FOR IMMEDIATE RELEASE
March 24, 2023
Contact:
Mathew Barewicz, E & LMI Director, Department of Labor
802-828-4153 | Mathew.Barewicz@vermont.gov
Vermont’s Unemployment Rate Decreased to 2.8 Percent in February
Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering February 2023. According to household data, the seasonally-adjusted statewide unemployment rate for February was 2.8 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 63.6 percent in February, an increase of two-tenths of one percentage point from the prior month.
“February 2023 continues with stronger than previously expected growth in employment and labor force as seen in the revised 2022 data. This is welcome news and good timing as spring approaches and the Department ramps up career and educational awareness outreach with events and localized job fairs such as the event scheduled on March 29th in Brattleboro. Students and job seekers should be on the lookout for our upcoming spring job fair season. Employers and training providers that would like to join an in-person hiring event should reach out to the Department’s Workforce Development Division via their nearest field office. We encourage job seekers and businesses to visit our field offices or visit www.Labor.Vermont.gov/Jobs for more information about our upcoming events and services.” - Michael Harrington, Commissioner
To view the full press release, visit Economic & Labor Market Information - Vermont Department of Labor (vtlmi.info)