At 2.3%, Vermont’s March unemployment rate is a record low

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FILE In this June 21, 2018 file photo, a job applicant looks at job listings for the Riverside Hotel at a job fair hosted by Job News South Florida, in Sunrise, Fla. Economists forecast that employers added 191,000 jobs in July, down from 213,000 in June but easily enough to lower the unemployment rate over […]

Vermont’s Labor Department says the state’s unemployment rate is the lowest it’s ever been since the U.S. Bureau of Labor Statistics started its online monthly records in 1976.

The jobless rate for March was 2.3 % — a drop of one-tenth of one percentage point from February. The department said the estimate of 7,971 unemployed Vermonters is the lowest monthly estimate since the federal agency started the online historical series 43 years ago.

Vermont Labor Commissioner Lindsay Kurlee said Friday that “unadvertised job openings appear to be growing share of the opportunities in Vermont.” She says it appears as if companies are suffering from job “posting fatigue.”

The unemployment rate ranged from 1.8 % in Burlington-South Burlington, White River Junction and Woodstock to 4.7 % in Derby.
 

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