Topic: Economic Data

Yelp: Local Economic Impact Report

Local economies around the U.S. have continued to change quickly and dramatically – states and cities are slowly reopening, unemployment rates are starting to decline from the recent all-time high,…

How the Coronavirus Pandemic Has Affected Local Businesses Around the Country

Business closures and rapid consumer reaction to the public-health threat added up to several hurricanes worth of local economic upheaval across the U.S.

Yelp: Coronavirus Economic Impact Report

Consumers are responding to fears of infection, social distancing recommendations, stay-at-home orders, and mandated business closures by changing their behavior around eating, shopping, planning their finances, managing their homes, new…

Local Economies’ 2019 Slump Looks Likely to Continue, According to Yelp’s Economic Average

Most local economies nationwide slumped in 2019, according to Yelp data, dragged down by weakness in restaurants and retail. As the local economy goes, so goes the national economy. The…

Yelp reviews show a significant rise in consumer eco-consciousness

As the conversation around climate change heats up, consumers are increasingly taking note of the eco-friendly initiatives practiced at the businesses they’re patronizing. But we had to wonder, just how…

California’s Urban Centers Are Stagnating, According to Yelp’s Economic Average

Yelp’s Economic Indicator Is Up By 0.07% Nationally, A Possible Signal Of GDP Growth  Yelp’s measure of the strength of local economies nationwide shows a modest rebound in the third…

Study shows 97% of people buy from local businesses they discover on Yelp

When people discover a business on Yelp, they’re ready to buy, according to a recent survey. In fact, the study from SurveyMonkey found that 97% of people spend money with…

Yelp Releases ‘Modern Love and Household Responsibilities’ Survey

Summer is well underway and that means pool parties, ice cream and fun in the sun. It also means doing not-so-fun things like mowing the lawn, fixing the AC, cleaning…

Yelp Data Identifies Five Boomtowns Around The Country, Amid Sluggish Economy

Milwaukee. Honolulu. Portland, Maine. Memphis. Louisville. These five cities anchor metro areas with the country’s strongest combination of business growth and consumer demand, according to the Yelp Economic Average —…

The Yelp Economic Average Uncovers Possible Ride-sharing Effect: Auto Businesses Slump in First Quarter of 2019

The people who power the local economy started the year on the right foot. The Yelp Economic Average rose by eight tenths of a point in the first quarter of…

Yelp’s Local Economic Outlook: Home Automation is on the Rise

Today we’re releasing the third installment of Yelp’s Local Economic Outlook, a program to rank U.S. metro areas by the pace of growth in their local-business population. This program is…

Predicting Business Revenue with Yelp Consumer Metrics