Vermont’s economy began to grow again after the recession, but has since cooled off. Even before the recession, real economic growth was slow. And figures released in December 2015 show that Vermont’s gross state product—the value of goods and services produced in the state—was essentially the same in 2014 as it was in 2011, after adjusting for inflation.
The good news: In May Vermont employers created 900 more jobs than were first reported. According to revised figures released this month, there were 317,300 non-farm payroll jobs in May—up about 100 over April. The bad news? Jobs were down in June by about 1,400. Still, preliminary data show nearly 4,000 more jobs this June than in the same month in 2015.
Unemployed without benefits
More than half of unemployed Vermonters did not receive unemployment compensation in 2014. The data don’t show why. These people may have exhausted their unemployment compensation, or perhaps they didn’t qualify. Read more
High-quality child care in Vermont is too expensive, too hard to find, too far away from too many families, and pays workers far too little. At least that’s what a new report by Let’s Grow Kids found. The supply is particularly bad for infants and toddlers. For the nearly 13,000 of them likely to need care in Vermont, there are fewer than 2,700 high-quality spots available—enough to serve only about 20 percent. And that’s statewide. In some rural areas, there are high quality spots for fewer than 10 percent of infants and toddlers. Read more