Vermont unemployment rate falls three-tenths to 3.4 percent

Fri, 04/18/2014 - 10:09am -- tim

Vermont Business Magazine Vermont’s unemployment rate is now second lowest in the nation, behind only North Dakota (2.6 percent). Driven by an increase in jobs and a steep decline in the number of unemployed, Vermont's unemployment rate fell again in March to 3.4 percent, a level not seen since well before the national economy collapsed in 2008. This is the lowest Vermont seasonally adjusted unemployment rate since June 2005. The March rate represents a decrease of three-tenths of a percent from the February rate of 3.7 percent.

Graduated minimum wage proposal in Senate at odds with House version

Mon, 04/21/2014 - 7:37am -- tim

by Anne Galloway A Senate panel endorsed a new minimum wage proposal Friday that would phase in increases over a four-year period. The bill, H552, which was approved in a unanimous 5-0 vote, would increase the minimum wage to $9.15 in January 2015 (or nearly a dollar less per hour than the House version); $9.60 in January 2016; $10 in January 2017 and $10.50 in 2018. It heads next to the full Senate.

State employee allegedly embezzled at least $75,000

Mon, 04/21/2014 - 6:22am -- tim

A state employee allegedly crafted an elaborate check-cashing scheme and embezzled at least $75,000 from the state, Governor Peter Shumlin announced Friday.

State police Friday arrested Office of Risk Management employee Lisa Peduzzi and charged her with multiple charges of Embezzlement by a Public Official.

So far investigators have uncovered 19 incidents in 2013 and 2014 in which Peduzzi, a claims investigator who worked in the risk management office of the Agency of Administration, allegedly wrote state checks to buy cars, boats, guitars and jewelry.