Vermont unemployment rate falls again, now 2.9 percent

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The Department of Employment and Workforce said Friday the state's jobless rate in September fell to 3.9 percent from 4 percent in August. That unemployment rate is down seven-tenths of a percentage point from 3.2 percent.

EDD said the number of unemployed Californians was 986,000 last month, up 13,000 from August but down 37,000 compared with September a year ago. Year-over-year, there was an overall gain 280,300 jobs, a 1.7 percent increase. The seasonally adjusted rate factors influences such as weather, holidays and the opening and closing of schools. It's also slightly down from 4 percent a year ago.

The 5.1 percent jobless rate matched that reported in August, the first time in six months that statewide unemployment surpassed the 5 percent threshold. Students, career changers, re-entrants to the labor market - whatever your individual situation, there are opportunities for you in Vermont. The number of people actively participating in the labor force increased 18,700 over the month to 3,010,600, according to a news release from the department, and the number of people reporting themselves as employed increased 14,800 to 2,934,100.

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Employers in Colorado added 4,000 nonfarm payroll jobs from August to September for a total of 2,656,200 jobs, according to the survey of business establishments. The number of employed increased by 650 and the number of unemployed decreased by 300. At 24 consecutive months, ME is experiencing the second-longest sustained period in over 40 years with an unemployment rate of 4 percent or lower, it said.

The September unemployment rates for Vermont's 17 labor market areas ranged from 2.3 percent in White River Junction to 4.3 percent in Bennington and Derby (note: local labor market area unemployment rates are not seasonally-adjusted).

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