FOR IMMEDIATE RELEASE
December 20, 2024
Contact:
Mathew Barewicz, E & LMI Director, Department of Labor
802-828-4153 | mathew.barewicz@vermont.gov
Vermont’s Unemployment Rate Rose to 2.4 Percent in November
Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering November 2024. According to household data, the seasonally-adjusted statewide unemployment rate for November was 2.4 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 65.5 percent in November, a decrease of one-tenth of one percentage point from the prior month’s revised estimate
“Vermont’s unemployment rate remains low at 2.4%, reflecting a tight labor market and ongoing opportunities for job seekers. As we all look ahead to 2025, it’s a great time to explore career paths and set professional goals for the new year. The recently released Vermont’s Most Promising Jobs brochure (https://mcclurevt.org/most-promising-jobs/) offers valuable insights on high-pay, high-demand job opportunities in Vermont.
The Vermont Department of Labor is here to support each person’s individual career journey with personalized one-on-one sessions to identify interests, address training needs, and connect people with employment opportunities. To learn more, visit http://labor.vermont.gov.” - Michael Harrington, Commissioner
The Vermont seasonally-adjusted unemployment rate increased to 2.4 percent in November. The comparable United States rate in November was 4.2 percent, an increase of one-tenth of one percentage point from the revised October estimate. The seasonally-adjusted Vermont data for November show the Vermont civilian labor force decreased by 435 from the prior month’s revised estimate (see Table 1). The number of employed persons decreased by 744 and the number of unemployed persons increased by 309. The change to the unemployment rate was statistically significant in the seasonally-adjusted series.
The November unemployment rates for Vermont’s 17 labor market areas ranged from 2.1 percent in Burlington-South Burlington and White River Junction to 3.3 percent in Derby (note: local labor market area unemployment rates are not seasonally-adjusted – see Table 2). For comparison, the November unadjusted unemployment rate for Vermont was 2.5 percent, an increase of six-tenths of one percentage point from the revised unadjusted October level and an increase of five-tenths of one percentage point from a year ago.
The Unemployment and Jobs Report for December is scheduled to be released on Tuesday, January 28, 2025, at 10:00 a.m.
To view the full release, visit vtlmi.info.
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