Vermont’s Unemployment Rate Holds at 2.3 Percent in December
Mathew Barewicz, E & LMI Chief
State of Vermont
Department of Labor
Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering December 2019. According to household data, the seasonally-adjusted statewide unemployment rate for December was 2.3 percent. This reflects no change from the revised November rate. The preliminary data released in December shows a labor force participation rate of 65.6% which is the lowest statewide level since September 1977.
“This month’s jobs report shows Vermont’s unemployment rate holding steady, with a slight decline in the number of employed individuals. Additionally, as members of the baby-boomer generation continue to exit the workforce, this has had a direct impact on our Labor Force Participation Rate. It is because of this that the Department of Labor continues to place labor force expansion at the top of its priority list. Whether through new apprenticeship opportunities or creating career pathways for New Americans, the growth of Vermont’s workforce is critical to our sustainable success. As we begin a new year, we must also recommit ourselves to working together to meet this challenge.” - Michael Harrington, Acting Labor Commissioner
View the full press release at: http://www.vtlmi.info/