Thanks to the Public Assets Institute for this update.
Many Vermonters are not benefiting from the state’s economic growth. That’s the central message of State of Working Vermont 2018. The data are new. But the message was similar in the 2017 report—and the year before that, and the year before that.
State of Working Vermont, based on U.S. Census and economic data through 2017, showed that the Vermont economy grew last year—not as much as the rest of the country, but more than three of the other New England states. Even with its overall growth, however, Vermont was one of 10 states where income for the typical household fell in 2017.
State of Working Vermont 2018 includes indicators designed to answer three questions:
- Did the overall Vermont economy grow, and who benefited?
- Were Vermonters able to make ends meet?
- How was the job market for Vermonters, and who was working?