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Vt. unemployment rate continues to drop - WCAX.COM Local Vermont News, Weather and Sports-

Vt. unemployment rate continues to drop

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MONTPELIER, Vt. -

Vermont's unemployment rate dropped slightly last month.

The state labor department says the seasonally-adjusted statewide jobless rate for October was 4.5 percent -- that's a tenth of a point lower than September. The national average for October was 7.3 percent which was up one-tenth.
    
The October drop in Vermont was the first time in five months Vermont has seen a decline. The trend in recent years has been for a steady drop in unemployment during the Fall and Winter months, with a slight up-tick in the summer.

The labor department says the latest numbers continue to show signs of economic growth. In terms of total employment, the state is now within 2,000 jobs of the pre-recession peak in June of 2007.

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