RERI News

Issue Brief: Disconnected Young Adults in Southwest Florida

December 09, 2024 / RERI Research Team

The post-high school graduation period is pivotal time in a young adult’s life. This is when many individuals transition to adulthood and begin establishing the foundational skills and experiences that will shape their future. During these years, young adults often pursue higher education, vocational training, or early career opportunities, all of which help them build critical competencies like problem-solving, teamwork, and self-discipline. These developmental years are also crucial for forming professional networks, gaining financial independence, and exploring pathways that align with their long-term goals. On the other hand, becoming disconnected from educational institutions and the labor force during this period can have long-lasting consequences, potentially hindering economic mobility and personal growth.

Regional Economic Indicators: December 2024 Report

December 09, 2024 / RERI Research Team

The RERI has published Regional Economic Indicators for December 2024. 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.

Issue Brief: Southwest Florida Arts Sector Analysis

December 06, 2024 / RERI Research Team

Data from the U.S. Bureau of Economic Analysis (BEA) shows that the nation’s arts and culture sector value added was over $339 billion dollars in the second quarter of 2024, accounting for about 1.2 percent of the country’s total GDP in the quarter. In Florida alone, the BEA estimates the arts GDP at $24.6 billion in 2023. The American for the Arts organization released their sixth economic impact study of the nonprofit arts and culture industry in the U.S in 2023. Their report points to over 120,000 nonprofit business in the arts and culture sector in the country contributing directly and indirectly to the economy and provides some local estimates as well including Lee County and Collier County.

Collier EBCS: Fourth Quarter 2024 Report

December 02, 2024 / RERI Research Team

Despite challenges from political uncertainty, labor disputes, and natural disasters, the national economy remained resilient through October 2024. The national unemployment rate measured at 4.1 percent in October 2024, staying within the range often considered “full employment” for an economy. Real GDP advance estimates for the third quarter showed an annualized growth rate of 2.8 percent primarily driven by consumer spending on goods and services. Reflecting this growth, consumer sentiment rose 2.5 points in November 2024, according to preliminary findings from the University of Michigan Survey of Consumers. In their press release, the University of Michigan does note that preliminary findings in their November figures were derived from surveys that concluded before the results of the 2024 election.

Lee EBCS: Fourth Quarter 2024 Report

December 02, 2024 / RERI Research Team

Despite challenges from political uncertainty, labor disputes, and natural disasters, the national economy remained resilient through October 2024. The national unemployment rate measured at 4.1 percent in October 2024, staying within the range often considered “full employment” for an economy. Real GDP advance estimates for the third quarter showed an annualized growth rate of 2.8 percent primarily driven by consumer spending on goods and services. Reflecting this growth, consumer sentiment rose 2.5 points in November 2024, according to preliminary findings from the University of Michigan Survey of Consumers. In their press release, the University of Michigan does note that preliminary findings in their November figures were derived from surveys that concluded before the results of the 2024 election.

Regional Economic Indicators: November 2024 Report

November 04, 2024 / RERI Research Team

The RERI has published Regional Economic Indicators for November 2024. 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.

Issue Brief: Southwest Florida Employers Skills Gap

November 01, 2024 / RERI Research Team

In September 2022, FGCU in partnership with FutureMakers Coalition at Collaboratory received $23 million from the U.S Department of Commerce's Good Jobs Challenge grant. This funding led to the creation of The Southwest Florida Equitable Jobs Pipeline (EJP), a regional initiative that aims to train local job seekers in employer-demanded skills and ultimately place these job seekers into gainful jobs in the region within four key sectors: Healthcare, PK-12 Education, Manufacturing and Logistics.

Regional Economic Indicators: October 2024 Report

October 14, 2024 / RERI Research Team

The RERI has published Regional Economic Indicators for October 2024. 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.