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

Demographic dilemma: slowing population growth, not pandemic, at the root of U.S. worker shortage

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...

By Victoria Pike Bond | | Business

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

Agricultural pest control and energy storage startups win Riverside Angel Summit

Two Riverside startups receive over $80,000 in seed capital from Citrus Seeds

By Holly Ober | | 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

Riverside Angel Summit finalists are promising medical, agricultural, and energy startups

The four finalists were founded in Riverside County and are developing with support of the UC Riverside Office of Technology Partnerships

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

Downtowns are still the biggest job centers in most regions

Renewed spending on leisure, entertainment bodes well for downtown businesses

By Victoria Pike Bond | | Business

Inland Empire business activity growth outpaces U.S. GDP in latest numbers

‘Hot’ IE housing market still has room to grow

By Victoria Pike Bond | | Business