Latest data shows Vermont's unemployment rate has dropped from 2.7% to 2.4% from February 2018 to February 2019. Below is a graphic from the Vermont Department of Labor (DOL) detailing our civilian labor force, as well as a statement from DOL Commissioner Lindsay Kurrle.
"Vermont’s unemployment rate continues to reach new lows. The scarcity of labor in Vermont is putting upward pressure on wage growth and downward pressure on employment growth. Taking a step back, the changes in employment growth from the last economic peak are startling. Between 2007 and 2018, the Vermont economy is estimated to have added 7,100 jobs. Over the same time period, the Burlington metro area has added 9,800 jobs. This means that over this 11-year period, the balance of the state - net the Burlington metro area – has 2,700 fewer jobs. To improve these outcomes, Vermont needs more workers to fill open jobs across the state. These trends are another reason why the Department continues to heavily focus on assisting all employers across the state with the recruitment and retention of workers. If you are a business or a job-seeker, reach out to your local Career Resource Center to learn how we can help."
Commissioner Lindsay Kurrle
Vermont Department of Labor
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