Keeping you in the loop.

Vermont Emergency Board Presentation (May 2018)


On May 7, 2018, Jeffrey Carr of EPR presented the updated consensus revenue analysis of expected fiscal year 2018 General Fund receipts before the Vermont Emergency Board.  Click the PDF below to download a copy of the Economists’ May 7, 2018 Consensus Revenue Analysis Letter. 

The consensus was that General Fund receipts for fiscal year 2018 would likely not be less than $44.2 million above the fiscal year 2018 consensus revenue forecast approved by the Vermont Emergency Board on January 18, 2018.  The updated revenue analysis for the General Fund for fiscal year 2018 did not include any analysis of likely General Fund revenue receipts for fiscal year 2019 or fiscal year 2020.  An updated consensus revenue forecast for fiscal years 2019 through 2021 for the General Fund, and for the Transportation Fund and Education Fund will be presented at the next meeting of the Vermont Emergency Board to be convened around mid-to-late July of calendar year 2018.


BLS Releases April 2018 Employment Situation (May 2018)


Employers added 164,000 nonfarm payroll jobs in April of 2018, according to the Bureau of Labor Statistics.  The unemployment rate edge down at 3.9 percent.

Job gains occurred in professional and business services, manufacturing, mining, and health care. The number of jobs in professional and business services increased by 54,000, manufacturing jobs increased by 24,000 over the month, while health care gained 24,000 jobs.  Mining jobs increased by 8,000.

Job growth in March 2018 was revised to 135,000, up from the initially estimated 103,000.  Over the past three months, job growth has averaged 208,000 additions a month. 

Average hourly earnings rose by four cents to $26.84. Over the year, average hourly earnings have risen 2.6 percent.  

The full BLS press release on the April 2018 employment situation can be accessed in the .pdf below:




The next employment situation report for May 2018 will be released on Friday, June 1, 2018. 


BEA Releases Advance Estimate of First Quarter GDP (Apr. 2018)


The Bureau of Economic Analysis released its “advance” estimate of first quarter 2018 Gross Domestic Product.  The advance estimate is based on data that is subject to further revision compared to the “second” estimate. The advance estimate shows that real GDP increased at an annual rate of 2.3 percent during the first quarter of 2018. 

The increase in real GDP in the first quarter reflected increases in personal consumption expenditures, nonresidential fixed investment, exports, private inventory investment, federal government spending, and state and local government spending.  Imports, which is subtracted in the GDP calculation, increased. 

The full BEA press release on the second estimate of fourth quarter GDP can be accessed in the link below:

The next release—for the second estimate of first quarter GDP 2018 will be released on May 30, 2018. 


IIUSA EB-5 Advocacy Conference & Industry Achievement Banquet in Washing, DC (April 2018)


Subject: Invest in the USA Economic Impact Report:  Highlights EB-5 Program Contribution Across the Country, 4/25/18. 

Jeffrey B. Carr was part of a panel presentation regarding the economic contribution to the U.S. economy by the EB-5 Immigrant Investor Visa Program.  The program in 2015-16 made significant positive contributions to the U.S. Economy and accounted for a measurable proportion of total net U.S. job growth in thosei years.  

Please see his presentation in pdf form below.


BLS Releases March 2018 Consumer Price Index (April 2018)


According to the Bureau of Labor Statistics, the Consumer Price Index for all urban consumers (CPI-U) decreased 0.2 percent in March of 2018 on a seasonally-adjusted basis.  An decrease in the index for gasoline was the main contributor to the monthly increase.

Excluding the volatile costs of food and energy, the index for all items less food and energy rose by 0.2 percent in March.  The indexes for shelter, medical care, personal care, motor vehicle insurance, and airline fares increased in March.

The all items index has risen 2.4 percent over the last 12 months ending in March, the largest increase since the period ending March 2017.  

The full press release can be found via the link below.

Next release is Thursday, May 10, 2018, for the April 2018 Consumer Price Index.


Client Resources

EPR has complied a list of valuable resources that benefit our clients. Read through our whitepapers and published articles to learn more about how our services can be of help.

Read More

BLS Releases March...

Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the...

Read More