Notwithstanding a spike in unemployment in July, the Vermont labor force has shown largely positive signs this year. After falling for 25 straight months, the labor force increased in five of the first seven months of 2014. The labor force includes people employed as well as those out of work but actively seeking jobs. In July, the net number in the labor force grew by 200, a rise of 1,118 unemployed and a decrease of 916 employed.
Flagging tax revenue
Vermont income tax receipts dropped 20 percent—$124 million—during the recession and did not rise above the pre-recession level until fiscal 2013. Read more
In 2013, there were still fewer Vermonters employed than in 2007, before the recession took hold. That’s true in about two-thirds of Vermont towns. But for the residents of the remaining third, employment was higher than in 2007.
As the map shows, many of the towns where employment rose were in the northern tier of the state. Measured as a percentage, towns with some of the highest growth were in the Northeast Kingdom, where joblessness tends to lead the rest of the state. Chittenden County, particularly around Burlington, also saw employment rise above pre-recession levels. Read more
You’re invited to Pies & Charts!
The Public Assets team will be traveling around the state this fall, with tasty pies and enlightening charts. Please join us, enjoy the food, and take home some tools to help you talk with policymakers about economic issues in Vermont.
Bring a friend or two. Chat with us. Mingle with others in your community who want all Vermonters to have a piece of the pie!
From 4:30 to 6:00 pm
Thursday, September 25
Richmond Congregational Church
20 Church St., RICHMOND
Tuesday, September 30
St. Albans Free Library
11 Maiden Lane, ST. Read more