Public Assets Institute > Policy Areas > Family Economic Security > Vermont’s economy grew, job openings fell

Vermont’s economy grew, job openings fell

Vermont’s economy grew 2.8 percent, after adjusting for inflation, in 2022—the second year of growth after a drop in 2020 at the start of the pandemic. Data released by the Bureau of Economic Analysis at the end of March show that Vermont’s gross state product—the total value of all goods and services—saw the highest growth rate in New England. 

In 2022 Vermont’s gross state product also surpassed $40 billion for the first time, a rise from 2021 of more than $3.5 billion in unadjusted dollars.



Vermont job openings numbered 20,000 in February and March 2023, matching the lowest monthly number in 2022. Meanwhile, this March 9,217 people looked for work in Vermont; the number dropped to 8,311 in April.





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