Department of Employment and Training announced an unemployment rate of 3.5 percent for Vermont in May

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Department of Employment and Training announced an unemployment rate of 3.5 percent for Vermont in May

Wed, 06/16/2004 - 8:00pm -- tim

The Department of Employment and Training announced Thursday a seasonally adjusted unemployment rate of 3.5 percent for Vermont in May. The rate was unchanged from the April estimate, which was revised down one tenth of a percentage point. The national unemployment rate in May held steady at 5.6 percent.
Unemployment rates for Vermonts 13 labor market areas ranged from 1.7 percent in Hartford, to 5.0 percent in Newport. Labor market area rates are not seasonally adjusted; for comparison, the unadjusted rate for Vermont was 3.2 percent.
Improvement in the national economy is providing a healthy foundation for lower unemployment in Vermont, said Anne V. Ginevan, Commissioner of the Department of Employment and Training. Our job market is improving gradually in response to the improved economic climate.
The total seasonally adjusted job estimates have fluctuated in recent months due in part to atypical events in Vermont and the slow national recovery. After edging above 300,000 in January, the number of jobs dipped for the next two winter months. Spring provided a boost for construction activity that was augmented by a large maintenance project for a major electrical generating facility. The latest data reflects the end of the maintenance project and a less vigorous construction industry. Employment in manufacturing and retail trade showed less strength than expected for May, producing seasonally adjusted losses. Leisure and hospitality, however, had a relatively good month and added a modest number of jobs.
Job estimates before seasonal adjustment rebounded by almost 1,000 as warmer weather prompted additional hiring in construction. Administrative and Support services added 450 jobs, which included hiring by temporary help agencies. There were mixed results in leisure and hospitality. Food service and entertainment establishments combined for a gain of about 1,200 jobs; however, lodging establishments offset the gain with seasonal cuts. Employment also fell at state and private colleges due to the start of the summer break. Health care and social assistance showed little change from the previous month. Most of the gain in manufacturing was due to an increase of 100 jobs in computer and electrical equipment manufacturing.
The count of nonfarm jobs was up 0.4 percent, about one percentage point less than last month.
VERMONT SEASONALLY ADJUSTED NONFARM EMPLOYMENT
In Thousands
BY NAICS Prelim. Revised Revised Change From:

May-04 Apr-04 May-03 Apr-04 May-03

Total - All Industries

300.6 300.9 298.5 -0.3 2.1
Private Industries

248.9 249.1 246.6 -0.2 2.3
Construction

15.8 16.1 15.2 -0.3 0.6

Manufacturing

37.0 37.2 37.8 -0.2 -0.8

Retail Trade

* 38.9 39.1 39.3 -0.2 -0.4

Professional & Business Services

20.6 20.6 20.3 0.0 0.3

Private Ed. Services*

12.6 12.7 12.5 -0.1 0.1

Health Care & Social Assistance*

41.0 41.2 39.6 -0.2 1.4

Leisure & Hospitality*

33.1 32.9 32.8 0.2 0.3

Total Government

51.7 51.8 51.9 -0.1 -0.2
Source: Vermont Department of Employment & Training in cooperation with the U.S. Bureau of Labor Statistics, unless otherwise noted.
VERMONT NONFARM EMPLOYMENT, NOT SEASONALLY ADJUSTED
PRELIM REVISED REVISED CHANGES FROM
INDUSTRY BY NAICS

May-04 Apr-04 May-03 Apr-04 May-03

TOTAL NONFARM

299,350 298,400 298,100 950 1,250

TOTAL PRIVATE

245,350 244,100 244,100 1,250 1,250

GOODS PRODUCING

53,850 52,400 54,250 1,450 -400

MANUFACTURING

37,050 36,900 37,750 150 -700

Durable Goods

26,400 26,300 27,150 100 -750

Computer & Electrical Equipment Mfg.

9,300 9,200 9,850 100 -550

Fabricated Metal Products Mfg.

2,900 2,900 2,800 0 100

Machinery Mfg.

3,050 3,050 3,000 0 50

Transportation Equipment Mfg.

2,450 2,450 2,250 0 200

Furniture & Related Product Mfg.

2,500 2,500 2,300 0 200

Non-Durable Goods

10,650 10,600 10,600 50 50

Food Mfg.

3,750 3,700 3,650 50 100

CONSTRUCTION

15,850 14,600 15,550 1,250 300

NATURAL RESOURCES & MINING

950 900 950 50 0

SERVICE-PROVIDING

245,500 246,000 243,850 -500 1,650

TRADE TRANSPORTATION AND UTILITIES

57,400 56,950 57,650 450 -250

Wholesale Trade

10,250 10,200 10,200 50 50

Retail Trade

38,500 38,200 38,850 300 -350

Food & Beverage Stores

9,250 9,100 9,550 150 -300

General Merchandise Store

2,850 2,800 2,850 50 0

Transportation, Warehousing and Utilities

8,650 8,550 8,600 100 50

Utilities

1,750 1,750 1,750 0 0

Transportation & Warehousing

6,900 6,800 6,850 100 50

INFORMATION

6,550 6,450 6,550 100 0

FINANCIAL ACTIVITIES

13,100 13,050 13,150 50 -50

Finance & Insurance

10,050 10,100 10,100 -50 -50

Real Estate, Rental & Leasing

3,050 2,950 3,050 100 0

PROFESSIONAL AND BUSINESS SERVICES

20,850 20,250 20,550 600 300

Professional, Scientific and Technical

12,150 12,050 12,250 100 -100

Administrative, Support and Waste

8,300 7,850 8,050 450 250

EDUCATIONAL AND HEALTH SERVICES

53,750 54,200 52,250 -450 1,500

Educational Services

12,800 13,200 12,700 -400 100

College, Universities and Professional

7,050 7,350 7,000 -300 50

Health Care and Social Assistance

40,950 41,000 39,550 -50 1,400

Ambulatory Health Care Services

15,750 15,750 15,500 0 250

Hospitals

10,300 10,300 10,050 0 250

Nursing and Residential Care Facilities

6,750 6,750 6,600 0 150

LEISURE AND HOSPITILITY

29,750 29,950 29,550 -200 200

Arts, Entertainment and Recreation

3,600 3,100 3,800 500 -200

Accommodation and Food Services

26,150 26,850 25,750 -700 400

Accommodations

8,750 10,150 8,250 -1,400 500

Hotels & Motels

7,850 9,200 7,200 -1,350 650

Food Services and Drinking Places

17,400 16,700 17,500 700 -100

OTHER SERVICES

10,100 10,850 10,150 -750 -50

GOVERNMENT

54,000 54,300 54,000 -300 0

Federal Government

6,100 6,100 6,250 0 -150

State Government Education

7,500 8,500 7,400 -1,000 100

Local Government Education

24,300 24,000 24,350 300 -50

Other State Government

9,200 9,050 9,250 150 -50

Other Local Government

6,900 6,650 6,750 250 150
Source: Vermont Department of Employment & Training in cooperation with the U.S. Bureau of Labor Statistics.
VERMONT
LABOR FORCE AND UNEMPLOYMENT
BY LABOR MARKET AREA
Not Seasonally Adjusted
MAY'04 APR'04 MAY'03
MAY'04 APR'04 MAY'03
BARRE-MONTPELIER

MORRISTOWN-STOWE

Labor Force 40,400 40,550 39,800

Labor Force 17,950 18,900 18,250

Unemployment 1,250 1,550 1,550

Unemployment 750 1,100 950

Rate(%) 3.0 3.8 3.9

Rate(%) 4.2 5.8 5.2

Employment 39,200 39,000 38,250
Employment 17,200 17,800 17,300

BENNINGTON-MANCHESTER

NEWPORT

Labor Force 21,100 21,250 21,600

Labor Force 13,500 13,400 13,500

Unemployment 700 850 1,050

Unemployment 700 950 850

Rate(%) 3.4 4.0 4.8

Rate(%) 5.0 7.1 6.3

Employment 20,400 20,400 20,550
Employment 12,800 12,450 12,650
BURLINGTON

RANDOLPH

Labor Force 108,550 107,550 106,950

Labor Force 6,400 6,550 6,350

Unemployment 2,600 2,900 3,450

Unemployment 250 350 250

Rate(%) 2.4 2.7 3.2
Rate(%) 4.3 5.5 4.1

Employment 106,000 104,650 103,500
Employment 6,150 6,200 6,100
ENOSBURG

RUTLAND

Labor Force 11,100 10,500 11,200

Labor Force 30,900 30,900 30,000

Unemployment 450 600 600

Unemployment 1,500 1,600 1,750

Rate(%) 4.0 5.8 5.4
Rate(%) 4.8 5.1 5.9

Employment 10,650 9,850 10,600
Employment 29,400 29,300 28,200
HARTFORD

ST. JOHNSBURY

Labor Force 29,300 29,150 29,050

Labor Force 14,900 15,100 15,100

Unemployment 500 650 650
Unemployment 500 750 750

Rate(%) 1.7 2.2 2.2
Rate(%) 3.3 5.0 4.9

Employment 28,800 28,500 28,400

Employment 14,400 14,350 14,350
BRATTLEBORO

SPRINGFIELD

Labor Force 23,750 23,950 23,550

Labor Force 9,400 10,100 9,700

Unemployment 950 950 1,000
Unemployment 450 500 700

Rate(%) 3.9 4.0 4.2
Rate(%) 4.9 5.1 7.3

Employment 22,850 23,000 22,550

Employment 8,950 9,600 9,000
MIDDLEBURY

STATEWIDE

Labor Force 21,350 21,000 21,550

Labor Force 348,700 348,850 346,500

Unemployment 500 650 650
Unemployment 11,000 13,400 14,200

Rate(%) 2.2 3.0 3.0
Rate(%) 3.2 3.8 4.1

Employment 20,900 20,350 20,900
Employment 337,700 335,450 332,350
Note: Estimates by place of residence.

Source: Vermont Department of Employment & Training in cooperation with the U.S. Bureau of Labor Statistics.