Vermont Labor Market

Vermont Department of Labor has released data on the Vermont economy for the time period covering October 2020. According to household data, the seasonally-adjusted statewide unemployment rate for October was 3.2%. This reflects a decrease of one and one tenth percentage points from the prior month’s revised estimate of 4.3%.

The Vermont seasonally-adjusted unemployment rate decreased one and one tenth percentage points to 3.2% in October. The comparable United States rate in October was 6.9%, a decrease of one percentage point from the revised September estimate. The seasonally-adjusted Vermont data for October show the Vermont civilian labor force decreased by 2,227 from the prior month’s revised estimate. The number of employed persons increased by 1,428 and the number of unemployed persons decreased by 3,655. The changes to the number of unemployed persons and the unemployment rate were statistically significant in the seasonally-adjusted series.

The October unemployment rates for Vermont’s 17 labor market areas ranged from 1.7% in White River Junction to 4.2% in Woodstock (note: local labor market area unemployment rates are not seasonally-adjusted). For comparison, the October unadjusted unemployment rate for Vermont was 2.4%, which was a decrease of one and eight-tenths percentage points from the revised unadjusted September level and an increase of seven-tenths of one percentage point from a year ago.