Economic and Travel Indicator February 216 If you have any questions, please contact: Economic and Labor Market Information Division 82-828-422 Labor.Lmi@vermont.gov Released April 4, 216
VERMONT ECONOMIC AND TRAVEL INDICATORS FEBRUARY 216 Labor Market & Business Activity visit our web site at: www.vtlmi.info Employment (NonFarm,S.A.,Thousand) * 316. 316.3 311.2 -.1% 1.5% Avg. Weekly Hours (Manufacturing) * 38.5 39.4 38.6-2.3% -.3% Unemployment Rate (S. A. %) 3.4 3.4 3.7.% -8.1% U.I. Initial Claims 3,36 3,474 3,121-4.8% 5.9% U.I. Exhaustees 25 23 246 1.% -16.7% Passenger Car Registrations 25,548 23,247 24,853 9.9% 2.8% Total Current Car Registrations 423,996 424,31 42,754.%.8% Total Current Pick-Up Truck Reg. 16,35 16,56 15,129.%.9% Bank Deposits - Survey ($Million) 7,193 7,311 6,881-1.6% 4.5% Business Formations ** 616 756 491-18.5% 25.5% Airport Enplanements (B.I.A.) 45,975 42,913 43,589 7.1% 5.5% * Current Month numbers are preliminary, Last Month & Year Ago are revised. ** Not comparable to previoius issues, https://www.vtsosonline.com/ State Tax Revenues ($Million) Current Fiscal Year FYTD Month To Date Last Year Last Year Last FYTD General Fund 89.2 914. 868.6 25.2% 5.2% Personal Income 31.4 478.6 426. 228.7% 12.4% Sales & Use 18.2 167.4 165.6 9.4% 1.1% Corporate Income -1.3 56.1 59.4 NA -5.6% Rooms & Meals 12.4 16.6 13.1.6% 3.4% Property Transfer 1. 8. 7.3 81.8% 1.% Other * 5.1 48.4 58.7 13.7% -17.5% Transportation Fund 16.6 165.6 163.4 2.3% 1.3% Gasoline 4.6 52.1 51.6-18.5%.9% Purchase and Use 3.9 41. 4.1 1.1% 2.4% Motor Vehicle Fees 5.4 48.1 47.4 6.5% 1.6% Other 1.4 12. 12.4 22.4% -3.% Education Fund, non-property tax component 16.6 127.4 122.4 23.% 4.1% * Includes:Insurance, Inheritance & Estate, Bank Francise, Telephone, Liquor, Beverage, Fees and Other Taxes. 6 5 4 3 2 1 UI Initial Claims 215-216 16 14 12 1 8 6 4 2 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 215 216 Source: Vt. Dept. of Finance & Management FY215 FY216
Page two FEBRUARY 216 Construction Residential Building Permits Current Year Year Year To Date Month To Date Ago Last Year Housing Units 5 111 132 222-5.% Estimated Value ($thousand) 9,23 18,488 19,664 3,4-38.5% Employment Construction Emp. (S.A.,thousand) 16.4 16.2 15.2 1.2% 7.9% Travel & Tourism Leisure & Hospitality Emp. (S.A.,thousand) 36.5 36.2 35.9.8% 1.7% Selected Traffic Volume * 18,45 14,774 12,158 3.5% 6.2% Welcome Center Counts, Total 51,397 47,774 43,968 7.6% 16.9% Guilford 37,652 35,83 33,23 7.3% 13.3% Fair Haven 7,68 7,963 6,859-4.5% 1.9% Georgia (Southbound) 6,137 4,728 3,879 29.8% 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 51,88 29.2% * 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..
Page three FEBRUARY 216 9 Million $ Vermont Residential Building Permits Estimated Value ($Million) 215-216 7 Enplanements 215-216 Burlington International Airport 8 7 6 5 6 5 4 4 3 2 1 3 2 1 Source: U.S. Census Bureau 215 216 Source: BIA Administration 215 216 4 35 3 25 2 15 1 5 Leisure & Hospitality Employment Seasonally Adjusted Estimates 215-216 Source: Vt. Department of Labor, LMI Secton. 215 216 16 14 12 1 8 6 4 2 Traffic Volumes at Selected Locations 215-216 Source: Vt. Agency of Transportation See note in table. 215 216 14 Welcome Center Counts 215-216 12 Travel Attraction Attendance (Yr Rd) 215-216 12 1 1 8 6 4 8 6 4 2 2 Source: Vermont Information Center Division, BGS. 215 216 Based on VDOL survey of 7 Attractions. 215 216
Page four FEBRUARY 216 CY 4th Qtr CY 3rd Qtr CY 4th Qtr Rooms & Meals Business Receipts ** (Oct-Dec) (Jul-Sep) (Oct-Dec) 215 * 215 214 Last Quarter Last Year Rooms & Meals Business Receipts ** Meals ($Thousand) 239,986 285,978 234,82-16.1% 2.5% Room ($Thousand) 11,14 147,51 18,221-31.3% -6.7% Alcohol ($Thousand) 45,194 53,827 43,664-16.% 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: www.vtlmi.info For more information or email address changes: Phone: (82)828-422 or email: 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) 828-423 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.