Vermont Q1, 2019 Employment Statistics

  • 25,877 employers, up 1.7% from 25,445
  • 309,080 employees, up 0.5% from 307,662
  • $950 average weekly wage, up 3.7% from $916
  • The average weekly wage is 19.8% below the national average
  • The cost of living is 18.7% above the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 432, which is an increase of 1.7%. The number of employees in Vermont increased by 1,417, an increase of 0.5%. During this same period, the average weekly wage increased by $34, an increase of 3.7%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 461 or 1.9%. Growth in private businesses in Vermont grew slower than the national average of 3.0%. The number of employees in these businesses increased since last years' Q1, increasing by 975 or 0.4%. The growth in employees of private businesses in Vermont was slower than the national average of 1.7%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $41 or 4.6%. Growth in average weekly wage of employees of private businesses in Vermont grew faster than the national average of 3.0%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Professional services with 14.6% of the businesses in the state. The number of businesses in this sector increased by 7.2%. Retail trade (11.4%), which decreased by 2.8% and Construction (11.0%), which increased by 0.8%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Professional services2537.2%
Waste services1136.0%
Educational services265.5%
Information102.0%
Mining and oil extraction11.8%
Wholesale trade261.8%
Real estate and rental131.8%
Finance and insurance151.6%
Arts and entertainment61.4%
Agriculture and forestry71.4%
Transport and warehousing61.1%
Other services221.1%
Healthcare201.0%
Construction220.8%
Accommodation and food services50.3%
Manufacturing20.2%
Company management-1-0.9%
Utilities-1-1.7%
Retail trade-84-2.8%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 16.9% of the employees in the state, had an increase in employees of 0.8% in the last year. Retail trade (11.9%), decreased by 1.2% and Accommodation and food services (11.3%), decreased by 1.3%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Mining and oil extraction214.0%
Arts and entertainment1373.4%
Real estate and rental893.1%
Agriculture and forestry872.9%
Transport and warehousing1372.1%
Professional services2892.0%
Wholesale trade1321.5%
Waste services1531.4%
Manufacturing3671.3%
Finance and insurance891.0%
Healthcare4350.8%
Construction990.7%
Other services440.5%
Educational services-27-0.2%
Utilities-5-0.5%
Information-47-1.1%
Retail trade-469-1.2%
Accommodation and food services-466-1.3%
Company management-92-4.5%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Company management paying $2,832per week compared with the state average of $935. Weekly wages in this sector rose by $691 or 32.3%. Utilities ($2,320), declined by $28 or 1.2% and Finance and insurance ($1,861) increased by $46 or 2.5% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Company management$69132.3%
Waste services$566.8%
Professional services$1016.6%
Accommodation and food services$255.9%
Healthcare$475.4%
Manufacturing$625.3%
Transport and warehousing$324.1%
Other services$253.7%
Retail trade$213.6%
Information$413.5%
Agriculture and forestry$203.1%
Finance and insurance$462.5%
Construction$171.8%
Real estate and rental$30.3%
Educational services$10.1%
Utilities$-28-1.2%
Wholesale trade$-53-4.0%
Arts and entertainment$-27-5.6%
Mining and oil extraction$-72-5.8%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In Vermont. the industry with the most businesses is Restaurants and other eating places with 4.5% of the businesses in the state (with 1,152 employing 17,362 workers). The Restaurants and other eating places industry had 6 more businesses, an increase of 0.5% in the last year. Computer systems design and related services (4.0% of businesses) added 122 businesses, an increase of 13.4% and Residential building construction (3.1% of businesses) added 2 businesses, an increase of 0.2% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Commodity contracts brokerage2100.0%
Commodity contracts dealing266.7%
Pharmaceutical and medicine manufacturing466.7%
Employment placement and executive search3153.4%
Men's and boys' clothing merchant wholesalers250.0%
Other farm product raw material merch. whls.250.0%
Interior design services541.7%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Computer systems design and related services12213.4%
Management consulting services508.9%
Office administrative services3914.9%
Employment placement and executive search3153.4%
Data processing hosting and related services1837.5%
Engineering services176.1%
Landscaping services153.0%


Employees by Industry

Computer systems design and related services (4.0% of employees) added 122 employees, an increase of 13.4% and Residential building construction (3.1% ofemployees) added 2 employees, an increase of 0.2% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Support activities for crop production96132.3%
Luggage and leather goods stores791.7%
Lessors of nonfinancial intangible assets1181.5%
Mobile food services1480.8%
Soft drink and ice manufacturing1754.7%
Tile and terrazzo contractors950.6%
Petroleum bulk stations and terminals4244.1%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Restaurants and other eating places1761.0%
Medical equipment and supplies manufacturing15527.6%
Electronic instrument manufacturing14911.4%
Food service contractors1247.4%
New car dealers1163.7%
Temporary help services1154.8%
Management consulting services1129.2%


Average Weekly Wage by Industry

Computer systems design and related services ($4) and Residential building construction ($3) round out the top 3 industries. Employees in the Computer systems design and related services ($4 per week) were paid $122 more per week, an increase of 13.4% and Residential building construction ($3 per week) were paid $2 more per week, an increase of 0.2% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Mobile food services$16076.9%
Food crops grown under cover$42356.9%
Support activities for crop production$33256.2%
Rooming and boarding houses$11436.1%
Plastics materials merchant wholesalers$92835.3%
Printing and writing paper merch. whls.$53835.1%
Industrial building construction$31932.8%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Plastics materials merchant wholesalers$92835.3%
Management of companies and enterprises$69132.3%
Printing and writing paper merch. whls.$53835.1%
Food crops grown under cover$42356.9%
Transport. goods merchant wholesalers$39919.3%
Paint and supplies merchant wholesalers$38326.8%
Wholesale trade agents and brokers$36924.1%


Company Size

Vermont Businesses by Size

The solopreneur company, has the most businesses in Vermont by far. 62.8% of all businesses in the state have fewer than 5 employees. The 23,597 small businesses in the state represent 96.7% of all private businesses. The national average is 92.9%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Vermont added 461 businesses in the last year, an increase of 1.9% as compared to the national average of 3.0%.

Small businesses are defined as companies with fewer than 50 employees. These small businesses added 460 businesses in the last year, which is an increase of 2.0% as compared to the national average of 3.1%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 0 businesses in the last year, which is an increase of 0.0% as compared to the national average of 1.3%.

Large businesses are defined as companies with more than 500 employees. These large businesses added 1 businesses in the last year, which is an increase of 2.9% as compared to the national average of 2.1%.



Vermont Employees by Business Size

Vermont added 2,924 employees in the last year, an increase of 1.2% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 1,983 businesses in the last year, which is an increase of 9.2% as compared to the national average of 4.2%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses lost 480 employees in the last year, which is a decrease of 0.6% as compared to the national average of 4.7%.

Large businesses are defined as companies with more than 500 employees. Large businesses added 1,421 employees in the last year, which is an increase of 3.8% as compared to the national average of 9.2%.

Vermont Avg Weekly Wages by Business Size

The smallest companies in Vermont (those with fewer than 5 employees) pay workers 3.8% more than the national average ($1,045 per week as compared to the national average of $1,005 per week). The largest companies in Vermont (those with more than 1,000 employees) pay 63.9% workers below the national average ($1,167 per week as compared to the national average of $1,913 per week).

Average weekly wages in small businesses added $124 per week in the last year, which is an increase of 3.8% as compared to the national average of 3.1%. Employees of mid-sized businesses added $89 in wages per week in the last year, which is an increase of 2.9% as compared to the national average of 1.3%.

Employees of large businesses added $185 of weekly wages in the last year, which is an increase of 9.2% as compared to the national average of 2.1%.



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.