After a roller coaster year, Vermont employers ended 2013 with 3,000 more payroll jobs (does not include farm, non-profit or government) than they had at the end of 2012. The latest figures released today showed no new jobs created in December, following a big jump of 2,100 payroll jobs in November. Meanwhile, Vermont’s labor force shrank by 950 workers, which led to a decline in Vermont’s unemployment rate.
Rebounding Income Taxes
It took five long years, but in fiscal 2013 Vermont’s personal income tax receipts exceeded their pre-recession level. Final figures released last week show the state collected $661 million during the fiscal year ending June 30, 2013. That was the first time income taxes rose above $600 million since fiscal 2008. Income tax receipts are forecast to grow 5 percent this year and more than 6 percent in fiscal 2015.
More Jobs and Better Pay for Men
Nearly half of Vermont men over the age of 16 had full-time, year-round work, according to the latest Census data for 2010-2012. Among women over 16, slightly more than a third had full-time, year-round employment. Census data also show that among these full-time workers, men earned more. The median annual earnings for men working full time was just under $45,000, compared with just under $38,000 for women. However, among full-time workers, women’s median earnings grew faster than men’s from 2007 through 2012.
Suorce: Public Asets Institute. See more at: http://publicassets.org/library/publications/monthly-jobs-report/january...
Vermont jobs: An up-and-down year finishes on the upside
Submitted by tim
on