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...
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...
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...
Supply chain struggles have been widely blamed for the inability to meet consumer and business demand throughout the pandemic. While fixing the supply chain should be a top priority, it is worker scarcity, driven by the lack of basic, long-term population growth that is the true underlying cause—and a critical...
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...
Fewer than one-third of Inland Empire households can afford to buy a home in one of Southern California’s ‘most affordable’ housing markets
Despite recessionary fears, IE labor market continues to show strength
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...
Talking about innovation can hurt a firm’s market performance but enhance earnings
New analysis tracks performance of state’s creative industries before, during, and after covid, revealing longer term direction
Labor shortages will be region’s key restraint on economic growth
Local wages are not rising enough to keep up with inflation
Two Riverside startups receive over $80,000 in seed capital from Citrus Seeds
High fees for disposal and recycling can boost the sustainable effect under some circumstances
“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”
The four finalists were founded in Riverside County and are developing with support of the UC Riverside Office of Technology Partnerships
Available labor supply likely to be among 2022’s biggest restraints on growth
Musician migration rates muted during pandemic, but interesting regional trends emerge
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
Renewed spending on leisure, entertainment bodes well for downtown businesses