For about an hour lawmakers and policy experts gathered at the Pavilion Building to hear a comprehensive report by Legislative Economist Tom Kavet on the state of the Vermont economy and how it fits into the larger national trends.
Vermont has the lowest unemployment rate in the nation, but some able-bodied Vermonters still are not joining the workforce for a variety of reasons — including fear of losing welfare benefits.
Shouldn’t we want to help rather than harm our local businesses and be competitive with other states? But the criticism was that there is “no evidence” that Vermont’s business climate was the reason for Energizer’s departure. Really?
Lately the media has paid some much-needed attention to Vermont’s financial challenges related to unfunded pension liabilities, demographic changes and labor force at the state level. However, our towns must deal with many of the same and similar challenges.
Numbers in the latest jobs report from New Hampshire Employment Security showed that from September to October, the state’s labor force increased by 1,730, to an all-time high of 774,540. The total number of employed residents also went up – to 754,600.
Of New Hampshire’s New England competitors, Connecticut ranked 13th, Massachusetts 17th, Maine 36th, Rhode Island 38th, and Vermont 47th. The only states below Vermont were Alaska, West Virginia, and in the cellar, New York.
Over the next few months the Arlington Area Renewal Project will be assisting several young families as they move into their first home that they will own. If someone wishes to spend $100 million or even a quarter-billion dollars on a home, so what?
The new mark came two days after Trump delivered a speech to the Economic Club of New York. Trump told Wall St. executives and economists that a Democratic victory in 2020 would endanger the stock market gains made under his presidency.
“It was the best of times, it was the worst of times.” Charles Dickens might well have been writing about the stark dissimilarities between Vermont’s anemic economy and the Trump national economic boom.
Shrugging off the fading promise of the EB-5’s economic windfall, homebuyers are bidding up the values of properties in Northeast Kingdom county, historically one of Vermont’s weakest for home property values.
The Green Mountain state has finished last or second-to-last every year since 2008. New Hampshire finished 16th, and continues to climb the chart.