Vermont unemployment rate drops to 2.2%

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Vermont Business Magazine Today, the Vermont Department of Labor announced that the seasonally adjusted statewide unemployment rate for June was 2.2%. This reflects a decrease of one-tenth of a percentage point from the revised estimate for the previous month. The civilian labor force participation rate reached 61.6% in June. All three main metrics showed improvement, as the total labor force and employees grew and the number of unemployed fell.

The state’s unemployment rate is now back to its pre-pandemic very low level and is the fifth lowest in the nation. Minnesota is the lowest at 1.8% and New Mexico is the highest at 4.9%. New Hampshire is third lowest at 2.0%. The comparable rate in the United States in June was 3.6%, unchanged from the revised May estimate.

Labor Commissioner Michael Harrington said: ‘The summer months have historically been a busy time for hiring and this year is no exception. Job openings continue to be plentiful and employers are filling at a record pace. To help, the Department of Labor hosts hiring events across the state and in some unique locations, such as partnering with the Upper Valley Nighthawks, Vermont Mountaineers, and Vermont Lake Monsters baseball teams to connect employers with potential talent. Whether you’re looking for work or workers, visit Labor.Vermont.gov/Jobs for information about events and services in your area.



Vermont’s seasonally adjusted data for June shows Vermont’s civilian labor force increased by 1,120 from the previous month’s revised estimate (see Table 1). The number of employed persons increased by 1,431 and the number of unemployed fell by 311. The variations in the labor force and the number of employed persons were statistically significant in the seasonally adjusted series.

June unemployment rates for Vermont’s 17 labor market areas ranged from 2.0% in White River Junction to 3.7% in Derby (note: local labor market area unemployment rates are not shown). seasonally adjusted – see Table 2). By comparison, the unadjusted June unemployment rate for Vermont was 2.5%, an increase of four tenths of a percentage point from the revised unadjusted May level and a decrease of one and four tenths of a percentage point from a year ago.

Vermont’s unemployment rate since before the Great Recession through June 2022.

Seasonally adjusted data for June reported a decline of 400 jobs compared to revised data for May. There was a decrease of 300 jobs between the preliminary and revised May estimates due to the inclusion of more data. The seasonally adjusted changes in the month in June varied at the industry level. Those with a notable increase include: private education services (+400 jobs or +3.4%) and state government (+500 jobs or +2.8%). Industries with notable declines include: other services (-500 jobs or -4.8%) and federal government (-200 jobs or -2.9%).

Preliminary “unadjusted” employment estimates for June showed an increase of 4,200 jobs from May’s revised figures. As with the “seasonally adjusted” data, this change in the month comes from revised May figures which saw an increase of 300 jobs compared to the preliminary estimates. The broader economic picture can be seen by focusing on the changes over the year in this data series. As detailed in preliminary “unadjusted” data for June, total private industries increased by 5,900 jobs (+2.4%) on the year and public sector employment (including public education ) increased by 1,300 jobs (+2.6%) over the past year.

The July unemployment and employment report is due out on Friday, August 19 at 10 a.m..

Unemployment rates for states, seasonally adjusted
State June 2022

assess

Rank

Minnesota

1.8 1

Nebraska

1.9 2

New Hampshire

2.0 3

Utah

2.0 3

Vermont

2.2 5

South Dakota

2.3 6

Indiana

2.4 seven

Kansas

2.4 seven

Idaho

2.5 9

North Dakota

2.5 9

Alabama

2.6 11

Iowa

2.6 11

Montana

2.6 11

Rhode Island

2.7 14

Florida

2.8 15

Missouri

2.8 15

Virginia

2.8 15

Georgia

2.9 18

Oklahoma

2.9 18

Wisconsin

2.9 18

Maine

3.0 21

Wyoming

3.1 22

Arkansas

3.2 23

Caroline from the south

3.2 23

Arizona

3.3 25

Tennessee

3.3 25

Colorado

3.4 27

North Carolina

3.4 27

Oregon

3.6 29

West Virginia

3.6 29

Kentucky

3.7 31

Massachusetts

3.7 31

Louisiana

3.8 33

Mississippi

3.8 33

New Jersey

3.9 35

Ohio

3.9 35

Washington

3.9 35

Connecticut

4.0 38

Maryland

4.0 38

Texas

4.1 40

California

4.2 41

Hawaii

4.3 42

Michigan

4.3 42

New York

4.4 44

Delaware

4.5 45

Illinois

4.5 45

Pennsylvania

4.5 45

Alaska

4.6 48

Nevada

4.7 49

New Mexico

4.9 50

District of Colombia

5.5 51

Note: Rates shown are a percentage of the labor force. Data refer to place of residence. Estimates for the current month are subject to revision the following month.

Date of last modification: July 22, 2022

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