FOR IMMEDIATE RELEASE
October 20, 2023
Contact:
Mathew Barewicz, E & LMI Director, Department of Labor
802-828-4153 | mathew.barewicz@vermont.gov
Vermont’s Unemployment Rate Rose to 1.9 Percent in September
Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering September 2023. According to household data, the seasonally-adjusted statewide unemployment rate for September was 1.9 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 64.1 percent in September, an increase of one-tenth of one percentage point from the prior month’s revised estimate.
“After a summer of statistical volatility, the monthly numbers in September present greater stability, with many estimates showing minor changes. Overall, tight labor market conditions persist for many businesses in Vermont. Throughout October, the Department celebrates National Manufacturing Month and the numerous rewarding careers available, along with apprenticeships and on-the-job training opportunities. Manufacturers are some of Vermont’s most significant employers, offering diverse career paths from production to design. Manufacturing is a vital industry with a history of economic advancement. If you want to learn more about Manufacturing Month, you can visit the Department’s website labor.vermont.gov/vermont-manu.
Additionally, the Department of Labor will be celebrating the 9th Annual National Apprenticeship Week November 13th-19th. Registered Apprenticeships are an industry-driven, high-quality career pathway that allows individuals the ability to earn a nationally recognized credential through paid work experience and classroom instruction. For more information on Vermont’s Registered Apprenticeship Program, visit https://labor.vermont.gov/workforce-development/apprenticeship.” - Michael Harrington, Commissioner
The Unemployment and Jobs Report for October is scheduled to be released on Friday, November 17th, 2023 at 10:00 a.m.
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To view the full press release, visit www.vtlmi.info
To view the PDF version, click here.