FOR IMMEDIATE RELEASE
December 22, 2023
Contact: Mathew Barewicz, E & LMI Director, Department of Labor
802-828-4153 | mathew.barewicz@vermont.gov
Vermont’s Unemployment Rate Rose to 2.1 Percent in November
Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering November 2023. According to household data, the seasonally-adjusted statewide unemployment rate for November was 2.1 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 64.4 percent in November, an increase of two-tenths of one percentage point from the prior month’s revised estimate.
“The ongoing labor force expansion is welcome news to the Vermont economy. Surpassing the 350,000 mark holds significance as the Vermont labor force has remained below this level since April 2020. Several economic indicators resemble pre-recessionary levels, yet one notable exception is Vermont's persistently high number of job vacancies. While a surplus of job opportunities facilitates job hunting, navigating unemployment remains challenging. One of the many ways the Department supports job seekers is via a weekly newsletter promoting available jobs across Vermont. To receive this email, individuals can visit https://labor.vermont.gov/vt-labor-weekly-jobs-newsletter to register. This link also serves as a connection point for employers to Vermont Job Link, offering free access to list available positions. Several job opportunities from Vermont Job Link are highlighted in the newsletter each week.” - Michael Harrington, Commissioner
The Unemployment and Jobs Report for December is scheduled to be released on Tuesday, January 23, 2024 at 10:00 a.m.
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To view the full press release, visit www.vtlmi.info