Reduction in Taxable Wage Base for Unemployment Insurance Announced for 2019

On October 4, the Department of Labor announced that, beginning January 1, 2019, employers will see a reduction in the taxable wage base amount that they currently pay on unemployment taxes by $2,000. Nearly 22,600 employers remit state unemployment taxes to the Department of Labor on an annual basis. These taxes are deposited into the […]

2019 Minimum Wage Update

The minimum wage in Vermont is scheduled to increase to $10.78 on January 1, 2019. An updated minimum wage poster for workplaces can be found here: http://labor.vermont.gov/wordpress/wp-content/uploads/Minimum-Wage-Poster.pdf.

Vermont Labor Market

The Department of Labor announced that the seasonally-adjusted statewide unemployment rate for August was 2.8%. This reflects no change from the revised July rate. The national rate in August was 3.9%. As of the prior month’s preliminary data, the Burlington-South Burlington Metropolitan NECTA was tied for the nineteenth lowest unemployment rate in the country for […]