All Northwest Region children and adults have the education, skills, and opportunities, necessary to meet their full economic and social potential and well-being.
Unemployment Rate-Northwest Region
Current Value
2.7%
Definition
Story Behind the Curve
The COVID-19 pandemic resulted in immediate high unemployment rates, topping 14% statewide in the spring of 2020. Since then, Vermont has had a strong economic recovery. The region consistently has an unemployment rate at or lower than the statewide rate. In 2022, the unemployment rate has been under 3%, a sign of a tight labor market.
Why Is This Important?
This number represents the yearly average unemployment rate. An unemployment rate of between 3%-5% is generally considered optimal with rates of below 3% are a sign of a tight labor market.
Clear Impact Suite is an easy-to-use, web-based software platform that helps your staff collaborate with external stakeholders and community partners by utilizing the combination of data collection, performance reporting, and program planning.