Burlington has lowest unemployment rate east of the Mississippi

first_imgWith Labor Day figures showing the nation’s unemployment rate stuck at 9.6 percent, the Burlington area’s employment figures continue to be well below the national and state average. With an unemployment rate of 5 percent (July), the Burlington/South Burlington Metropolitan Statistical Area (which includes all of Chittenden, Franklin and Grand Isle Counties) has the lowest rates of any MSAs east of the Mississippi, and is 7th lowest in the nation out of 372 MSAs. The state rate was 6 percent.‘Mayor Kiss is pleased that employment numbers in Burlington and the area are not only healthy, but among the lowest in the nation during this difficult time,’ said Joe Reinert, Assistant to and spokesman for Mayor Bob Kiss. ‘As we have continued to unroll a major infrastructure investment in the City’s roads this summer, these numbers are a positive indication for business and people in Burlington.’To those closely tuned in to the local economy, the unemployment figures are in line with how Burlington has weathered the economic downturn. ‘I am very pleased with how we are doing nationally. Thankfully, we have not experienced the downturn in the same way that many cities in the nation have,’ says Bruce Seifer, Assistant Director of Economic Development for Burlington’s Community & Economic Development Office (CEDO). ‘With locally owned companies such as Dealer.com choosing to stay and grow their businesses in Burlington,’ says Seifer, ‘I see that trend continuing.’The health of the local economy is evident in the South End of Burlington, where Dealer.com is based. In April, the company announced plans for a $10 million expansion, and with it the creation of 300 new jobs over the next three years. ‘We are happy to be a part of Burlington’s success and make our contribution to the area’s economy,’ says Mike Lane, Dealer.com’s Chief Operating Officer and Founder.Source: City of Burlington. Vermont Department of Labor. 9.9.2010- 30 –last_img

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