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Chittenden County Economic Report: Connecting people to the economy Primary tabs
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Chittenden County Economic Report: Connecting people to the economy
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Fri, 05/21/2021 - 10:44am tim
Vermont Business Magazine According to household data released by the Vermont Department of Labor today, the seasonally-adjusted statewide unemployment rate for April was 2.9 percent. This reflects no change from the prior month’s revised estimate. The comparable United States rate in April was 6.1 percent, which was an increase of one-tenth of one percentage point from the revised March estimate. Vermont has the fifth lowest rate in the nation, one-tenth behind Nebraska, New Hampshire, South Dakota and Utah. Last month Vermont was tied for lowest.
Labor Commissioner Michael Harrington said: “It’s important to look at this month’s report with a bit of historical context. We are now 12 months from the worst part of the current recession. In April 2020, there were fewer than 200,000 private-sector jobs, a decline of over 60,000 from April 2019. Due in part to the steep decline last spring, this month’s employment numbers as reported by Vermon