Vermont’s unemployment rate falls again to 2.3 percent in May
Vermont Business Magazine Today, the Vermont Department of Labor reported that the seasonally-adjusted statewide unemployment rate for May was 2.3 percent, according to household data. This reflects a decrease of two-tenths of one percentage point from the prior month’s revised estimate. The civilian labor force participation rate rose to 61.5 percent in May, as all three major metrics showed improvement. The labor force increased, the number of employed grew and the number of unemployed fell. The comparable United States rate in May was 3.6 percent, which experienced no change from the revised April estimate.