Vermont unemployment rate drops

AP News
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Posted: Dec 21, 2011 10:10 AM
Vermont unemployment rate drops

The Vermont Department of Labor says the state's unemployment rate dropped three-tenths of one percent last month to 5.3 percent.

The rate is lower than the 5.8 percent rate in November 2010. It's dropped six-tenths of a percentage point over the past three months.

Labor Commissioner Annie Noonan calls the number good news as one measure of Vermont's economic health.

Noonan said Tuesday that many Vermont businesses are hiring, particularly in manufacturing, computer and web design, engineering, retail, food services and hospitality.

But Noonan cautioned that unemployment could go up during the winter because of seasonal layoffs.

Unemployment in Vermont's 17 labor markets ranged from 3.4 percent in Hartford to 7 percent in Newport.