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High Tech Industry


Source: Bureau of Labor Statistics, NAICS

High-tech jobs have grown relatively consistently over the past few decades in Vermont. Jobs accounted for here have industry codes constituting high-technology industries as defined by the National Science Foundation and were taken from Bureau of Labor Statistics data.


Source: Bureau of Labor Statistics, NAICS

The number of Vermont high-tech firms reached an all-time high in 2017. However, Vermont is still below the national average when considering high-tech firms as a percentage of all business establishments.


Source: Bureau of Labor Statistics, NAICS

The share of jobs attributable to the high-tech industry has tapered off in recent years both in Vermont and nationwide. The sector currently accounts for 9% of private sector jobs in Vermont and 10% of private sector jobs around the country.


Source: Bureau of Labor Statistics, NAICS

Wages for high-tech workers saw wages have increased at a significantly faster rate than average wages for the private sector. In the US, wages for high-tech workers have increased by 31% since 1998 compared to an 19% average increase for the private sector. In Vermont, high-tech wages have increased by 28% (vs. 18% average). Vermont continues to lag behind substantially in high-tech earnings compared to other states and national averages.


Source: National Science Foundation

This chart shows employment in high tech as share of total private sector employment. Vermont’s high tech employment share has gone up recently from just over 8% to 9.3%, and the state has moved up in relative share compared to other states – from 40th to 34th out of 51 (including the District of Columbia).