Regional Economic Research Institute

Regional Economic Indicators: January 2023 Report

January 03, 2023 / RERI Research Team / Tags: Regional Economic Indicators, Reports

The RERI has published Regional Economic Indicators for January 2023. The monthly publication represents a collection and analysis of economic indicators including airport passenger activity, taxable sales, tourist tax revenues, labor force, employment, real estate, and consumer sentiment for the Southwest Florida workforce region.

Industry Diversification Project: Fourth Quarter 2022 Report

December 22, 2022 / RERI Research Team / Tag: Industry Diversification Project

The RERI has published the Industry Diversification Report for the fourth quarter of 2022. The goal of the IDI is to measure industry diversification and, by extension, that of the workforce, in each of Florida’s 24 workforce regions, the state of Florida, and the remaining 49 states. The index measure is computed quarterly, soon after the release of workforce data from the Florida Department of Economic Opportunity’s Quarterly Census of Employment and Wages. It spans from 0 to 10, with 0 signifying no diversification (or an economy characterized by a single industry), and 10 signifying perfect diversification (no concentration).

Collier EBCS: Fourth Quarter 2022 Report

December 01, 2022 / RERI Research Team / Tags: Collier County, Executive Business Climate Survey

The national economic scenario continues to present a blurred picture. In an effort to stabilize inflation, the Federal Reserve increased the federal funds rate by 0.75 basis points in November 2022, representing the highest level since January 2008. There is still some debate among economists as to whether this will produce a recession. While the housing market has been cooling down, consumers continue to maintain their expenditure level.