Vermont Labor Market

The Vermont Department of Labor has released data on the Vermont economy for the time period covering June 2021. According to household data, the seasonally-adjusted statewide unemployment rate for June was 3.1%. This reflects an increase of one-tenth of one percentage point from the prior month’s revised estimate. The May 2021 preliminary estimate was revised up four-tenths of one percentage point due to the inclusion of more data.

The Vermont seasonally-adjusted unemployment rate increased to 3.1% in June. The comparable United States rate in June was 5.9%, which was an increase of one-tenth of one percentage point from the revised May estimate. The seasonally-adjusted Vermont data for June show the Vermont civilian labor force increased by 972 from the prior month’s revised estimate. The number of employed persons increased by 853 and the number of unemployed persons increased by 119. None of the changes were statistically significant in the seasonally-adjusted series.

The June unemployment rates for Vermont’s 17 labor market areas ranged from 3.0% in Barre/Montpelier and Middlebury to 5.1% in Woodstock (note: local labor market area unemployment rates are not seasonally-adjusted). For comparison, the June unadjusted unemployment rate for Vermont was 3.5%, which was an increase of nine-tenths of one percentage point from the revised unadjusted May level and a decrease of four and four tenths percentage points from a year ago.

The seasonally-adjusted data for June reports an increase of 1,600 jobs from the revised May data. There was an increase of 300 jobs between the preliminary and the revised May estimates due to the inclusion of more data. The seasonally-adjusted over-the-month changes in June varied at the industry level. Those with a notable increase include: Private Educational Services, (+1,200 or +9.7%), Arts, Entertainment & Recreation (+200 jobs or +6.1%) and Durable Goods Manufacturing (+400 or +2.2%). Industries with a notable decrease include: Construction (-500 jobs or -3.4%), Real Estate, Rental, and Leasing (-100 or -3.3%), and Information (-100 or -2.6%).

The preliminary ‘not-seasonally-adjusted’ jobs estimates for June shows an increase of 4,100 jobs when compared to the revised May numbers. As with the ‘seasonally-adjusted’ data, this over-themonth change is from the revised May numbers which experienced an increase of 300 jobs from the preliminary estimates. The broader economic picture can be seen by focusing on the over-the-year changes in this data series. As detailed in the preliminary ‘not-seasonally-adjusted’ June data, Total Private industries have increased by 22,700 jobs (+10.3%) and Government (including public education) employment has increased by 500 jobs (+1.0%) in the past year.