4th of July

In this week’s Economic Report, Dr. Rick Harper discusses the importance of the Fourth of July holiday weekend to local beach tourism and his latest viewpoint on wage growth.

First, visitors and locals alike will be celebrating Independence Day across the gulf coast this weekend.

According to Harper, the forward looking indicators are very strong.

“We’re seeing low gas prices, lowest they’ve been really in about five years,” he said. “We’re also seeing job growth.”

Danielle Freeman

Americans will be celebrating the nation’s 239th birthday this weekend; many will be headed to the beach. The Okaloosa Beach Safety Unit shared some tips on how to enjoy the sun, sand and surf in a safe way.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the latest first quarter revision of the gross domestic product (GDP).  According to the Bureau of Economic Analysis, GDP shows a 2.9% drop in the annual rate in January through March, the weakest quarter for the U.S. economy since the Great Recession.