The Livingston Survey which began in 1946 is the oldest continuous survey of economists’ expectations. The Federal Reserve Bank of Philadelphia has released results from the December survey. Bob Chase, senior economist at EPR has been a member of the Livingston Survey since the early 1990s.
Forecasters in the December survey project that the economy’s output (real GDP) will grow at an annual rate of 3.1 percent for the second half of 2014 and output will grow at 2.9 percent in the first half of 2015. Forecasters see the unemployment rate falling next year from 5.7 percent in December 2014 to 5.4 percent in December 2015.
Go to Federal Reserve Bank of Philadelphia for further information and results: http://www.phil.frb.org/research-and-data/real-time-center/livingston-survey/index.cfm
The BLS announced another month of job gains for the United States in November, with nonfarm payroll employment increasing by 321,000. The unemployment rate remained at 5.8%. The number of long term unemployed did not change significantly. In another positive, nonfarm employment for September was revised up from 256,000 to 271,000, and for October was revised up from 214,000 to 243,000. check out the full BLS release here:
Tis the Season… For the Third Quarter 2014 VBR/EPR Business Conditions Survey! The Business Conditions Survey is conducted in partnership between the Vermont Business Roundtable and Economic & Policy Resources. The nine question survey of the 97 members of the Vermont Business Roundtable captures a glimpse of how Vermont business leaders see the state economy. The survey asks business leaders how their businesses have fared in the recent past and how they view the future. Sentiments regarding the current and expected business climate and the expected impact on hiring and investing decisions are also surveyed. Included in the standard survey is a question asking roundtable members for opinions on a current debate in public policy. Along with providing a snapshot of the Vermont business climate, the survey allows Vermonters to see how these markers change over time. Look for the VBR-EPR Business Conditions Survey to come out soon in early December. In the meantime you can see the results of the previous survey at:
You can watch EPR’s Amanda Wassel talk about the second quarter survey on CCTV channel 17:
And look here this weekend to watch Amanda talk about the new third quarter survey, and see air times for local TV:
Total nonfarm payroll employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care.