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

Vermont monthly unemployment rate chart from 1990 to October 2023

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