• Vt. unemployment rate drops again
    April 20,2013
     

    Unemployment

    rate drops again

    MONTPELIER ó The Vermont Labor Department says the stateís unemployment dropped to 4.1 percent in March, the eighth straight month without an increase.

    Last monthís rate was far below the national rate for March of 7.6 percent.

    Vermont Labor Commissioner Annie Noonan said Friday that Vermontís economy is moving from winter to spring employment. She says as the ski areas are winding down, the construction and hospitality sectors are gearing up and are expected to be hiring.

    But she says the Labor Department is concerned about possible job reductions in the defense-related industries from the automatic federal budget cuts.

    Around the state, jobless rates ranged from a high of 7.6 percent in Newport to a low of 2.9 percent in the Warren-Waitsfield area.

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