Vermont's Workforce Supply and Demand

On an annual basis, Vermont needs to add about 13,500 people into the workforce. Increasing labor force participation among Vermonters who are not in the labor force is not enough to close the gap. Growing the working-age population by recruiting people to the state and increasing retention of young talent are necessary to offset workforce demand. Closing this workforce gap is crucial to Vermont's long-term economic vitality.

Demand calculated by combining Vermont Department of Labor long-term occupational projections for workforce exits and job growth, increasing labor force participation to sustain full employment, and estimates of temporary and seasonal employees filling workforce gaps. Supply calculated by combining retention data of high school and college graduates along with rolling average of net migration combining pre- and post-pandemic net migration data.
Chart: Vermont Futures ProjectCreated with Datawrapper