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Changing Workforce

Source: Bureau of Economic Analysis

Since 1998 most sectors saw growth except Manufacturing and Information, although these are still sectors with high numbers of employees and high wages. The largest share of job gains has been in health care and social assistance. From 2015 to 2016 the biggest drops were in management and utilities sectors.

Source: U.S. Bureau of Economic Analysis (BEA)

Over time an increasing share of Vermont’s workforce has come to reside outside the state. This chart shows that the employment is rising faster than the resident labor force. This means that Vermont employers are importing more and more workers to fill jobs. This explains part of the divergence between the growth in number of jobs with a relatively flat Vermont workforce.

Source: National Science Foundation

The National Science Foundation is tracking STEM employment gains in six categories: Life Sciences, Computer Science, Physical Science, Social Science, Engineering and Technical Work. In the past decade Vermont STEM gains have been in jobs for Life Scientists, Computer Scientists, Physical Scientists and Engineers.

Census & 2014 ACS 5-year data

While Vermont’s population has been effectively flat for over a decade, its composition is changing rapidly. A growing share of Vermonters are over 50. With no population growth this means a steady decline in the proportion of Vermonters who are in the early stages of career and business development, as well as family formation.