Wednesday, December 21, 2011

VT unemployment rate down

The Vermont Department of Labor announced Tuesday the seasonally-adjusted statewide unemployment rate for November 2011.

It was 5.3 percent, a decrease of three-tenths of a percent from the October rate.

Compared to a year ago, the rate is lower by five-tenths of a percentage point. The current comparable national rate is 8.6 percent which reflects a decrease of four-tenths of a percent from the previous month. Over the past three months, Vermont’s seasonally-adjusted statewide unemployment rate has declined by six-tenths of a percent.

“This is obviously good news for Vermont as one measure of our economic health. This is the 3rd consecutive month reporting a decline in the unemployment rate”, said Labor Commissioner Annie Noonan. “We may, however, see an increase in unemployment claims during the upcoming winter months from seasonal layoffs. There has also been some delayed hiring in the ski industry due to the warm weather this season.”

“Vermont businesses in many industries are hiring, particularly in manufacturing, computer and web design, health care, engineering, retail, food services and hospitality. Vermonters who are unemployed or looking to change jobs should come into a Department of Labor regional office and work with our staff for employment assistance. We can connect job seekers to employment opportunities; provide information about training, internship and apprenticeship programs, and services for youth, low income adults, dislocated workers, mature workers, and Vermont veterans. In order to put this State on the best path to prosperity, we need to be able to match Vermonters to jobs in our state; and to do that we need Vermont businesses to list their job openings with the Department of Labor, and then be committed to hiring a well-qualified Vermonter for the job. Our goal at the Department of Labor is to find a job for every unemployed and under-employed Vermonter,” said Noonan.

November unemployment rates for Vermont’s 17 labor market areas ranged from 3.4 percent in Hartford to 7.0 percent in Newport (note: local labor market area unemployment rates are not seasonally adjusted). For comparison, the November unadjusted unemployment rate for Vermont was 4.7 percent which reflects an increase of one-tenth of a percent from the October level and a decline of one percent from a year ago.

Springfield

Springfield's total labor force is estimated at 11,200. Of that, about 10,450 were employed in November 2011 and it is estimated about 700 were unemployed -- 6.4%. Up from 6.1% in October but down from the 7.8% of November 2010.

Source: Vermont Department of Labor 

1 comment :

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