Economic and Travel Indicator
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1 Economic and Travel Indicator February 216 If you have any questions, please contact: Economic and Labor Market Information Division Released April 4, 216
2 VERMONT ECONOMIC AND TRAVEL INDICATORS FEBRUARY 216 Labor Market & Business Activity visit our web site at: Employment (NonFarm,S.A.,Thousand) * % 1.5% Avg. Weekly Hours (Manufacturing) * % -.3% Unemployment Rate (S. A. %) % -8.1% U.I. Initial Claims 3,36 3,474 3, % 5.9% U.I. Exhaustees % -16.7% Passenger Car Registrations 25,548 23,247 24, % 2.8% Total Current Car Registrations 423, ,31 42,754.%.8% Total Current Pick-Up Truck Reg. 16,35 16,56 15,129.%.9% Bank Deposits - Survey ($Million) 7,193 7,311 6, % 4.5% Business Formations ** % 25.5% Airport Enplanements (B.I.A.) 45,975 42,913 43, % 5.5% * Current Month numbers are preliminary, Last Month & Year Ago are revised. ** Not comparable to previoius issues, State Tax Revenues ($Million) Current Fiscal Year FYTD Month To Date Last Year Last Year Last FYTD General Fund % 5.2% Personal Income % 12.4% Sales & Use % 1.1% Corporate Income NA -5.6% Rooms & Meals % 3.4% Property Transfer % 1.% Other * % -17.5% Transportation Fund % 1.3% Gasoline %.9% Purchase and Use % 2.4% Motor Vehicle Fees % 1.6% Other % -3.% Education Fund, non-property tax component % 4.1% * Includes:Insurance, Inheritance & Estate, Bank Francise, Telephone, Liquor, Beverage, Fees and Other Taxes UI Initial Claims Rooms & Meals Tax Revenues to Date FY215-FY216 Million $ July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Source: Vt. Department of Labor Source: Vt. Dept. of Finance & Management FY215 FY216
3 Page two FEBRUARY 216 Construction Residential Building Permits Current Year Year Year To Date Month To Date Ago Last Year Housing Units % Estimated Value ($thousand) 9,23 18,488 19,664 3,4-38.5% Employment Construction Emp. (S.A.,thousand) % 7.9% Travel & Tourism Leisure & Hospitality Emp. (S.A.,thousand) % 1.7% Selected Traffic Volume * 18,45 14,774 12, % 6.2% Welcome Center Counts, Total 51,397 47,774 43, % 16.9% Guilford 37,652 35,83 33,23 7.3% 13.3% Fair Haven 7,68 7,963 6, % 1.9% Georgia (Southbound) 6,137 4,728 3, % 58.2% * Revised. Reporting different locations. Not comparable to previous years. Missing 1 location. Seasonal Indicators Current Season Year Season To Date Month To Date Ago Year Ago Attendance Surveys State Parks (Day Use) NA NA NA NA NA State Campgrounds (Campers) NA NA NA NA NA Travel Attr. & Museums (Summer) * NA NA NA NA NA Travel Attr. & Museums (Year Round) ** 42,56 66,9 27,54 51, % * Based on VDOL survey of 8 Attractions operating during months of May - Oct. ** Based on VDOL survey of 7 attractions. Travel Attraction data is collected as part of a managed sample; above information may not be directly comparable to previous releases..
4 Page three FEBRUARY Million $ Vermont Residential Building Permits Estimated Value ($Million) Enplanements Burlington International Airport Source: U.S. Census Bureau Source: BIA Administration Leisure & Hospitality Employment Seasonally Adjusted Estimates Source: Vt. Department of Labor, LMI Secton Traffic Volumes at Selected Locations Source: Vt. Agency of Transportation See note in table Welcome Center Counts Travel Attraction Attendance (Yr Rd) Source: Vermont Information Center Division, BGS Based on VDOL survey of 7 Attractions
5 Page four FEBRUARY 216 CY 4th Qtr CY 3rd Qtr CY 4th Qtr Rooms & Meals Business Receipts ** (Oct-Dec) (Jul-Sep) (Oct-Dec) 215 * Last Quarter Last Year Rooms & Meals Business Receipts ** Meals ($Thousand) 239, , , % 2.5% Room ($Thousand) 11,14 147,51 18, % -6.7% Alcohol ($Thousand) 45,194 53,827 43, % 3.5% * Numbers are preliminary. ** All Business Receipts are for the Calendar Year (CY). Vermont DEPARTMENT OF LABOR ECONOMIC AND TRAVEL INDICATORS Vermont Economic and Travel Indicators is published by the Economic & Labor Market Information Section of the VT Department of Labor. This publication can be found on our website: For more information or address changes: Phone: (82) or Labor.Lmi@vermont.gov Data sources for this publication are: U.S.Census Bureau; Burlington Airport Administration; Vt. Departments of Labor, Finance & Management, Forests, Parks & Recreation, Taxes, Motor Vehicles, Vermont Information Center Division, Buildings & General Services, Vt. Agency of Transportation; Secretary of State's Office; Vt. Division for Historic Preservation; selected banks and travel attractions. Equal opportunity is the law. The State of Vermont is an Equal Opportunity / Affirmative Action Employer. Applications from women, individuals with disabilities, and people from diverse cultural backgrounds are encouraged. Auxiliary aids and services are available upon request to individuals with disabilities. 711 (TTY/Relay Service) or (82) TDD (Vermont Department of Labor). This publication was funded by a grant awarded by the U.S. Department of Labor s Employment and Training Administration. The publication was created by the Vermont Department of Labor and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This publication is copyrighted by the Vermont Department of Labor. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible.
Economic and Travel Indicator
Economic and Travel Indicator 21 If you have any questions, please contact: Economic and Labor Market Information Division 82-828-422 Labor.Lmi@vermont.gov Released March, 22 216 VERMONT ECONOMIC AND TRAVEL
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