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Vermont Manufacturing Employment Edges Up After Three-Year Losing Streak

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


EVANSTON, Ill, April 4th, 2018/Manufacturers' News, Inc./--Vermont gained manufacturing jobs over the past year, according to information collected by MNI (Manufacturers' News, Inc.), a publisher of industrial data for all fifty states. MNI reports Vermont added 881 manufacturing jobs in 2017, a 2.2% increase – the state’s first gain since 2013.

Vermont’s 1,267 manufacturers employ 41,379 in the state, reports MNI.

Vermont boasts a diverse manufacturing sector that draws from its highly-educated workforce,” says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. “However, despite the quality of its workforce, skilled labor is hard to come by in some regions and high business costs have hindered growth in many industries.”

Vermont’s job gain was led by the transportation equipment industry, which surged by 17% in 2017, and remains the state’s fourth-largest sector by employment, employing 3,012. Food processing, which ranks first in the state with 5,618 jobs, was up 2.3%, and second-ranked electronics was up 1% to 4,632. Industrial machinery, which ranks third in the state saw a gain of 1.5% and currently employs 4,037.

Additional gains were recorded in rubber/plastics, up 24% and textiles/apparel, up 5%.

Over the year, GE Aviation ramped up production at its North Clarendon plant, while North Hartland Tool Corporation announced plans to expand hiring and increase its size by 60%. In addition, Bethel Plastics expanded its injection molding plant in Royalton and Cabot Hosiery had another good year, expanding operations at its “Darn Tough” mill in Northfield.

Gains were offset by losses in primary metals, down 7%; printing/publishing, down 6%; and paper products, down 2.7%.

Industrial locations announcing closures included North East Precision, Inc., which shuttered its machining plant in Saint Johnsbury and medical device maker Vermed, Inc., which closed down its Bellows Falls operations.

City data collected by MNI shows Essex Junction remains the state’s top city by industrial employment, with 3,947 jobs, virtually unchanged over the year. Manufacturing employment rose 1.6% in Burlington to 3,027 workers, and held steady in third-ranked Rutland at 2,019 jobs. Fourth-ranked Brattleboro accounts for 1,934 jobs, up 1% over the year, while fifth-ranked Williston is home to 1,661 workers, with no significant change reported over the year.

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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