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All Northwest Region children and adults have the education, skills, and opportunities, necessary to meet their full economic and social potential and well-being. and 3 more... less...

Retain and support existing employers and job growth, grow target sector employers and entrepreneurs, and work to attract a greater diversity of employers and employees.

Measure the successful implementation of the Northwest Regional Plan, which contains six guiding principles for the future of the region: Coordinate and leverage state, local and federal policies and investments; Provide more transportation choices; Promote equitable, affordable housing; Enhance economic competitiveness; Support existing communities; Value communities and neighborhoods.

Ensure that opportunities to experience, participate in, and benefit from the economy are available to everyone.

Unemployment Rate-Northwest Region

Current Value

2.7%

2022

Definition

Line Bar Comparison

Story Behind the Curve

The COVID-19 pandemic resulted in immediate high unemployment rates, topping 14% statewide in the spring of 2020. Since then, Vermont has had a strong economic recovery. The region consistently has an unemployment rate at or lower than the statewide rate. In 2022, the unemployment rate has been under 3%, a sign of a tight labor market.

This number represents the yearly average unemployment rate. An unemployment rate of between 3%-5% is generally considered optimal with rates of below 3% are a sign of a tight labor market. 

Clear Impact Suite is an easy-to-use, web-based software platform that helps your staff collaborate with external stakeholders and community partners by utilizing the combination of data collection, performance reporting, and program planning.

Scorecard Container Measure Action Actual Value Target Value Tag S A m/d/yy m/d/yyyy