Vermont unemployment rate falls three-tenths to 3.4 percent

Fri, 04/18/2014 - 10:09am -- tim

Vermont Business Magazine Vermont’s unemployment rate is now second lowest in the nation, behind only North Dakota (2.6 percent). Driven by an increase in jobs, a decrease in the labor force (year over year, with an increase from February) and a steep decline in the number of unemployed, Vermont's unemployment rate fell again in March to 3.4 percent, a level not seen since well before the the national economy collapsed in 2008. This is the lowest Vermont seasonally adjusted unemployment rate since June 2005.

At least six minimum wage plans swirl around the Statehouse

Fri, 04/18/2014 - 2:22pm -- tim

by Hilary Niles Lawmakers are reviewing at least six approaches to increasing the state’s minimum wage, five weeks after Governor Peter Shumlin embraced President Barack Obama’s plan to move to $10.10 per hour by 2017.

The state minimum wage is $8.73 per hour, compared to the federal rate of $7.25 per hour. Vermont nudges up the minimum hourly wage each year in proportion to changes in the Consumer Price Index.