“While this month’s report shows a slight increase in the unemployment rate, it is important to note that the data provided is preliminary and likely to be adjusted over time as more detailed information becomes available. Even with this increase, Vermont’s rate remains one of the lowest in the country, making it hard for businesses to fill vacant positions with skilled talent. In continuing our efforts to bolster Vermont’s workforce, the Department is excited to announce that October 2019 has been proclaimed ‘Careers in Construction Month’. In Vermont, construction accounts for more than 5% of the workforce with roughly 15,000 jobs, and an average wage of $51,000 per year, which is above the statewide average. This is a great opportunity to encourage young people to explore the diverse employment options within this important industry, as well as the wide variety of training programs offered through the Department of Labor. Please join us in celebrating ‘Careers in Construction Month’,” said Labor Commissioner Michael Harrington.
The Vermont seasonally-adjusted unemployment rate increased in September to a level of 2.2 percent. The comparable United States rate in September was 3.5 percent, which was a decrease of two-tenths of one-percentage point from the revised August estimate. The seasonally-adjusted Vermont data for September show the Vermont civilian labor force decreased by 1,243 from the prior month’s revised estimate. The number of employed persons decreased by 1,413 and the number of unemployed persons increased by 170. The changes to the labor force, the number of employed persons and the unemployment rate were statistically significant in the seasonally-adjusted series.
The September unemployment rates for Vermont’s 17 labor market areas ranged from 1.8 percent in White River Junction to 3.4 percent in Derby (note: local labor market area unemployment rates are not seasonally-adjusted). For comparison, the September unadjusted unemployment rate for Vermont was 2.2 percent which was unchanged from the revised unadjusted August level and a decrease of three-tenths of one percentage point from a year ago.
Not-Seasonally-Adjusted
The preliminary ‘not-seasonally-adjusted’ jobs estimates for September show an increase of 1,900 jobs when compared to the revised August numbers. There was a decrease of 200 jobs between the preliminary and the revised August estimates due to the inclusion of more data. The monthly increase seen in the September numbers was primarily attributable to seasonal activity related to State and Local Government Education. The broader economic trends can be detected by focusing on the over-the-year changes in this data series. As detailed in the preliminary ‘not-seasonally-adjusted’ September data, Total Private industries have increased by 1,800 jobs (0.7 percent) and Government (including public education) employment has decreased by 900 jobs (-1.6 percent) in the past year.
Seasonally-Adjusted
The seasonally-adjusted data for September reports an increase of 100 jobs from the revised August data. As with the ‘not-seasonally-adjusted’ data, this over-the-month change is from the revised August numbers which experienced a decrease of 100 jobs from the preliminary estimates. The seasonally-adjusted over-the-month changes in September varied at the sub-sector level. Those with a notable increase include: Arts, Entertainment & Recreation (+300 jobs or +6.3%), State Government (+500 jobs or +2.5%), and Professional & Technical Services (+200 jobs or +1.4%). Sectors with a notable decrease include: Information (-100 jobs or -2.3%), Administrative & Waste Services (-200 jobs or -1.5%), and Local Government (-400 jobs or -1.4%).
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