Pandemic left behind, the Inland Empire economy flourished in 2022

Despite the recession drumbeat getting louder in many quarters across the nation, the Inland Empire’s economy is not only showing strength, but is outstripping California’s other major metros and the state as a whole along some very key measures, according to an analysis released today by the UC Riverside School...

By Victoria Pike Bond | | Business

Business activity in the Inland Empire is still on the rise and expected to continue growing in 2023

Business activity in the Inland Empire has continued to rise and despite the turbulence in today’s macroeconomy, is forecast to continue its upward climb in the near-term future. According to the new Inland Empire Business Activity Index released today by the UCR School of Business Center for Economic Forecasting and...

By Victoria Pike Bond | | Business

School of Business launches new actuarial science degree program

UC Riverside’s School of Business is now offering a degree in actuarial science, providing a direct path for students seeking careers in finance and insurance. Actuarial science is a discipline that involves assessing financial risks using mathematical and statistical methods. Most who study it go on to work in high-paying...

By Imran Ghori | | Business

Experts in Black Friday, holiday season shopping impacts

Christopher Thornberg, director of the UC Riverside School of Business Center for Economic Forecasting and Development The founder of Beacon Economics LLC and an adjunct professor, Thornberg is an expert in economic and revenue forecasting, regional economics, economic policy, and labor and real estate markets. Thornberg has consulted for private...

By UCR News | | Experts

Black Friday & Cyber Monday: UCR experts discuss the annual shopping binge ritual

As the nation’s retailers prepare for upcoming Black Friday and Cyber Monday sales, they expect their holiday revenues to grow moderately over last year. The National Retail Federation has forecast a 6% to 8% increase to $942.6-$960.4 billion in sales. This growth would follow last year’s surge of 13.5% that...

By David Danelski | | Business

Will the U.S. economy fall into recession in 2023? Only if the Fed intensifies current tightening policies

The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at the 13th annual Inland Empire Economic Forecast Conference, hosted by the UC Riverside School...

By Victoria Pike Bond | | Business

Inland Empire business activity growth contrasts with national decline

Business activity in the Inland Empire continued to rise in the latest numbers, standing in stark contrast to the decline in GDP at the national level, according to the new Inland Empire Business Activity Index released today by the UCR School of Business Center for Economic Forecasting and Development. The...

By Victoria Pike Bond | | Business

Regents approve plans for new School of Business building

The Regents of the University of California have approved construction plans for a new UC Riverside School of Business building that will provide more instructional and administrative space to meet growing enrollment demand. The vote, which took place July 20, allows the campus to move forward with construction this fall...

By Imran Ghori | | University

Inland Empire business activity still going strong

Business activity in the Inland Empire has continued to grow, and in the context of today’s increasingly uncertain economic environment, stands in stark contrast to growth trends in the nation, according to the new Inland Empire Business Activity Index released today by the UCR School of Business Center for Economic...

By Victoria Pike Bond | | Business

California does not need to choose between post-pandemic economic growth and reducing carbon emissions

Surprisingly, environmental leader California has a smaller ‘green economy’ than the average U.S. state and would need to add many thousands of environmentally friendly jobs to catch up. The good news is it’s on track to do just that, according to a new analysis released today by the UCR School...

By Victoria Pike Bond | | Business

How company leaders talk about creativity can hurt investor confidence

Talking about innovation can hurt a firm’s market performance but enhance earnings

By Holly Ober | | Business

California’s creative economy bounces back but expands unevenly

New analysis tracks performance of state’s creative industries before, during, and after covid, revealing longer term direction

By Victoria Pike Bond | | Business

Inland Empire business activity headed for moderate growth

Labor shortages will be region’s key restraint on economic growth

By Victoria Pike Bond | | Business

Inland Empire has more jobs now than it lost during pandemic

Local wages are not rising enough to keep up with inflation

By Victoria Pike Bond | | Business

Mass customization can make fashion more sustainable if customers are willing to wait for it

High fees for disposal and recycling can boost the sustainable effect under some circumstances

By Holly Ober | | Business

Surveys with repetitive questions yield bad data, study finds

“In as few as six or eight questions, people are already answering in such a way that you’re worse off if you’re trying to predict real-world behavior”

By Holly Ober | | Business

Inland Empire economy nears full recovery from pandemic downturn

Available labor supply likely to be among 2022’s biggest restraints on growth

By Victoria Pike Bond | | Business

Mamma Mia! Sweden gains the most musicians during the pandemic

Musician migration rates muted during pandemic, but interesting regional trends emerge

By Victoria Pike Bond | | Business

Inland Empire Economic Forecast Conference finds near term outlook strong but long run risks loom large

Labor shortage will place upward pressure on wages in 2022

By Victoria Pike Bond | | Business