News

Keeping you in the loop.

BEA Releases Second Estimate of Second Quarter GDP and Preliminary Estimate of Second Quarter Corporate Profits (Aug. 2017)

09.26.2017

The Bureau of Economic Analysis released its “second” estimate of second quarter 2017 Gross Domestic Product.  The second estimate is based on more complete data than the “advance” estimate. 

The second estimate shows that real GDP increased at an annual rate of 3.0 percent during the second quarter of 2017.  In the first quarter of 2016, real GDP increased 1.2 percent (revised).

The increase in real GDP in the second quarter reflected increases in personal consumption expenditures, and nonresidential fixed investments were larger than previously estimated. These increases were partly offset by a decrease in state and local government funding.  

I
mports, which is subtracted in the GDP calculation, increased. 

Corporate profits from current production increased $26.8 billion in the second quarter, compared to a decrease of $46.2 billion in the first quarter. 

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

The next release—for the third estimate of second quarter GDP 2017 will be released on September 28, 2017. 


PDF

NESTOA Session Presentation by Jeffrey B. Carr on 9/21/17, regarding the economic outlook (9/2017)

09.22.2017

This is the Presentation version of the PowerPoint given by Jeffrey B. Carr to the NESTOA session regarding the economic outlook on September 21, 2017, in Stowe, Vermont.  A version which includes state-by-state job change statistics including the States of Delaware and Maryland in the Northeast Totals and the Mid-Atlantic Region will be posted below shortly.


PDF

NESTOA Session Presentation by Jeffrey B. Carr on 9/21/17, regarding the economic outlook, including States of Delaware and Maryland (9/2017)

09.22.2017

This is the Presentation version of the PowerPoint given by Jeffrey B. Carr to the NESTOA session regarding the national and northeast regional economic outlook on September 21, 2017, in Stowe, Vermont.  This version does include state-by state job change statistics in the States of Delaware and Maryland in the Northeast Totals and in the Mid-Atlantic region.


PDF

BLS Releases August 2017 Employment Situation (Sept. 2017)

09.01.2017

Employers added 156,000 nonfarm payroll jobs in August of 2017, according to the Bureau of Labor Statistics.  The unemployment rate was unchanged at 4.4 percent.

Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. The number of jobs in professional and business services increased by 22,000 over the month, while manufacturing gained 36,000 jobs and construction gained 28,000 jobs.

Job growth in July 2017 was revised to 189,000, down from the initially estimated 209,000.  Over the past three months, job growth has averaged 185,000 additions a month. 

Average hourly earnings rose by three cents to $26.39, following a nine-cent increase in July. Over the year, average hourly earnings have risen 2.5 percent.  

The full BLS press release on the August 2017 employment situation can be accessed in the .pdf below:

The next employment situation report for April 2017 will be released on Friday, October 6, 2017. 


PDF

BLS Releases July 2017 Consumer Price Index (Aug 2017)

08.11.2017

The Bureau of Labor Statistics (BLS) released its report on the July 2017 Consumer Price Index (CPI) today.

On a seasonally-adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose slightly in July, with an increase of 0.1%. Unadjusted, the index for all items saw a 1.7% increase over the past 12 months.

The energy index decreased for the third month in a row in July, dropping 0.1%. Most noticeable is the drop in the index for piped utility gas, which dropped 2.3% on a seasonally-adjusted basis.

The food index rose 0.2% in July after experiencing no change in June. The beef and veal index continued to rise in July, but at a slower rate, seeing an increase of 1.2%.

The index of all items less food and energy saw an increase of 0.1% in July. In particular, the shelter index—a measure of rent, mortgage payments, and lodging—rose 0.1% in July, its smallest increase since March. Reflected in the shelter index was the sharp decline of 4.2% in the cost of lodging away from home.

In a separate BLS report, average weekly earnings for private-sector workers, adjusted for inflation, increased 0.2% in July from the prior month. A year earlier, inflation-adjusted weekly earnings were up 1.1%.

The next CPI release is scheduled for Thursday, September 14.

The full release including data, summaries, and more information can be accessed via the PDF below:


PDF

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

Listen to Jeff...

Jeff Carr was recently invited to participate on a podcast hosted by prominent EB-5 immigration attorney Mona Shah of Mona Shah & Associates Global (“MSA Global”) to discuss EPR’s newly released study on the economic impact of the...


Read More