FOR IMMEDIATE RELEASE
January 24, 2023
E & LMI Director
Department of Labor
Vermont’s Unemployment Rate Increased to 2.6 Percent in December
Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering December 2022. According to household data, the seasonally-adjusted statewide unemployment rate for December was 2.6 percent. This reflects an increase of one-tenth of one percentage point from the prior month’s revised estimate. The civilian labor force participation rate was 61.8 percent in December, up one-tenth of one percentage point from the prior month.
“The preliminary data released today shows that 2022 showed growth in statewide employment as we gain greater distance from the start of the recession caused by the COVID pandemic. However, taking a deeper look, we see uneven economic growth across the state where the Burlington labor market area appears to be capturing approximately 90% of the job gains in the past year. This is why the State of Vermont and the Department of Labor continue to work with employers and partners across the state to improve the economic outcomes in rural areas. Local field staff can help employers with their recruitment efforts thereby supporting the economic vitality of all parts of the state. Students, jobseekers and businesses are encouraged to visit www.Labor.Vermont.gov/Jobs for information on events and services or visit one of our field offices today.”
~ Michael Harrington, Vermont Labor Commissioner
To view the full press release, click here or visit Economic & Labor Market Information - Vermont Department of Labor (vtlmi.info).