Guitar Shutterstock image

Mamma Mia! Sweden Gains the Most Musicians During the Pandemic

Call it the ABBA effect: More musicians migrated to Stockholm, Sweden during the pandemic than to any other location according to a new analysis released today by the UCR School of Business Center for Economic Forecasting and Development. The analysis examined a very specific labor market – musicians on Soundcloud, a major online music sharing...
IE Economic Forecast Conference 2021

Inland Empire Economic Forecast Conference Finds Near Term Outlook Strong but Long Run Risks Loom Large

From a demand standpoint, the U.S. economy has completely recovered from the pandemic recession. And output, although not there yet, will return to its long run trend in the near-term future. That according to a new forecast released yesterday at the 12th annual Inland Empire Economic Forecast Conference, hosted by the UC Riverside School of...
By Victoria Pike Bond |
Downtown Los Angeles

Downtowns are Still the Biggest Job Centers in Most Regions

The demise of dense downtown areas in the United States has been predicted throughout, and long before, the COVID-19 pandemic. But according to a new analysis released today by the UCR School of Business Center for Economic Forecasting and Development, downtowns are far from dying and today continue to be the largest job centers in...
By Victoria Pike Bond |
Modern housing units

Inland Empire Business Activity Growth Outpaces U.S. GDP in Latest Numbers

Business activity in the Inland Empire has continued to recover from the pandemic along a steady upward trajectory, outperforming growth in U.S. GDP in the latest numbers. According to the new Inland Empire Business Activity Index released today by the UCR School of Business Center for Economic Forecasting and Development, in the second quarter of...
By Victoria Pike Bond |
Construction workers on UCR campus

Headwinds Ease for CA Job Growth as COVID Cases Decline

According to the September 2021 Beacon Employment Report | CA, California’s labor market continued to expand at a rapid pace in August, with total nonfarm employment in the state growing by 104,300 positions. During August, California accounted for 44% of all jobs added nationally during the month. 104,300 Jobs Added In August California’s labor market...
Inland Empire aerial view

Job Recovery, Housing Demand, Consumer Demand Heating Up Inland Empire Economy

As the effects of pandemic-driven business closures and restrictions steadily diminish, and with California "officially reopened," the economy of the Inland Empire is on a robust near-term growth trajectory, according to an analysis released today by the UC Riverside School of Business Center for Economic Forecasting and Development. While some industries and workers continue to...
By Victoria Pike Bond |
Trucks, aerial image / unsplash.com

Inland Empire Business Activity to Hit Pre-Pandemic Levels by End of Year

Business activity in the Inland Empire is in clear-cut recovery mode and will reach pre-pandemic levels by the end of this year, according to the new Inland Empire Business Activity Index released today by the UCR School of Business Center for Economic Forecasting and Development. The analysis estimates that business activity in the region will...
By Victoria Pike Bond |
Business people in motion

Inland Empire Business Activity Poised for Strong Growth in 2021

Business activity in the Inland Empire has continued to steadily recover from the historic COVID-19 pandemic and the outlook for the near-term future is one of solid growth. Following unprecedented declines in the first half of 2020, the region’s business activity rebounded in the second half of the year, and the economic fundamentals for ongoing...
By Victoria Pike Bond |
Small businesses

Pent Up Consumer Demand to Drive Rapid Economic Recovery in Inland Empire

After more than a year of pandemic-driven business closures and restrictions on activity, the fundamentals that drive long-term economic growth are alive and well in the Inland Empire, according to an analysis released today by the UC Riverside School of Business Center for Economic Forecasting and Development. The region’s labor market, where the pandemic’s greatest...
By Victoria Pike Bond |
Downtown Riverside

Sustained Economic Growth Finally in Sight

The Inland Empire’s economic outlook has been given a significant boost with the news that multiple, effective vaccines for the COVID-19 virus have been developed and are being actively administered around the globe, according to an analysis released today by the UC Riverside School of Business Center for Economic Forecasting and Development. The first vaccines...
By Victoria Pike Bond |