Vermont October jobless rate stays at 2.9 percent

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Vermont October jobless rate stays at 2.9 percent

Fri, 11/17/2017 - 10:26am -- tim

by Timothy McQuiston Vermont Business Magazine The Vermont unemployment rate was unchanged in October, but all the major indicators showed improvement, with even the Labor Force growing slightly. Private employment was up, while Government employment lost 1,200 jobs, almost entirely from State held positions. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for October was 2.9 percent. This reflects no change from the revised September rate. The national rate in October was 4.1 percent. Overall, Vermont’s unemployment rate was tied for the sixth lowest in the country. New Hampshire was tied for third (2.7 percent); Hawaii was lowest (2.2 percent); and Alaska was highest (7.2 percent). As of the prior month’s preliminary data, the Burlington-South Burlington Metropolitan NECTA was tied for the 15th lowest unemployment rate in the country for all metropolitan areas. 

“As National Apprenticeship Week comes to a close, it is important to recognize the significance registered apprenticeships have played throughout American history up to and including the present day. Registered Apprenticeships have led millions into gainful employment and economic independence. The skills learned during apprenticeship training are in demand by employers across Vermont. If you or someone you know may be interested in training for a profession leading to guaranteed employment -- all the while getting paid to do so, please contact the Vermont Department of Labor’s Registered Apprenticeship program,” said Lindsay Kurrle, Commissioner of the Vermont Department of Labor.

The seasonally-adjusted Vermont data for October show the Vermont civilian labor force increased by 450 from the prior month’s revised estimate. The number of employed increased by 650 and the number of unemployed decreased by 150. The changes were not statistically significant in the seasonally-adjusted series.

The October unemployment rates for Vermont’s 17 labor market areas ranged from 1.8 percent in White River Junction to 3.4 percent in Derby (note: local labor market area unemployment rates are not seasonally-adjusted). For comparison, the October unadjusted unemployment rate for Vermont was 2.3 percent which reflects a decrease of six-tenths of one percentage point from the revised unadjusted September level and a decrease of two-tenths of one percentage point from a year ago.

Not-Seasonally-Adjusted

The preliminary ‘not-seasonally-adjusted’ jobs estimates for October show an increase of 2,700 jobs when compared to the revised September numbers. There was an increase of 100 jobs between the preliminary and the revised September estimates due to the inclusion of more data. The monthly increase seen in the October numbers was primarily attributable to seasonal movements in local government education. The broader economic trends can be detected by focusing on the over-the-year changes in this data series. As detailed in the preliminary ‘not-seasonally-adjusted’ October data, Total Private industries have increased by 3,300 jobs (1.3 percent) and Government (including public education) employment has remained flat in the past year.

Seasonally-Adjusted

The seasonally-adjusted data for October reports a decrease of 500 jobs from the revised September data. As with the ‘not-seasonally-adjusted’ data, this over-the-month change is from the revised September numbers which experienced no change from the preliminary estimates. The seasonally-adjusted over-the-month changes in October were mixed at the sector level. Those with a notable percent increase include: Arts, Entertainment & Recreation (+300 jobs or +5.9%) and Administrative & Waste Services (+600 jobs or +5.2%). Sectors with a notable percent decrease include: State Government (-900 jobs or -4.5%) and Transportation, Warehousing & Utilities (-300 jobs or -3.5%).

October 2017 Unemployment Rates for States, Seasonally Adjusted
State October 2017(p)
rate
Rank

Hawaii

2.2 1

North Dakota

2.5 2

Colorado

2.7 3

Nebraska

2.7 3

New Hampshire

2.7 3

Idaho

2.9 6

Vermont

2.9 6

Iowa

3.0 8

Tennessee

3.0 8

Minnesota

3.3 10

Utah

3.3 10

Wisconsin

3.4 12

Maine

3.5 13

Missouri

3.5 13

South Dakota

3.5 13

Alabama

3.6 16

Arkansas

3.6 16

Florida

3.6 16

Kansas

3.6 16

Virginia

3.6 16

Massachusetts

3.7 21

Maryland

3.8 22

Indiana

3.9 23

Montana

3.9 23

South Carolina

3.9 23

Texas

3.9 23

North Carolina

4.1 27

Rhode Island

4.2 28

Wyoming

4.2 28

Georgia

4.3 30

Oregon

4.3 30

Oklahoma

4.4 32

Arizona

4.5 33

Connecticut

4.5 33

Michigan

4.5 33

Washington

4.5 33

Pennsylvania

4.7 37

Delaware

4.8 38

Louisiana

4.8 38

New York

4.8 38

California

4.9 41

Illinois

4.9 41

Mississippi

4.9 41

New Jersey

4.9 41

Kentucky

5.0 45

Nevada

5.0 45

Ohio

5.1 47

West Virginia

5.1 47

New Mexico

6.1 49

District of Columbia

6.6 50

Alaska

7.2 51

Footnotes
(p) Preliminary

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.
 

Last Modified Date: November 17, 2017

Source: Vermont DOL 11.17.2017