Overall unemployment rate moved down to 1.7% with the biggest shift in Government, which lost 2,200 roles, based on the most recently available information published in June 2022.
Total employment in the Burlington-South Burlington, VT market declined by 153 jobs in May and the unemployment rate decreased compared to the prior month by 20 bps to 1.7%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Burlington-South Burlington, VT unemployment rate is 168 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 7.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Education & Healthcare: 22,000; -200
- Transportation & Utilities: 21,100; -300
- Government: 20,000; -2,200
- Business Services: 16,200; +400
- Manufacturing: 12,400; +200
- Restaurants & Hotels: 11,200; +500
- Construction, Mining: 6,100; +300
- Financial Services: 4,500; no change
- Other Jobs: 4,000; no change
- IT & Development: 2,200; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.