Vermont unemployment rate holds at 2.9 percent in October

Unemployment in Vermont held steady in October at a low of 2.9 percent, according to a Vermont Department of Labor’s announcement last week.

The seasonally adjusted statewide rate was unchanged from the revised September rate. Nationally, unemployment stood at 4.1 percent in October.

Based on the preliminary data, the Burlington-South Burlington metropolitan area was tied for the 15th-lowest unemployment rate in the nation. Overall, Vermont’s unemployment rate was the seventh lowest state in the country for the same time period, the Labor Department reported.

The department breaks the state down into 17 labor market areas. Unemployment rates across those areas ranged from 1.8 percent in White River Junction to 3.4 percent in Derby, according to the Labor Department report. Local labor market area rates are not seasonally adjusted. For comparison, the October unadjusted statewide unemployment rate was 2.3 percent, reflecting a drop of six-tenths of one percentage point from the unadjusted September level and two-tenths of one percentage point lower than the same rate for October 2016, the department said.

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