, 2010‎

AP By ANDREW DALTON AP Economist Jack Kyser was the go-to expert on the business of Southern California for reporters who knew he would give them the 

Honor Kyser by making his proposals reality

Pasadena Star-News – Cynthia Kurtz – ‎Dec 8, 2010‎

I was just finishing my column for this week about how important manufacturing is to the SGV job base and describing some recommendations 


“For over 30 years, Jack Kyser served as the chief economist for Los Angeles County, shaping economic policy and spurring development and job creation,” Mayor Antonio Villaraigosa said in a statement. 

more by Antonio Villaraigosa – Dec 6, 2010 – ABC News(95 occurrences)


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LA Observed – ‎Dec 7, 2010‎

This morning’s chat with KPCC’s Steve Julian looks at how the California economy, eighth largest in the world if it were its own country, remains potent, 

Dean of SoCal economists dies

OCRegister – Mary Ann Milbourn – ‎Dec 7, 2010‎

Jack Kyser, the dean of economists for the Los Angeles region, has died at the age of 76, the Los Angeles Times reports. 

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Jack Kyser, Every L.A. Reporter’s Favorite Economist, Dies

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GlobeSt.com (blog) – Maura O’Connor – ‎Dec 7, 2010‎

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CHAMPION OF SOUTHERN CALIFORNIA ECONOMY DIES AT 76


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Bell Gardens Sun

 

HONOR KYSER BY MAKING HIS PROPOSALS REALITY


Pasadena Star-News – Cynthia Kurtz – 1 day ago

Jack Kyser had died. I’ll finish the other column soon.  of us looked forward to his presentations at the LAEDC on the third Wednesday of each month. 

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Los Angeles Times

 

FALLECE EL LATINO JACK KYSER


La Opinión – 2 days ago

Jack Kyser, uno de los análistas económicos más respetados del Sur de  años en la Corporación de Desarrollo Económico del Condado de Los Ángeles (LAEDC). 

Entertainment business, trade and tourism cited as industries to lead recovery says new study

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

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

KNX Business Hour Host Moderator Frank Mottek introduces panelist Jack Kyser, Dr. Nancy Sidhu at LAEDC Forecast event.

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.

“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.