Public Assets Institute > Policy Areas > Family Economic Security > More Jobs, Clustered in Low-Wage Sectors

More Jobs, Clustered in Low-Wage Sectors

F1-MJB053As during much of 2013, Vermont’s November employment numbers released today by the U.S. Bureau of Labor Statistics provide a mixed message. The unemployment rate inched down to 4.4 percent, mainly because fewer Vermonters are looking for work. At the same time, employers reported 2,200 more Vermonters on the job than in October, with most of those newcomers T1-MJB053in traditionally low-wage service sectors.




F2-MJB053Private sector: Waning gains
In 2009, in the depths of the recession, Vermont’s private sector created 20,000 new jobs and shed 30,000—a net loss of 10,000. During the 12 months that ended in March 2012, Vermont saw a net gain of almost 5,000 private sector jobs. In the year ending March 2013, job growth slowed again. The private sector created nearly 22,300 jobs, but lost almost 20,000 during the same period through business closings or layoffs.



F3-MJB053So many applicants, so few jobs
Fewer jobs mean more competition for job-seekers. In the fall of 2007, there were about nine unemployed workers for every five job openings in the Northeast. In October 2013, the competition was nearly twice as fierce—17 job-seekers per five openings. The U.S. Bureau of Labor Statistics does not keep job opening data on individual states. The Northeast region includes the New England states, New Jersey, New York, and Pennsylvania.

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