BLS - U.S. Bureau of Labor Statistics

05/08/2026 | Press release | Distributed by Public on 05/08/2026 09:18

Business Employment Dynamics in Vermont — Third Quarter 2025

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Friday, May 08, 2026

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Business Employment Dynamics in Vermont - Third Quarter 2025

From June 2025 to September 2025, gross job losses from closing and contracting private-sector establishments in Vermont were 19,658, while gross job gains from opening and expanding private-sector establishments were 16,739, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Mark J. Maggi noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 2,919 jobs in the private sector during the third quarter of 2025. (See table 1.) During the previous quarter, gross job losses exceeded gross job gains by 1,465. (See chart 1.)

View Chart Data
Chart 1. Private-sector gross job gains and losses in Vermont, September 2020-September 2025, seasonally adjusted
Period Gross job losses Gross job gains

Sep 2020

12,813 29,336

Dec 2020

18,493 17,740

Mar 2021

14,613 19,437

Jun 2021

16,521 20,118

Sep 2021

18,453 19,322

Dec 2021

16,847 19,725

Mar 2022

15,767 21,613

Jun 2022

18,858 18,807

Sep 2022

19,409 17,934

Dec 2022

17,656 19,504

Mar 2023

15,205 21,320

Jun 2023

19,137 18,930

Sep 2023

20,055 16,238

Dec 2023

16,641 18,364

Mar 2024

16,358 19,249

Jun 2024

18,962 17,212

Sep 2024

18,060 16,866

Dec 2024

17,198 17,096

Mar 2025

17,366 17,691

Jun 2025

19,045 17,580

Sep 2025

19,658 16,739

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Business Employment Dynamics Technical Note.)

Gross job losses

In the third quarter of 2025, gross job losses represented 7.8 percent of private-sector employment in Vermont; nationally, gross job losses accounted for 5.7 percent of private-sector employment. (See chart 2.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In Vermont, contracting establishments lost 15,180 jobs in the third quarter of 2025, a decrease of 133 jobs from the prior quarter. Closing establishments lost 4,478 jobs, an increase of 746 jobs from the previous quarter.

View Chart Data
Chart 2. Private-sector gross job losses as a percent of employment, United States and Vermont, September 2020-September 2025, seasonally adjusted
Period Vermont United States

Sep 2020

5.6 5.9

Dec 2020

8.0 5.7

Mar 2021

6.2 5.5

Jun 2021

6.9 5.9

Sep 2021

7.7 6.0

Dec 2021

6.9 5.4

Mar 2022

6.4 5.5

Jun 2022

7.6 6.2

Sep 2022

7.8 5.9

Dec 2022

7.0 5.9

Mar 2023

6.0 5.5

Jun 2023

7.5 5.9

Sep 2023

7.9 5.9

Dec 2023

6.6 5.7

Mar 2024

6.3 5.5

Jun 2024

7.4 5.9

Sep 2024

7.1 5.8

Dec 2024

6.7 5.7

Mar 2025

6.8 5.4

Jun 2025

7.5 6.0

Sep 2025

7.8 5.7
Gross job gains

In the third quarter of 2025, gross job gains represented 6.6 percent of private-sector employment in Vermont; nationally, gross job gains accounted for 5.6 percent of private-sector employment. (See chart 3.) Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. In Vermont, gross job gains at expanding establishments totaled 12,644 in the third quarter of 2025, a decrease of 1,083 jobs compared to the previous quarter. Opening establishments accounted for 4,095 jobs gained in the third quarter of 2025, an increase of 242 jobs from the previous quarter.

View Chart Data
Chart 3. Private-sector gross job gains as a percent of employment, United States and Vermont, September 2020-September 2025, seasonally adjusted
Period Vermont United States

Sep 2020

12.9 9.4

Dec 2020

7.6 7.4

Mar 2021

8.2 7.0

Jun 2021

8.4 6.8

Sep 2021

8.1 7.3

Dec 2021

8.1 7.7

Mar 2022

8.8 6.7

Jun 2022

7.6 6.5

Sep 2022

7.2 6.9

Dec 2022

7.8 6.3

Mar 2023

8.4 6.3

Jun 2023

7.4 6.2

Sep 2023

6.4 5.9

Dec 2023

7.3 6.0

Mar 2024

7.5 5.9

Jun 2024

6.7 5.8

Sep 2024

6.6 5.8

Dec 2024

6.7 5.9

Mar 2025

6.9 5.6

Jun 2025

6.9 5.7

Sep 2025

6.6 5.6
For more information

The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class. BED data for the states have been included in table 2 of this release. Additional information is available online at the Business Employment Dynamics homepage and the Business Employment Dynamics Summary.

The Business Employment Dynamics for Fourth Quarter 2025 are scheduled to be released on Wednesday, July 29, 2026, at 10:00 a.m. (ET).


Technical Note

The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW). The BED data are compiled by the U.S. Bureau of Labor Statistics (BLS) from existing QCEW records.

More information on formal definitions of the data used in this release, along with coverage, concepts, and methodology, can be found in the Business Employment Dynamics Technical Note.

If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

Table 1. Private-sector gross job gains and losses by industry, Vermont, seasonally adjusted
Category Gross job gains and losses
(3 months ended) 		Gross job gains and losses
as a percent of employment
(3 months ended)
Sept.
2024 		Dec.
2024 		Mar.
2025 		June
2025 		Sept.
2025 		Sept.
2024 		Dec.
2024 		Mar.
2025 		June
2025 		Sept.
2025

Total private (1)

Gross job gains

16,866 17,096 17,691 17,580 16,739 6.6 6.7 6.9 6.9 6.6

At expanding establishments

13,201 13,785 13,643 13,727 12,644 5.2 5.4 5.3 5.4 5.0

At opening establishments

3,665 3,311 4,048 3,853 4,095 1.4 1.3 1.6 1.5 1.6

Gross job losses

18,060 17,198 17,366 19,045 19,658 7.1 6.7 6.8 7.5 7.8

At contracting establishments

14,452 13,559 13,780 15,313 15,180 5.7 5.3 5.4 6.0 6.0

At closing establishments

3,608 3,639 3,586 3,732 4,478 1.4 1.4 1.4 1.5 1.8

Net employment change (2)

-1,194 -102 325 -1,465 -2,919 -0.5 0.0 0.1 -0.6 -1.2

Construction

Gross job gains

1,262 1,646 1,765 1,321 1,265 8.1 10.4 10.4 7.9 8.1

At expanding establishments

919 1,164 1,362 1,010 939 5.9 7.4 8.0 6.0 6.0

At opening establishments

343 482 403 311 326 2.2 3.0 2.4 1.9 2.1

Gross job losses

1,652 1,313 1,292 1,680 1,620 10.6 8.3 7.6 10.0 10.3

At contracting establishments

1,136 992 1,000 1,125 1,061 7.3 6.3 5.9 6.7 6.7

At closing establishments

516 321 292 555 559 3.3 2.0 1.7 3.3 3.6

Net employment change (2)

-390 333 473 -359 -355 -2.5 2.1 2.8 -2.1 -2.2

Retail trade

Gross job gains

2,142 1,845 2,603 1,911 2,147 6.0 5.2 7.4 5.3 6.1

At expanding establishments

1,908 1,594 2,229 1,647 1,704 5.3 4.5 6.3 4.6 4.8

At opening establishments

234 251 374 264 443 0.7 0.7 1.1 0.7 1.3

Gross job losses

2,160 2,418 1,825 2,429 2,445 6.1 6.9 5.2 6.8 6.9

At contracting establishments

1,817 1,935 1,522 2,193 1,877 5.1 5.5 4.3 6.1 5.3

At closing establishments

343 483 303 236 568 1.0 1.4 0.9 0.7 1.6

Net employment change (2)

-18 -573 778 -518 -298 -0.1 -1.7 2.2 -1.5 -0.8

Professional and business services

Gross job gains

2,413 2,380 3,025 2,328 2,398 7.3 7.2 9.2 7.1 7.4

At expanding establishments

1,448 1,651 2,128 1,572 1,512 4.4 5.0 6.5 4.8 4.7

At opening establishments

965 729 897 756 886 2.9 2.2 2.7 2.3 2.7

Gross job losses

2,630 2,655 2,409 3,010 3,098 8.0 8.1 7.4 9.2 9.6

At contracting establishments

1,720 1,808 1,729 2,160 1,878 5.2 5.5 5.3 6.6 5.8

At closing establishments

910 847 680 850 1,220 2.8 2.6 2.1 2.6 3.8

Net employment change (2)

-217 -275 616 -682 -700 -0.7 -0.9 1.8 -2.1 -2.2

Education and health services

Gross job gains

2,957 2,310 2,718 2,757 2,512 4.8 3.7 4.3 4.4 4.0

At expanding establishments

2,525 2,026 2,217 1,995 2,198 4.1 3.2 3.5 3.2 3.5

At opening establishments

432 284 501 762 314 0.7 0.5 0.8 1.2 0.5

Gross job losses

2,026 2,424 2,230 2,859 2,566 3.3 3.9 3.5 4.5 4.1

At contracting establishments

1,735 2,071 1,770 2,290 2,131 2.8 3.3 2.8 3.6 3.4

At closing establishments

291 353 460 569 435 0.5 0.6 0.7 0.9 0.7

Net employment change (2)

931 -114 488 -102 -54 1.5 -0.2 0.8 -0.1 -0.1

Leisure and hospitality

Gross job gains

4,628 5,572 4,095 5,481 4,240 13.1 15.6 11.4 15.4 12.0

At expanding establishments

3,789 4,721 3,231 4,624 3,612 10.7 13.2 9.0 13.0 10.2

At opening establishments

839 851 864 857 628 2.4 2.4 2.4 2.4 1.8

Gross job losses

5,715 4,447 6,145 4,780 6,087 16.1 12.4 17.2 13.5 17.2

At contracting establishments

4,995 3,701 5,007 4,282 5,194 14.1 10.3 14.0 12.1 14.7

At closing establishments

720 746 1,138 498 893 2.0 2.1 3.2 1.4 2.5

Net employment change (2)

-1,087 1,125 -2,050 701 -1,847 -3.0 3.2 -5.8 1.9 -5.2

Footnotes:
(1) Includes unclassified sector not shown separately.
(2) The net employment change is the difference between total gross job gains and total gross job losses.

Table 2. Private-sector gross job gains and losses as a percent of total employment by state, seasonally adjusted
Category Gross job gains as a percent of employment
(3 months ended) 		Gross job losses as a percent of employment
(3 months ended)
Sept.
2024 		Dec.
2024 		Mar.
2025 		June
2025 		Sept.
2025 		Sept.
2024 		Dec.
2024 		Mar.
2025 		June
2025 		Sept.
2025

United States(1)

5.8 5.9 5.6 5.7 5.6 5.8 5.7 5.4 6.0 5.7

Alabama

5.8 5.8 5.3 5.5 5.4 5.9 5.3 5.6 5.6 5.5

Alaska

8.0 10.3 10.0 9.9 7.5 9.6 9.5 8.1 10.3 10.0

Arizona

6.4 6.1 5.8 5.3 5.8 5.7 5.9 5.3 6.3 5.5

Arkansas

5.5 5.8 5.1 5.1 5.3 5.2 4.8 5.1 5.5 5.3

California

6.3 6.7 6.0 6.6 6.2 6.2 6.4 6.2 6.7 6.0

Colorado

6.3 6.2 6.2 6.4 6.5 6.4 6.5 6.8 7.1 6.5

Connecticut

5.5 5.5 5.6 5.8 5.3 5.6 5.5 5.3 5.8 5.9

Delaware

6.8 6.1 5.9 5.9 5.3 6.4 6.3 5.3 6.1 6.1

District of Columbia

4.9 5.0 4.8 5.7 4.6 5.0 5.5 5.8 5.9 5.9

Florida

6.5 6.0 5.8 5.7 5.9 5.7 6.2 5.5 5.8 6.0

Georgia

5.8 6.0 5.5 5.5 5.7 6.1 5.4 5.7 5.6 5.8

Hawaii

5.7 5.3 4.9 4.8 5.1 5.0 5.0 5.0 5.2 4.8

Idaho

7.1 8.2 7.3 7.7 6.7 7.5 6.8 7.3 7.2 7.6

Illinois

4.9 5.1 5.0 5.2 4.7 5.0 5.1 5.0 5.2 5.0

Indiana

5.3 5.5 5.4 5.0 5.1 5.3 5.1 5.2 5.6 5.1

Iowa

5.3 5.6 5.8 5.6 4.8 6.0 5.6 5.5 5.8 5.9

Kansas

5.3 5.9 5.5 5.4 5.8 5.6 5.2 5.4 6.3 5.8

Kentucky

5.4 5.3 5.2 5.0 5.3 5.4 5.5 4.8 5.4 5.6

Louisiana

6.1 6.2 5.6 5.5 5.9 5.8 5.5 5.6 6.3 6.0

Maine

6.2 7.0 7.4 7.2 6.2 7.1 7.1 6.3 7.4 7.0

Maryland

5.9 6.0 5.9 5.7 5.7 6.1 5.9 5.7 6.2 6.5

Massachusetts

5.0 5.3 5.0 5.5 5.3 5.8 5.5 5.1 5.8 5.9

Michigan

5.3 5.4 5.2 5.8 4.9 5.8 5.9 5.3 5.5 5.9

Minnesota

5.1 5.5 5.1 5.8 5.3 5.8 5.1 5.5 5.5 5.6

Mississippi

6.3 6.3 5.7 6.3 6.4 5.7 6.2 6.1 6.5 6.1

Missouri

5.6 5.7 5.4 5.5 5.6 5.8 5.3 5.2 6.1 5.9

Montana

7.2 8.4 8.0 7.7 7.0 8.0 7.8 7.5 8.3 7.9

Nebraska

5.6 5.6 5.2 5.4 5.5 5.6 5.5 5.3 5.5 5.8

Nevada

6.2 6.1 5.4 6.2 6.9 5.9 5.6 5.9 6.3 5.2

New Hampshire

5.6 6.3 6.5 6.3 5.6 6.7 5.9 6.1 6.7 6.8

New Jersey

5.4 6.0 5.6 5.8 5.3 5.8 5.5 5.4 5.5 5.8

New Mexico

6.3 6.1 5.9 5.9 5.8 6.2 5.9 5.8 6.0 6.2

New York

5.7 5.7 6.6 5.9 5.9 5.8 5.5 5.0 7.0 5.8

North Carolina

5.5 6.1 5.4 5.6 5.4 5.8 5.5 5.5 5.4 5.7

North Dakota

6.5 6.5 6.7 6.4 6.2 6.5 6.6 6.5 6.7 6.6

Ohio

5.2 5.4 5.2 5.3 5.1 5.4 5.1 4.9 5.4 5.3

Oklahoma

6.1 6.0 5.5 5.5 6.0 5.5 5.5 5.3 6.2 6.4

Oregon

6.3 6.2 5.8 6.4 5.7 6.6 6.6 6.2 6.5 6.7

Pennsylvania

5.1 5.2 5.0 4.9 5.0 5.0 4.8 4.7 5.2 5.2

Rhode Island

6.2 7.3 6.6 6.3 6.0 6.4 6.3 5.9 6.7 6.7

South Carolina

6.2 6.4 6.1 5.8 6.3 5.9 5.9 5.5 6.6 6.5

South Dakota

5.9 6.7 6.2 6.0 5.9 5.9 5.9 6.5 6.1 6.0

Tennessee

5.6 5.5 5.4 5.1 5.7 5.7 6.2 5.1 5.9 5.2

Texas

5.7 5.8 5.1 5.2 5.3 5.3 5.2 5.1 5.4 5.3

Utah

6.8 6.8 6.6 6.6 6.7 6.2 6.3 6.0 6.6 6.4

Vermont

6.6 6.7 6.9 6.9 6.6 7.1 6.7 6.8 7.5 7.8

Virginia

5.8 5.8 5.6 5.8 5.9 5.7 5.5 5.1 5.8 6.1

Washington

5.8 5.8 5.7 6.0 5.2 5.8 5.7 5.5 5.4 5.6

West Virginia

5.9 6.5 6.4 5.5 5.8 6.6 6.1 5.7 6.3 6.0

Wisconsin

5.1 5.3 5.0 5.3 4.9 5.5 5.2 4.9 5.5 5.6

Wyoming

8.9 8.9 8.1 8.3 7.7 8.5 8.3 8.7 8.9 8.4

Puerto Rico

5.4 4.3 6.3 7.0 5.4 5.0 5.4 5.4 6.1 5.7

Virgin Islands

4.7 5.2 5.4 15.0 7.1 7.5 10.8 7.6 9.5 8.4

Footnotes
(1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.

BLS - U.S. Bureau of Labor Statistics published this content on May 08, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2026 at 15:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]