RERI Reports

Regional Economic Indicators: September 2024 Report

September 03, 2024 / RERI Research Team

The RERI has published Regional Economic Indicators for September 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.

SWFL Real Estate: Third Quarter 2024 Report

September 03, 2024 / RERI Research Team

The residential market continued to level off during Q2 2024, as evidenced by the latest data available. Single-family home sales in the region have plateaued over the past quarters and remain below their 2022 apex, with declines primarily concentrated across the coastal counties. Single-family and condominium real median prices in the region also continued to fall, with declines observed in most Southwest Florida counties.

Regional Economic Indicators: August 2024 Report

August 05, 2024 / RERI Research Team

The RERI has published Regional Economic Indicators for August 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: Automation in Southwest Florida

August 05, 2024 / RERI Research Team

With rapid advances in technology, workforce shortages, and industry seeking ways to cut costs and improve efficiencies, automation in the workforce is in the forefront of labor market conversations. Understanding the risk of automation across occupations and industries can help us identify which occupational groups may have a greater need for upskilling or reskilling. Likewise, predicting which geographies automation may be a higher risk in can better position workers, employers and local economies to thrive with these changes.

Lee EBCS: Third Quarter 2024 Report

August 01, 2024 / RERI Research Team

Data from the second quarter of 2024 suggests that the national economy is beginning to slow, though signals are still mixed. While the labor market remains strong, the seasonally-adjusted unemployment rate rose slightly to 4.1 percent in June, marking the highest level since October 2021. In contrast, advanced estimates for real gross domestic product (GDP) were more optimistic, showing a 2.8 percent annualized increase and surpassing expectations for the second quarter of 2024. This followed a weak first quarter when real GDP grew at a meager 1.4 percent annualized rate. GDP gains come as sentiment among consumers, who represent roughly two-thirds of total GDP, fell during the second quarter, dropping 11.2 points from March to June 2024. Commentary from the June survey suggested that consumers continue to express concerns about high prices and weakening incomes on their personal finances.

Collier EBCS: Third Quarter 2024 Report

August 01, 2024 / RERI Research Team

Data from the second quarter of 2024 suggests that the national economy is beginning to slow, though signals are still mixed. While the labor market remains strong, the seasonally-adjusted unemployment rate rose slightly to 4.1 percent in June, marking the highest level since October 2021. In contrast, advanced estimates for real gross domestic product (GDP) were more optimistic, showing a 2.8 percent annualized increase and surpassing expectations for the second quarter of 2024. This followed a weak first quarter when real GDP grew at a meager 1.4 percent annualized rate. GDP gains come as sentiment among consumers, who represent roughly two-thirds of total GDP, fell during the second quarter, dropping 11.2 points from March to June 2024. Commentary from the June survey suggested that consumers continue to express concerns about high prices and weakening incomes on their personal finances.

Issue Brief: Entrepreneurs in College

July 11, 2024 / RERI Research Team

Entrepreneurial activity is a crucial component of any growing economy. Entrepreneurs are inherently risk-takers that inject new ideas, products and services into the market, bringing with them job creation and economic growth to their local economy. Many programs at higher education institutions, including Florida Gulf Coast University, offer programs tailored toward helping entrepreneurs launch their business. However, measurement of entrepreneurs attending college programs is sparse, with limited data collected on them. In this issue brief, we attempt to define an “entrepreneur in college” to gain a better understanding of this demographic.

Regional Economic Indicators: July 2024 Report

July 03, 2024 / RERI Research Team

The RERI has published Regional Economic Indicators for July 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.