Vermont’s unemployment rate rose for the fourth straight month in September, to 4.4 percent. A year earlier, the jobless rate stood at 4.5 percent. A temporary rise in unemployment can be a positive sign if it means more people are moving into the labor force to look for work. In September, however, the size of Vermont’s labor force did not change, while 1,000 people lost their jobs.
Where the jobs are
In 2013, three-quarters of Vermont workers earned salaries or wages from a private business—either for-profit or non-profit—according to recent Census data. Read more
Vermont’s education funding system ensures that all students, regardless of the wealth of their communities, have equal access to money to support their education. The state could simply allocate the same amount of money for every student. But Vermont has a long tradition of local control, which would disappear if spending decisions were dictated from Montpelier. To balance equal access to resources with local control, the system creates a level playing field for all communities to raise money for education, but local voters have the final say about how much they spend. Read more
By JACK HOFFMAN, VtDigger, October 17, 2014
Jon Margolis did a nice job of popping some campaign balloons earlier this week with his column about the Vermont economy. Popping campaign balloons, after all, is both the job and the fun of being a political columnist. He set the record straight and drew a few laughs by letting everyone in on the little secret that Vermont’s economy is influenced much more heavily by the national economy than by political leaders in Montpelier, even the one in the governor’s office. Read more