Annie Noonan

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Unemployment remains at 3.7 percent

MONTPELIER — Vermont’s seasonably-adjusted unemployment remained level in October at 3.7 percent, the Vermont Department of Labor announced Friday. October’s unemployment rate matched the revised number from September. The national average in October was 5 percent, according to the department. The October rate, the eighth-lowest in the country, makes the night consecutive month of unemployment below 4 percent. Labor Commissioner Annie Noonan noted a sharp drop in the labor force from September to October of more than 2,000 people. Continue Reading →

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Unemployment rate drops to pre-recession level

MONTPELIER — Vermont’s unemployment rate for February was the lowest in nearly eight years. The state Department of Labor released its monthly jobs report Friday, showing the state had a seasonally adjusted unemployment rate of 3.9 percent for February, a decrease of 0.2 percent compared with the month before. According to the report, February was the first time the state unemployment rate has fallen below 4 percent since May 2007. “Vermont’s unemployment rate — at 3.9 percent — is back as low as those reported before the recession,” said Annie Noonan, commissioner of the state Department of Labor, who noted the report is a sign of “better economic conditions in certain parts of the state.”

Of the 17 labor markets around the state — statistics for which are not seasonally adjusted — every one of them saw a decline in unemployment, with some regions, such as Bennington, Rutland and Barre-Montpelier seeing a monthly drop of 0.6 percent. The Burlington-South Burlington region had the lowest monthly unemployment rate at 3 percent, while Derby continued to have the highest unemployment rate at 7.7 percent. Continue Reading →

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Vermont unemployment steady in January at 4.1 percent

MONTPELIER, Vt. (AP) — The Vermont Department of Labor says the state’s unemployment rate held steady in January at a rate of 4.1 percent. For 2014, the annual average statewide unemployment rate was also 4.1 percent, a decrease of 0.3 percent from the 2013 annual average. Labor Commissioner Annie Noonan says that calendar year 2014 showed continued economic improvement from the previous year and the revised figures are stronger than initially reported. The January figure of 4.1 percent unemployment was also the same rate for January 2014. Continue Reading →

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State unemployment rate falls in December (and for the year)

MONTPELIER – Vermont’s unemployment rate for 2014 was one-half of 1 percent lower than it was for 2013, according to statistics released Tuesday by the Department of Labor. December saw a small decline in the seasonally adjusted unemployment rate, falling to 4.2 percent, compared with the revised unemployment rate of 4.4 percent for November. Overall, the nation’s seasonally adjusted unemployment rate fell at the same rate as Vermont, falling from 5.8 percent in November to 5.6 percent in December. With December’s numbers now on the books, the state’s seasonally adjusted unemployment rate for 2014 was 3.9 percent, down from 4.4 percent for 2013. For the months of November and December, Vermont had the 10th-lowest unemployment rate in the nation. Continue Reading →

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