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High Tech Industry

Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages

After a slight dip in 2014, growth in high tech jobs led to the number of high tech jobs in Vermont surpassing 33,000 in 2016.

Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages
The number of Vermont High Tech firms reached an all-time high in 2016. Many high-tech jobs in Vermont are in organizations not devoted exclusively to high-tech, which is why high tech job growth and high tech firm growth do not track together entirely.

Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages

In 2014 the share of jobs attributable to High Tech in Vermont dropped to just 8% of overall employment. This was substantially below the national level of 12%, and a 10 year low for Vernont. But in 2016 Vermont’s share of workers in High Tech nudged up again to 10%, while at the same time the national rate dropped down to 9%. (This data only represents the private sector.)

Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages

While private sector earnings remained flat overall, high tech workers saw wages rise in Vermont, on trend with a national rise in high tech wages. Vermont continues to lag behind substantially in high tech earnings compared to other states and national averages.

Source: Bureau of Labor Statistics, QCEW

This chart shows employment in high tech as share of total private sector employment. Vermont’s high tech emplyment 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).