Keeping you in the loop.

BEA Releases Third Quarter GDP Estimate (third revision) (Dec. 2014)


The BEA released the third estimate of Third Quarter GDP on December 23rd.  The report showed GDP increasing at a 5.0% annualized rate in the third quarter, which was the largest quarterly percentage increase since 2003.  The 5.0% increase represented 1.1% increase over the previous estimate released in November.  The year started off on a sour note, with GDP decreasing at 1.4% annualized rate in the first quarter, but the BEA has reported strong growth of 4.6% and 5.0% in the second and third quarters respectively.  Combined with the continuing decline in unemployment in 2014, there is much to be thankful for as we ring in the New Year.

Check out the BEA release here:



Vermont Business Round Table/EPR Third Quarter Business Conditions Survey Released (Dec. 2014)


The VBR/EPR Business Conditions Survey for the third quarter 2014 has been released. For the third quarter in a row most responses said that the state's business outlook was neutral to mildly optimistic, employers continue to have difficulty finding qualified workers and the manufacturing sector continued to be the most optimistic.

Watch EPR's Amanda Wassel discuss the survey online and find broadast times here:

Also read the report here:

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.

Livingston Survey Forecasters Predict Steady Growth and Lower Unemployment (Dec. 2014)


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:

BLS Releases November Employment Data (Dec. 2014)


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:

Panel Presentation: Inaugural Vermont Development Conference (Dec. 2014)


On November 4, 2014, Jeffrey Carr of EPR participated in a panel discussion of the “Meet the Lenders” panel at Vermont’s First Development Conference held at the Double Tree Conference Center in South Burlington.  Mr. Carr presented an overview of the U.S. and Vermont Economic Outlook for 2015 for attendees.

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BLS Releases August...

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in August on a seasonally adjusted basis after rising 0.6 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the...

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