FOR IMMEDIATE RELEASE
April 21, 2023
Contact:
Mathew Barewicz, E & LMI Director, Department of Labor
802-828-4153 | Mathew.Barewicz@vermont.gov
Vermont’s Unemployment Rate Decreased to 2.7 Percent in March
Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering March 2023. According to household data, the seasonally-adjusted statewide unemployment rate for March was 2.7 percent. This reflects a decrease of one-tenth of one percentage point from the prior month’s revised estimate. The civilian labor force participation rate was 63.7 percent in March, an increase of one-tenth of one percentage point from the prior month.
“Vermont’s labor market continues to be strong with roughly two job openings for every unemployed Vermonter. Over the past twelve months the share of adults in the labor market grew from 63.0% to 63.7%, and in the past month almost 1,400 Vermonters have found work. These gains are a welcome development, but the state remains below its pre-pandemic levels. With numerous employers across the state looking for workers, it’s a great time to meet with a job specialist at one of the Department of Labor’s regional field offices located throughout the state. Our skilled team can assist with job searches, building a compelling resume and cover letter, conducting mock job interviews, and more. Additionally, the Department is hosting three job fairs in May: Middlebury Job Fair on May 4th, Rutland Job Fair on May 11th, and Bennington Job Fair on May 18th. So, if you’re a business looking to hire or a jobseeker on the hunt, be sure to visit www.VermontJobLink.com or connect with the specialists in one of our job centers at www.Labor.Vermont.gov/Jobs to find out more about our events and services.”
- Michael Harrington, Commissioner
To view the full press release visit, Economic & Labor Market Information - Vermont Department of Labor (vtlmi.info)