Vermont Q2, 2019 Employment Statistics

  • 26,065 employers, up 1.9% from 25,580
  • 309,328 employees, up 0.2% from 308,762
  • $929 average weekly wage, up 2.7% from $905
  • The average weekly wage is 15.2% below the national average
  • The cost of living is 14.5% above the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 485, which is an increase of 1.9%. The number of employees in Vermont increased by 565, an increase of 0.2%. During this same period, the average weekly wage increased by $24, an increase of 2.7%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 518 or 2.2%. Growth in private businesses in Vermont grew slower than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 998 or 0.4%. The growth in employees of private businesses in Vermont was slower than the national average of 1.4%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $22 or 2.5%. Growth in average weekly wage of employees of private businesses in Vermont grew slower than the national average of 3.8%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Professional services with 14.7% of the businesses in the state. The number of businesses in this sector increased by 7.1%. Retail trade (11.4%), which decreased by 0.7% and Construction (10.9%), which decreased by 1.2%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Professional services2537.1%
Waste services1085.6%
Educational services234.8%
Agriculture and forestry214.3%
Information193.8%
Other services583.0%
Wholesale trade392.7%
Arts and entertainment102.3%
Finance and insurance171.8%
Mining and oil extraction11.8%
Healthcare231.2%
Transport and warehousing50.9%
Manufacturing50.5%
Real estate and rental10.1%
Accommodation and food services-11-0.6%
Retail trade-21-0.7%
Company management-1-0.9%
Construction-34-1.2%
Utilities-2-3.4%


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 a decrease in employees of -0.1% in the last year. Retail trade (11.9%), decreased by 1.8% and Accommodation and food services (10.0%), increased by 2.5%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Agriculture and forestry2116.4%
Real estate and rental953.2%
Transport and warehousing1722.6%
Accommodation and food services7432.5%
Professional services2401.6%
Arts and entertainment601.6%
Finance and insurance991.2%
Other services820.9%
Manufacturing1710.5%
Wholesale trade240.3%
Construction470.3%
Waste services-12-0.1%
Healthcare-47-0.1%
Educational services-39-0.4%
Mining and oil extraction-8-1.3%
Utilities-17-1.3%
Retail trade-676-1.8%
Information-80-1.8%
Company management-71-3.5%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Company management paying $2,163per week compared with the state average of $898. Weekly wages in this sector rose by $451 or 26.3%. Utilities ($1,791), declined by $168 or 8.6% and Professional services ($1,501) increased by $50 or 3.4% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Company management$45126.3%
Information$1069.5%
Waste services$425.4%
Finance and insurance$644.5%
Real estate and rental$334.1%
Educational services$374.0%
Retail trade$244.0%
Mining and oil extraction$423.7%
Professional services$503.4%
Healthcare$263.0%
Other services$152.2%
Construction$192.0%
Accommodation and food services$81.9%
Arts and entertainment$81.8%
Transport and warehousing$141.7%
Agriculture and forestry$101.5%
Wholesale trade$-3-0.3%
Manufacturing$-25-2.2%
Utilities$-168-8.6%


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 1,161 employing 17,660 workers). The Restaurants and other eating places industry had 5 fewer businesses, a decline of 0.4% in the last year. Computer systems design and related services (4.1% of businesses) added 137 businesses, an increase of 14.8% and Residential building construction (3.1% of businesses) had 18 fewer businesses, a decline of 2.2% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Pharmaceutical and medicine manufacturing7116.7%
Commodity contracts brokerage2100.0%
Men's and boys' clothing merchant wholesalers250.0%
Packaged frozen food merchant wholesalers250.0%
Other farm product raw material merch. whls.250.0%
Professional employer organizations250.0%
Limousine service250.0%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Computer systems design and related services13714.8%
Management consulting services488.4%
Office administrative services3713.6%
Employment placement and executive search2535.7%
Landscaping services224.2%
Pharmacies and drug stores1714.9%
Data processing hosting and related services1631.4%


Employees by Industry

Computer systems design and related services (4.1% of employees) added 137 employees, an increase of 14.8% and Residential building construction (3.1% ofemployees) had 18 fewer employees, a decline of 2.2% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Postal service1086.3%
Luggage and leather goods stores777.8%
Lessors of nonfinancial intangible assets969.9%
Direct mail advertising1767.9%
Food crops grown under cover2744.6%
Petroleum bulk stations and terminals4244.1%
All other professional and technical services2843.0%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Hotels and motels except casino hotels2843.2%
Restaurants and other eating places1661.0%
Electronic instrument manufacturing14410.7%
General warehousing and storage14213.0%
Computer systems design and related services1313.2%
Drinking places alcoholic beverages11313.7%
Educational support services9625.5%


Average Weekly Wage by Industry

The industry that pays their employees the most is Commodity contracts brokerage, paying $6,335 compared with the state average of $898. Employees in the Commodity contracts brokerage industry were paid $0 more per week, an increase of 0.0% in the last year. Commodity contracts dealing ($3,777) and Investment banking and securities dealing ($3,670) round out the top 3 industries. Employees in the Commodity contracts dealing ($3,777 per week) were paid $0 more per week, an increase of 0.0% and Investment banking and securities dealing ($3,670 per week) were paid $28 more per week, an increase of 0.8% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Musical groups and artists$50653.9%
All other personal services$28652.7%
Tour operators$31341.7%
Mobile food services$8538.3%
Nonchocolate confectionery manufacturing$7634.1%
Food crops grown under cover$21534.1%
Political organizations$30131.6%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Musical groups and artists$50653.9%
Management of companies and enterprises$45126.3%
Software publishers$42327.5%
Computer and software merchant wholesalers$39813.5%
Plastics materials merchant wholesalers$39117.1%
Direct life and health insurance carriers$37019.0%
Other specialized design services$34929.2%


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 92.4%. (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%.

Top Industries for Business and Employment

The table below illustrates the largest industries in the state, by number of businesses:

Table: Top 10 Industries by # of Businesses
Industry# Businesses% Change
Restaurants and other eating places1,161-0.4%
Computer systems design and related services1,06214.8%
Residential building construction801-2.2%
Management consulting services6198.4%
Landscaping services5414.2%
Offices of lawyers391-2.2%
Gasoline stations with convenience stores375-1.1%
Private households3750.3%
Accounting and bookkeeping services3510.6%
Automotive mechanical and electrical repair3451.2%


The table below illustrates the largest industries in the state, by number of employees:

Table: Top 10 Industries by # of Employees
Industry# Employees% Change
Restaurants and other eating places17,6601.0%
Hotels and motels except casino hotels9,1453.2%
Supermarkets and other grocery stores8,082-0.3%
Services for the elderly and disabled7,7190.4%
Offices of physicians5,1010.6%
Colleges and universities5,074-2.3%
Computer systems design and related services4,2303.2%
Nursing care facilities skilled nursing3,688-1.2%
Gasoline stations with convenience stores3,584-2.7%
Outpatient mental health centers3,456-1.8%


The table below illustrates the largest industries in the state, by highest wages:

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Commodity contracts brokerage$6,3350.0%
Commodity contracts dealing$3,7770.0%
Investment banking and securities dealing$3,6700.8%
Computer and software merchant wholesalers$3,33613.5%
Plastics materials merchant wholesalers$2,68217.1%
Securities brokerage$2,499-20.9%
Nonscheduled air transportation$2,3746.8%
Medical equipment merchant wholesalers$2,3455.2%
Direct life and health insurance carriers$2,31819.0%
Portfolio management$2,28913.4%




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.