July 2015 Southwest Florida Regional Economic Indicators Report

Dear Friend of the Lutgert College of Business,

It is my pleasure to provide you the July 2015 Southwest Florida Regional Economic Indicators Report. This report is provided by the Regional Economic Research Institute of the Lutgert College of Business at Florida Gulf Coast University.

The U.S. economy grew at 2.3 percent in the second quarter of 2015, the Commerce Department reported on July 30. This figure, which is sure to be revised, fell below most economists’ estimates and follows a weaker first quarter growth rate of 0.6 percent, itself an upward revision from previous estimates that indicated contraction. While many economists project stronger growth during the remainder of 2015, a Federal Reserve staff forecast inadvertently released to the public in June predicted overall growth of 1.55 percent for the year. Nonetheless, the Fed hinted in its June policy statement it sees enough strength in the labor market to justify raising its short-term interest rate target. The decision to “remove policy accommodation” may yet be delayed by events in China and Greece, as well as trends in retail sales and oil prices.

Seasonally-adjusted regional taxable sales for April 2015 were up seven percent ($126 million) over April 2014. Seasonally-adjusted tourist tax revenues for May 2015 were up three percent for the region encompassing Collier, Lee, and Charlotte counties. May 2015 passenger activity for the three Southwest Florida airports was four percent higher than the May 2014 figure. Another positive sign came from Realtor® sales of existing single-family homes, with the three coastal counties reporting an eight percent increase from June 2014 to June 2015, along with increases in median prices.

The seasonally-adjusted unemployment rate for the five-county region dropped to 5.2 percent in June 2015 compared to 6.1 percent a year earlier, while unemployment for the state of Florida was 5.5 percent in June 2015, a decrease of eight-tenths of a percent in June 2014. The national unemployment rate in June 2015 was 5.3 percent, down from 6.1 percent in May 2014. The June 2015 national, state, and regional unemployment rates all showed improvement from the previous month.

The June Bureau of Labor Statistics Establishment Survey showed that national nonfarm payroll employment increased by 223,000 for the month, a decrease of 31,000 from May. Employment growth nationally averaged 245,000 per month over the last 12 months. The June employment increases included 64,000 in professional and business services, 40,000 in health care, 33,000 in retail trade, 22,000 in leisure and hospitality, 20,000 in financial activities, and 17,000 in transportation and warehousing. June decreases in employment included 4,000 in mining. Employment in construction, manufacturing, wholesale trade, information, and government showed little or no change over the month.

Please see the rest of the report for more detail.

Our sincere thanks to the individuals and organizations who contribute to this report. These include the Southwest Florida Regional Planning Council, the Economic Development Organizations of Charlotte, Collier, and Lee Counties, the Convention and Visitors Bureaus of Collier and Lee Counties, the regional airport authorities, the Realtors® of Lee and Collier County, the University of Florida Survey Research Center, and the county and city permit offices.

Best,

Chris Westley


Christopher Westley, Ph.D.
Director, Regional Economic Research Institute
and Professor of Economics
Lutgert College of Business
Florida Gulf Coast University

E-mail: cwestley
Office: (239) 590-7090


“Florida has a very broad public records law. As a result, any written communication created or received by Florida Gulf Coast University employees is subject to disclosure to the public and the media, upon request, unless otherwise exempt. Under Florida law, e-mail addresses are public records. If you do not want your email address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.”

July 2015 Southwest Florida Regional Economic Indicators Report.pdf

Health Fair and Jobs

This information provided by
The Lee County
Human Services Information Network

A partnership between Lee County Human Services, United Way 211, the Southwest Florida Community Foundation, and the Cape Coral Community Foundation
….to provide a forum for information exchange and coordination among providers and the community to enhance the availability and delivery of human services….

"The Lee County Department of Human Services, United Way 211, the SWFL Community Foundation, and the Cape Coral Community Foundation do not assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, events, activities, product, or process disclosed in this email. The views, findings, conclusions, recommendations, or opinions of the originators expressed do not necessarily reflect those of the above entities"

Hispanic Health Fair.pdf
Bookkeeper Ad 2015.pdf
Two LARC Jobs.pdf
Controller (July-August 2015).pdf

Cape Coral HSIN Meeting

This information provided by
The Lee County
Human Services Information Network

A partnership between Lee County Human Services, United Way 211, the Southwest Florida Community Foundation, and the Cape Coral Community Foundation
….to provide a forum for information exchange and coordination among providers and the community to enhance the availability and delivery of human services….

"The Lee County Department of Human Services, United Way 211, the SWFL Community Foundation, and the Cape Coral Community Foundation do not assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, events, activities, product, or process disclosed in this email. The views, findings, conclusions, recommendations, or opinions of the originators expressed do not necessarily reflect those of the above entities"

CC HSIN Invite – August 2015.pdf

Jobs and Workshops

This information provided by
The Lee County
Human Services Information Network

A partnership between Lee County Human Services, United Way 211, the Southwest Florida Community Foundation, and the Cape Coral Community Foundation
….to provide a forum for information exchange and coordination among providers and the community to enhance the availability and delivery of human services….

"The Lee County Department of Human Services, United Way 211, the SWFL Community Foundation, and the Cape Coral Community Foundation do not assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, events, activities, product, or process disclosed in this email. The views, findings, conclusions, recommendations, or opinions of the originators expressed do not necessarily reflect those of the above entities"

United Way 211 Job.pdf
Special Needs Teacher.pdf
NNHS Teaching Flyer.pdf
August NonProfit Workshops.pdf

Dia del Nino – August 8th!

Please find the flyer attached for this upcoming event! Thank you!

Clara Alevy | Parent Resource Specialist | PEN | Parent Education Network

A Family Network on Disabilities Program

2196 Main Street | Suite K | Dunedin, FL 34698

T: 727.523.1130 | F: 727.523.8687 C: 239.265.3442

clara

Sign up for our Email Newsletter

How You Can Get Involved

fndusa.org

"Striving for complete integration and

equality of people with disabilities

in a society without barriers."

June 2015 Southwest Florida Regional Economic Indicator Report

Dear Friend of the Lutgert College of Business,

It is my pleasure to provide you the June 2015 Southwest Florida Regional Economic Indicators Report. This report is provided by the Regional Economic Research Institute of the Lutgert College of Business at Florida Gulf Coast University.

A revised first quarter real GDP estimate indicated U.S. economic output fell 0.7 percent, and although there are concerns about data collection problems resulting in weaker-than-average first quarter measures for GDP in recent years, the general consensus is that the higher-than-expected trade deficit contributed to the revision. In the third and fourth quarters of 2014, GDP increased 5.0 and 2.2 percent, respectively. In contrast, the Southwest Florida economy continued to exhibit strong growth in June compared to last year. In general, the regional economic data suggest an economy still in a strong recovery mode as we move into a slower summer season.

While the second quarter GDP figures for 2015 are expected to show improvement, the national economy continues to exhibit conflicting signals, with strong monthly jobs reports and wage pressure associated with the boom phase of the business cycle, coupled with weak manufacturing output. Meanwhile, statements emanating from the recent Federal Reserve’s Open Market Committee meeting (see below) reiterated its intention to begin a slow, calculated process to raise short-term rates and inch away from the zero-bound interest rate policy it has maintained since December 2008.

Seasonally-adjusted regional taxable sales for March 2015 were up 10 percent over March 2014. Seasonally-adjusted tourist tax revenues were up nine percent for the region encompassing Collier, Lee, and Charlotte counties. April 2015 passenger activity for the three Southwest Florida airports was four percent higher than the April 2014 figure. Continuing the positive trend, Realtor® sales of existing single-family homes for the three coastal counties in May 2015 were up two percent over May 2014, along with substantial increases in median prices.

The seasonally-adjusted unemployment rate for the five-county region was 5.6 percent in May 2015 compared to 6.4 percent a year earlier, while Florida’s unemployment rate amounted to 5.7 percent in May 2015, down from 6.3 percent in May 2014. The national unemployment rate in May 2015 was 5.5 percent, down from 6.3 percent in May 2014. The May 2015 national, state, and regional unemployment rates were each 0.1 points higher than the previous month. The number of long-term unemployed in the U.S. (those jobless for 27 weeks or longer) was 2.5 million in May 2015, which is a 25.3 percent decrease from May 2014 and 28.6 percent of all unemployed.

The May Bureau of Labor Statistics Establishment Survey showed that national nonfarm payroll employment increased by 280,000 for the month, an increase of 59,000 from April. Employment growth nationally has averaged 251,000 per month over the last 12 months.

Our sincere thanks to the individuals and organizations who contribute to this report. These include the Southwest Florida Regional Planning Council, the Economic Development Organizations of Charlotte, Collier, and Lee Counties, the Convention and Visitors Bureaus of Collier and Lee Counties, the regional airport authorities, the Realtors® of Lee and Collier County, the University of Florida Survey Research Center, and the county and city permit offices.

Best,
Chris Westley


Christopher Westley, Ph.D.
Director, Regional Economic Research Institute
and Professor of Economics
Lutgert College of Business
Florida Gulf Coast University

E-mail: cwestley
Office: (239) 590-7090


“Florida has a very broad public records law. As a result, any written communication created or received by Florida Gulf Coast University employees is subject to disclosure to the public and the media, upon request, unless otherwise exempt. Under Florida law, e-mail addresses are public records. If you do not want your email address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.”

June 2015 Regional Economic Indicators Report Final.pdf

Call for Nominations- Dean Blietz Award

The Lee County Homeless Coalition is pleased to issue a call for nominations for the Dean Blietz Annual Memorial Award for outstanding volunteer contributions. This award will be given to an individual who has demonstrated long-term, selfless dedication to serving our community. We will present the award at the 11th Annual Dinner and Silent Auction on November 9, 2015. Please see the attached documents for more information.

Thank you,

Janet Bartos, Executive Director

Lee County Homeless Coalition

1500 Colonial Boulevard, Suite #235

Ft. Myers, FL 33907

Telephone: (239) 322-6600

Email: janet

Website: www.leehomeless.org

Dean Blietz Annual Memorial Award Letter.doc

Dean Blietz nomination form 2015.pdf

Junior League of Fort Myers event on June 6th!

On June 6th Junior League of Fort Myers will host a free, open to the public event at the STARS Complex (2980 Edison Ave, Fort Myers, FL 33916). This event will be geared towards children and their families. The Junior League of Fort Myers would like to extend to you and your nonprofit organization the opportunity to come and set up a table to discuss your mission and vision with any participants that will be on site that day. It will be a wonderful chance for exposure of your services! If you are interested in joining us, please contact Holly Rousseau at: [email protected]

JL Flyer kick off flyer .pdf