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Vermont job-seekers find fewer options
Jobs Brief
|Jobs, Workers, Wages
Vermonters may be feeling the effects of a tightening job market. Job openings in the state have fallen to their lowest level since November 2020, dropping by 4,000 positions between February and March. These openings include both full-time and part-time jobs for which employers are actively recruiting. Some of the decrease is due to employers filling positions, and some is likely due to postings getting pulled down. Meanwhile, the number of unemployed Vermonters increased over the same period, leaving fewer job openings per unemployed person. The last time Vermont had such a low number of openings per person seeking work was March 2021.
The unemployment rate ticked up to 2.7 percent in April, continuing its upward trend since hitting a record-breaking low in May 2023. The increase indicates a higher number of unemployed people as a percentage of the labor force. The labor force includes people working and those looking for work. While the number of unemployed individuals increased, the number with jobs fell, resulting in a net decrease in the total labor force.
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