Vt. growth in jobs, wages lag nationSTAFF REPORT | August 18,2013Employment in Vermont grew less than 1 percent last year while the average weekly wage was also less than the national average.
Key points in the report by the New England Information Office of the U.S. Bureau of Labor Statistics:
Vermont’s only large county, Chittenden County, reported an employment gain of 0.2 percent from December 2011 to December 2012. (Large counties are defined as those with employment of 75,000 or more). Statewide, employment grew at a rate of 0.7 percent compared to a national average of 1.9 percent.
Nationally, employment increased in 287 of the 328 largest counties from December 2011 to December 2012.
In Vermont, employment was highest in Chittenden County and stood at 98,986 in December 2012, accounting for 32.3 percent of total state employment. Nationwide, the large counties made up 71.3 percent of total employment.
Chittenden County wages increased an average of 4.1 percent from the fourth quarter of 2011. Wages were up 2.5 percent over the year in the state and increased 4.7 percent nationwide.
The average weekly pay in all 14 Vermont counties was below the national average of $1,000. Chittenden County reported the highest wages in the state at $981 a week, placing it 109th among large U.S. counties.
Essex County reported the lowest wages at $638 a week. Statewide, the average weekly wage was $829.
The data is derived from the quarterly census of employment and wages which is based on unemployment insurance summaries.MORE IN National / World BusinessWASHINGTON — More Americans signed contracts to purchase homes in May, as pending sales climbed... Full StoryWASHINGTON — The issue of climate change and steps to slow its progress are expected to dominate... Full StoryLast summer, a group of Vermont business investors and advisers went on a motorcycle tour of the... Full Story
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