THE LATEST FROM THE VERMONT SENATE:
On education funding reform
05/23/25 11:10 AM update
05/23/25 11:10 AM update
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The economy grew, but the labor force shrank
Jobs Brief
|Jobs, Workers, Wages, Labor force
Vermont produced $45.7 billion in goods and services last year. That was a 2.3 percent increase in the state’s gross domestic product, after adjusting for inflation. The increase was better than the previous year, but the smallest increase among the New England states.
Meanwhile, Vermont total personal income reached $45.5 billion in 2024. That represented a 4.9 percent increase from 2023, but the smallest increase in the New England states and smaller than the country as a whole.
This month
The number of Vermonters in the labor force decreased for the second month in a row in March. This two-month decrease follows 51 consecutive months of growth that started in October 2020. The labor force includes Vermonters 16 years and older who are working or unemployed and actively looking for work.
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