Unemployment rate up three-tenths

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September 16, 2005
Amy Hoskins
Andy Condon
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2008-04-18T19:23:00Z
2008-04-18T15:49:00Z
2008-04-18T15:49:00Z
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April 18, 2008

[email protected]

VERMONT JOB COUNTS REMAIN
STABLE WHILE UNEMPLOYMENT INCREASES

Montpelier -- The Vermont Department of Labor announced
April 18, 2008, that the seasonally adjusted unemployment rate for March 2008 was 4.6
percent, up three-tenths of a point from last month and up six-tenths of a
point from a year ago.

"Vermont's unemployment rate increased by
three-tenths of a point in March reflecting a national and regional economic
slowdown," said Patricia Moulton Powden, Commissioner of the Vermont Department of
Labor. "On a more positive note, job
growth, as reported by our business survey remains stable."

The
observed seasonally adjusted monthly changes in the employment levels, unemployment
levels and unemployment rate are not statistically different from February values. For comparison purposes, the US seasonally
adjusted unemployment rate for February was 5.1 percent, up three-tenths of a
point from February 2008. Unemployment
rates for Vermont's 17 labor market areas ranged from 3.4 percent
in Hartford to 9.1 percent in Newport. Local
labor market area unemployment rates are not seasonally adjusted. For
comparison, the unadjusted unemployment rate for Vermont was 5.3 percent, up three-tenths of a point from
February 2008.

Vermont Labor Force Statistics (Seasonally Adjusted)

Changes From

March 2008

February
2008

March 2007

February 2008

March
2007

Total
Labor Force

351,900

352,600

355,200

-700

-3,300

Employment

335,800

337,500

340,900

-1,700

-5,100

Unemployment

16,100