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 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. The March rate represents a decrease of three-tenths of a percent from the February rate of 3.7 percent.
by Hilary Niles vtdigger.org When Governor Peter Shumlin on Monday announced a new scheme to induce a company in dire circumstances to stay in Vermont, he left little doubt that IBM would be a prime and likely candidate for the plan. He acknowledged as much Wednesday.
“I have read the same information that you have in the press about IBM,” Shumlin responded after a press conference.
by Anne Galloway vtdigger.org Moody’s Investors Service, an investment assessment services company, downgraded Vermont Law School’s $10.3 million in 2011 revenue bonds this week. Moody’s lowered its rating for the school’s bonds from Baa2 to Ba1 this week.
The downgrade drops Vermont Law School by two rating categories. (See chart at end of article.)
TD Bank holds the bonds, which were issued by the Vermont Educational and Health Buildings Finance Agency.