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Vermont Industrial Employment Edges Down For A Third Straight Year

 
 
 
 
Contact: Jennifer Ratcliff
Manufacturers' News, Inc.
(847) 864-9440 ext. 241
jratcliff [at] mni.net




EVANSTON, Ill, March 27th, 2017/Manufacturers' News, Inc./-- Manufacturing jobs in Vermont declined for a third straight year, according to industry data collected by Manufacturers' News, Inc. (MNI), a publisher of industrial databases and directories for all fifty states. MNI reports factory employment in Vermont fell by 213 jobs in 2016, amounting to a half percent loss.

Vermont’s 1,306 manufacturers employ 40,498 in the state, reports MNI. Though the state recovered some jobs in the years following the recession, an overall employment loss of 1.8% in the past three years has erased most of those gains.

“Faced with global competition, high business costs and lagging infrastructure, Vermont has struggled to rebound from the recession,” says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. “However, the state’s workforce is top-notch, and continued efforts on behalf of the Vermont Economic Development Authority (VEDA) have benefited a number of Vermont manufacturing companies in 2017.”

Vermont’s slight loss was led by the electronics industry, which declined by 1.6% in 2016, and remains the state’s second largest sector by employment, employing 4,604. Additional losses were recorded in paper products, down 6%; printing/publishing, down 4.2%; fabricated metals, down 3%; and lumber/wood, down 2%, following the closure of Amoskeag Woodworking in Fairfax.

These losses were offset, however, by employment gains in food processing, which rose 2.2% and ranks as the state’s top sector by number of jobs, employing 5,618. MNI recorded additional gains in chemicals, up 5%, and industrial machinery, up 1.3%.

Manufacturing companies announcing new operations in Vermont included Blake Hill Preserves, which established a new facility in Windsor, and Konrad Prefab, which broke ground on a new factory in Springfield.

City data collected by MNI shows Essex Junction remains the state’s top city by industrial employment, with 3,940 jobs, down 3.3% over the year. Manufacturing jobs held steady in second-ranked Burlington at 2,980 workers, and were also unchanged in third-ranked Rutland at 2,031. Brattleboro ranks fourth with 1,918 industrial jobs, with no significant change reported, and fifth-ranked Williston accounts for 1,660, up 2.3%.

Established in 1912, MNI is the nation’s oldest and largest compiler of industrial information, offering tailored solutions to help customers connect with 430,000 manufacturers and suppliers. MNI’s industrial marketplace IndustryNet: http://www.industrynet.com is a one-stop resource that connects buyers with suppliers of 10,000 + products and services, and allows users to obtain competitive quotes, create and view company profiles, post company news releases, photos, videos, job openings, and more. MNI’s subscription service EZ Select: http://www.ezselect.com provides access to MNI’s live interactive database of manufacturers. For more information, contact MNI at 847-864-7000 or visit http://www.mni.net
 
 
 
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