Unemployment Steady, Labor Force Still Shrinking
The Vermont Department of Labor says the state’s seasonally adjusted unemployment rate held steady at 3.7 percent in November. It was the third consecutive month in which the rate remained unchanged.
The civilian labor force declined by 1,100 workers from month-to-month to 344,100. This is the fourth straight month the figure has dropped, and it represents the smallest labor force since August, 2002.
The seasonally adjusted November data indicates an additional 2,900 jobs were available in Vermont, compared to the revised October figures. The vast majority of the jobs were in leisure and hospitality.
Declining unemployment, a smaller labor force and rising job numbers can make it difficult for employers to fill positions.
“Overall, we continue to see a significant number of job opportunities across nearly all employment sectors in Vermont, “ said Labor Commissioner Annie Noonan in a press release.
“The Labor Department is working with training and education providers to help develop more short-term training programs designed to match the job-skills needed for current and predicted vacancies,” said Noonan.