Vermont unemployment rate falls to 2.9 percent
The Vermont seasonally-adjusted unemployment rate fell again and at 2.9 percent in March is back under 3 percent for the first time since just before the pandemic hit in early 2020. The rate reflects a decrease of one-tenth of one percentage point from the prior month’s revised estimate of 3.0 percent. Vermont now is tied for the lowest rate in the nation with three Western states. There are still over 28,000 filing unemployment claims in Vermont. While this about a third the number of filers from the peak of the pandemic, it is still historically high. Ongoing claims typically would be under 6,000. The pandemic numbers also include new programs like the PUA, which in recent weeks has accounted for almost 9,000 claims.
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by Timothy McQuiston, Vermont Business Magazine Peoples Bank of Marietta, OH, has entered into an Asset Purchase Agreement dated March 24, 2021, with NS Leasing, LLC, which is headquartered in Burlington, Vermont, and does business as North Star Leasing Company. The Asset Purchase Agreement calls for Peoples Bank to acquire assets comprising NSL’s equipment finance business and to assume from NSL certain specified liabilities for total consideration of approximately $47.5 million, plus a potential earnout payment of up to $3.1 million.
Under the terms of the Asset Purchase Agreement, Peoples Bank will acquire approximately $84 million in leases and will satisfy, on behalf of NSL, certain third-party debt in the amount of approximately $69 million.
I Squared Capital Acquires Star Leasing, A Leading Trailer Lessor in the United States apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.