Rick Harper

Economic Report
3:23 pm
Fri June 20, 2014

Harper: Oil Spill Recovery Act Good For Local Economy

Credit University of West Florida

In this week’s Economic Report, Dr. Rick Harper begins with the latest from Federal Reserve Chairwoman Janet Yellen.

On Wednesday, Yellen announced that the Fed will continue its current monetary policy, cutting its monthly bond purchases by another $10 billion per month and keeping its key federal funds rate near zero. Further, she told a news conference that inflation was expected to move gradually back to the central bank's 2 percent target.

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Economic Report
6:00 am
Fri June 6, 2014

Harper: More Signs Of A Strengthening Economy

Dr. Rick Harper
Credit University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses more signs of a strengthening economy on a national level.

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Economic Report
4:29 pm
Thu May 29, 2014

Harper: Slight Economic Decline Not All Bad

Credit UWF

In this week’s Economic Report, Dr. Rick Harper discusses a report that shows the nation’s economy shrank in the first quarter of 2014, the first downturn since early 2011.

The government initially said first quarter GDP grew at a 0.1% annual rate. That figure was revised downward to -0.1%.

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Economic Report
6:20 pm
Fri May 2, 2014

Harper: Flooding Expensive For Governments, Residents

Dr. Rick Harper
Credit University of West Florida

In this week's Economic Report, Dr. Rick Harper discusses the recent flood event and the expected high cost of repairing the damage to roads, infrastructure and other government and private property, likely in the hundreds of millions of dollars in each case.

The unexpectedly large volume of rainfall, up to 27 inches in some areas, brought floodwaters to some areas that had never flooded before. That means many homeowners will be forced to foot the bill for repairs themselves. 

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Economic Report
5:00 am
Fri April 25, 2014

Harper: State And Local Job Growth On The Upswing

Dr. Rick Harper
Credit Uiniversity of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the work to be done to come up with a budget agreement during the final week of the 2014 Florida Legislative Session.

Unlike the federal government, the state must have a balanced budget. According to Harper, one indicator of a healthier state economy since the Recession is that Florida no longer has to dip into its reserves to pay the state’s debt service. “We’re now back down to the level where the state is actively contributing to reserves,” he says.

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Economics with Rick Harper
4:02 pm
Thu April 17, 2014

Harper: Florida Made-For-Trade, Interest Rates, & Tax Day

Credit Uiniversity of West Florida

Time now for our weekly review of the region’s economy with Dr. Rick Harper – Director of the UWF Office of Economic Development and Engagement, and advisor to the Florida Senate.

Interview Highlights:

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Economic Report
12:26 pm
Fri April 11, 2014

First-Time Jobless Claims At Lowest Level Since 2007

Dr. Rick Harper
Credit Uiniversity of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the latest report from the U.S. Labor Department regarding the number of Americans filing for first-time jobless claims. Initial claims for state unemployment benefits dropped 32,000 to a seasonally adjusted 300,000 for last week. That was the largest decline since December 2012, and marked the lowest level since May 2007.

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Economic Report
5:00 am
Fri April 4, 2014

Harper: Tepid Job Market To Keep Interest Rates Low

Dr. Rick Harper
Credit University of West Florida

In this week’s Economic Report, Dr. Rick Harper reflects on the latest comments by Janet Yellen, Chair of the Federal Reserve.  Yellen says there’s still a need to boost the nation’s job market, with a continuation of low interest rates until it improves.

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Economic Report
3:12 pm
Thu March 27, 2014

Harper: GDP, Jobless Claims Show Continued Economic Recovery

Dr. Rick Harper
Credit Uiniversity of West Florida

In this week’s Economic Report, Dr. Rick Harper looks at the latest Gross Domestic Product (GDP) figures. According to revised data released Thursday (March 27) by the Commerce Department, GDP grew at an annual pace of 2.6 percent in the fourth quarter of 2013. The growth rate is slightly better than the 2.4% estimate published in February, but was down from 3.2% originally reported in January. Harper says “Overall, it’s a pretty good report,” noting increases in 1) consumer spending, 2) business investment spending, and 3) exports.

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Economic Report
2:46 pm
Thu March 20, 2014

Harper: Yearly Job Growth In Northwest Florida Trends Upward

Dr. Rick Harper
Credit University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses U.S. Federal Reserve Chairwoman Janet Yellen’s first press conference on Capitol Hill. “It’s steady as she goes for Janet Yellen,” says Harper. He says it wasn’t notable for any change in policy, but for the same rookie error made by her predecessors Alan Greenspan and Ben Bernanke. “She made the mistake of being too direct in a response to a reporter’s question, and that sent the financial markets into a bit of a tizzy.”  

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