The number of non-farm payroll jobs in Vermont is inching back to pre-recession levels. But the mix has changed in the last seven years. The latest figures from the U.S. Bureau of Labor Statistics show service sector jobs have grown, while goods-producing jobs have decreased. New data also show that the number of unemployed Vermonters grew in June. It’s not known yet whether the rise is a result of new layoffs or people returning to the labor force to seek work.
Five years, no raise for most
From the early days of the recession in 2008 to 2013, wages for most Vermonters barely kept up with inflation—or fell. Read more
A series of charts depicting proposed spending for fiscal 2015 as the annual appropriations bill makes its way through the Vermont General Assembly, from the governor’s recommendation in early January to the final House and Senate compromise passed on the last day of the session.
Employer-sponsored health insurance is a misnomer. Money that an employer putatively “contributes” to a company health insurance plan is simply employee compensation in another form.
The point is driven home in a recent column in the American Prospect by Paul Waldman about the U.S. Supreme Court decision in the Hobby Lobby case. Understanding that health insurance is part of an employee’s compensation package will be critical as Vermont moves forward with Green Mountain Care—now under the umbrella of Obamacare or later as a publicly funded, universal health care system.
Obamacare provides tax credits for many families and individuals that purchase health insurance on their own. Read more