09.29.2010 0

Recovery Summer and Stimulus: Vermont

Continuing on the Recovery Summer and Stimulus: State by State, we head to Vermont.

Quick Vermont facts:

  • In January of 2009, the unemployment rate in Vermont was 6.2%. As of July 31, 2010, the unemployment rate was 6.0% (Source: Bureau of Labor Statistics)
  • According to Recovery.gov, Vermont has received only 1,399 awards. This has resulted in $754,251,601 being spent to create/save 1,460.63* jobs (Source: Recovery.gov)
  • As of July 2010, the labor force in Vermont shrunk by 3,859 people since January of 2009. (Source: Bureau of Labor Statistics)
  • According to the Recovery Summer Map, Vermont boasts zero “Summer of Recovery” projects!
  • The number of people employed in Vermont has fallen by 2,808 people since January of 2009! (Source: Bureau of Labor Statistics)
  • The Obama administration projected the change in jobs by December 31, 2010 to be +8,000 jobs. To date, Vermont has lost 8,400 jobs. (Source: Ways & Means Republicans)

The employment trend in Vermont has been a roller coaster. While the employment situation was in decline throughout 2009, a “recovery” can be noticed beginning throughout the end of 2010 and coming to a sharp end around mid-spring 2010. While Vermont has seen a net decrease in it’s unemployment rate since January of 2009, if the current trend holds, the unemployment rate will be increasing. (Source: Bureau of Labor Statistics)

Read more on Recovery Summer and the Stimulus Effects on States.

*: The number of jobs created/saved conflicts with other government sources on Recovery.gov. This number was pulled from the latest figured offered on Recovery.gov

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