VT Unemployment Rate Falls To 3.7%

VT Unemployment Rate Falls To 3.7%

While the Labor Department is happy about it, others say, don't be tricked.
MONTPELIER, Vt. -

New numbers show Vermont's jobless rate keeps going down.

In February, 3.7% of Vermonters were out of work. That's down .3% from the month before.

The national average is 6.7%.

Vermont consistently has one of the lowest unemployment rates in the country.

While the Labor Department is happy about it, others say, don't be tricked.

“The unemployment rate in Vermont measures nothing,” said Dr. Robert Letovsky, Chair of the Dept. of Business Administration at St. Michael’s College. “The only people who can afford to stay and live in Vermont are either the people who have a job or the people who are on social assistance. Someone who is in the middle, meaning they are looking for work, cannot afford to stay here, that tends to be young people, and they leave."

Another factor is that people who stop looking for work and turn to social assistance, are no longer considered unemployed.

That could also affect the rate.


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