Vermont Unemployment
According to the BLS current population survey (CPS), the unemployment rate for Vermont rose 0.1 percentage points in October 2023 to 2.0%. The state unemployment rate was 1.9 percentage points lower than the national rate for the month. The unemployment rate in Vermont peaked in April 2020 at 14.0% and is now 12.0 percentage points lower. From a post peak low of 1.8% in July 2023, the unemployment rate has now grown by 0.2 percentage points. You can also see Vermont unemployment compared to other states.
Unemployment Rate | October 2023 | Month/Month | Year/Year |
---|---|---|---|
National | 3.9% | +0.1 | +0.2 |
Vermont | 2.0% | +0.1 | -1.1 |
Note: All comparisons are made with October data as November state level unemployment data has not yet been released.
Unemployment Rate: Vermont, National
Note: Recessions shown in gray
Vermont Unemployed
The number of people unemployed in Vermont peaked in April 2020 at 49,506. There are now 42,369 fewer people unemployed in the state. From a recent trough of 6,300 in July 2023, the number of unemployed has now grown by 837. Vermont job growth data is also available.
Unemployed Persons | October 2023 | Month/Month | Year/Year |
---|---|---|---|
Vermont | 7,137 | +536 | -3,391 |
Number of Unemployed Persons
Vermont Unemployment History
Date | National Unemployment Rate |
Vermont Unemployment Rate |
Vermont Unemployed |
---|---|---|---|
November 2023 | 3.7% | — | — |
October 2023 | 3.9% | 2.0% | 7,137 |
September 2023 | 3.8% | 1.9% | 6,601 |
August 2023 | 3.8% | 1.8% | 6,407 |
July 2023 | 3.5% | 1.8% | 6,300 |
June 2023 | 3.6% | 1.9% | 6,722 |
May 2023 | 3.7% | 2.1% | 7,383 |
April 2023 | 3.4% | 2.4% | 8,341 |
March 2023 | 3.5% | 2.7% | 9,217 |
February 2023 | 3.6% | 2.8% | 9,831 |
January 2023 | 3.4% | 2.9% | 10,103 |
December 2022 | 3.5% | 3.0% | 10,378 |