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Unemployment Rate, Chittenden County
Current Value
2.1%
Definition
Comparison
Story Behind the Curve
Chittenden County's unemployment rate has decreased since 2009 and has been consistently lower when compared to Vermont, New England, and the United States. The unemployment rate is the number of the people working divided by the number of people unemployed. A person is considered to be unemployed if they are without a job and actively looking for work. Unemployment rates typically lag behind economic events because it can take months for a company to develop a lay-off plan.
To view the comparison to Vermont, New England, and the United States click the Toggle Comparison button.
Why Is This Important?
The County’s labor force has a relatively low unemployment rate which is a good indicator to gauge the County’s economy and how confident businesses are to hire new workers.
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