The Sacramento Business Review for 2016 forecasts stabilized employment for the region amid a mixed outlook on job growth. The full report of the 15th edition of the Sacramento Business Review was released Tuesday, Jan. 19, with an event at Sacramento State’s University Union Ballroom. The event featured a nationally renowned speaker from Ned Davis Research, as well as regional experts.
To view and download the review, go to www.sacbusinessreview.com.
The only publication that focuses comprehensively on the regional economy, the Sacramento Business Review is published biannually in partnership with Sacramento State’s College of Business Administration and the Chartered Financial Analyst Society (CFA) of Sacramento.
The report, written by a team of faculty and industry practitioners, examines emerging trends in sectors such as Sacramento’s labor market, real estate, banking, and small business. In addition to their Small Business Confidence Index and the comprehensive Financial Conditions Index, a new HR Barometer that measures the position of women in leadership and fresh coverage of credit unions in the region was released.
The event was jointly hosted by the College of Business Administration, the Chartered Financial Analyst Society of Sacramento, and the Sacramento Metro Chamber.
“Sacramento State is proud to join once again with the Chartered Financial Analyst Society of Sacramento and the Sacramento Metro Chamber to present the Sacramento Business Review’s 2016 economic forecast,” says University President Robert S. Nelsen. “The publication, and our continued partnership, reaffirms Sacramento State’s commitment to working with community leaders for the betterment of all aspects of the Sacramento region.”
“The greater Sacramento region has lagged behind the nation and the state in its recovery for both speed and job growth,” says Sanjay Varshney, a Sacramento State finance professor and chief economist of theSacramento Business Review. “We predict a modest yet lackluster 2016 that will see stabilizing employment in the face of deteriorating job mix.
“Last month, the region finally reached full job recovery to pre-recession levels. But we look anemic when compared with the red-hot labor market in the Bay Area, and also compared with the state of California, which saw a great 2015 for both GSP and job growth.”
Speakers at the afternoon event included Jim McGrann, president and CEO of VSP Global; and Joe Kalish, chief global macro strategist for Ned Davis Research Group.
Society President Jonathan Lederer notes how the publication has grown since its launch. “The Sacramento Business Review has become the most respected guide for business in the region,” he says. “From the time we had the honor of Dr. Janet Yellen being our event speaker in 2007, we have grown the event today to an audience of over 800 business and community leaders. We are proud of the effort that is a public service to the region.” – Craig Koscho