Aerial view, Redondo Beach, CA

Inland Empire 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 increase in the region’s business...
By Victoria Pike Bond | UCR News |
Construction workers on rooftop

August Slowdown: California Still Not Fully Recovered

19,900 Jobs Added California’s labor market expanded modestly in the latest numbers, with total nonfarm employment in the state growing by 19,900 positions in August, according to an analysis released jointly by the UCR Center for Economic Forecasting & Development and Beacon Economics. July’s gains were also revised up to 91,400, a 6,600 increase from...
By Victoria Pike Bond |
Cooks in restaurant kitchen

California Very Close to Recovering All Jobs Lost During Pandemic Downturn

84,800 Jobs Added California’s labor market continued to expand in July, with total nonfarm employment in the state growing by 84,800 positions, according to an analysis released jointly with Beacon Economics. June’s gains were revised up to 37,300 in the latest numbers, a 17,400 increase from the preliminary estimate of 19,900. California has added jobs...
By Victoria Pike Bond |
Help Wanted sign on window

Demographic Dilemma: Slowing Population Growth, not Pandemic, at the Root of U.S. Worker Shortage

Ability to Meet Current, Future Demand Challenged; Problem Magnified in California Due to Housing Scarcity. 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...
By Victoria Pike Bond | UCR News |
Workers at construction site

Worker Supply Remains Biggest Constraint to CA Job Growth

19,900 Jobs Added Total nonfarm employment in California expanded modestly in the latest numbers, growing by 19,900 positions in June, according to an analysis by the UCR School of Business Center for Economic Forecasting & Development, released jointly with Beacon Economics. May’s employment estimates were also revised down to 40,800, a 2,100 decrease from the...
By Victoria Pike Bond |
Construction site with cranes after dark in California

Inland Empire Economic Forecast: Strong Through 2022

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. In the first quarter of 2022 (the latest data available), business activity in the Inland Empire expanded by 4.7% compared to 6.4% in the fourth...
By Victoria Pike Bond |
Inland Empire houses aerial view

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 Forecasting and Development. The region’s...
By Victoria Pike Bond | UCR News |
California homes

New Analysis: Inland Empire Home Affordability Erodes

Affordable Inland Empire? Fewer Than One-Third Of Inland Empire Households Can Afford To Buy A Home In One Of Southern California’s ‘Most Affordable’ Housing Markets. Throughout the pandemic the Inland Empire’s relatively affordable housing market has been a bright spot in the local economy and home price growth has outpaced more expensive neighboring areas. That...
By Victoria Pike Bond |
California homes

Fewer Than One-third of Inland Empire Households Can Afford to Buy a Home in One of Southern California’s 'Most Affordable' Housing Markets

Throughout the pandemic the Inland Empire’s relatively affordable housing market has been a bright spot in the local economy and home price growth has outpaced more expensive neighboring areas. That affordability, however, has diminished in the face of today’s higher mortgage rates and in the context of elevated demand and extraordinarily high-priced markets across the...
By Victoria Pike Bond | UCR News |
Wind mills in Palm Springs, CA

Do We Really Need To Choose Between Economic Growth and Cleaner Air?

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 our latest White Paper, part of the UCR School of Business Center for Economic...
By Victoria Pike Bond |