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News in Brief April 2021 | Vermont Business Magazine


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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UVM Research Sets New $191M Record


Research expenditures increase 41% despite COVID-19 challenges
In the pandemic, University of Vermont research expenditures hit record levels in 2020 up 41% to $191 million to provide a crucial boost to Vermont’s economy during COVID-19.
The total was reported in UVM’s annual 2020 National Science Foundation Higher Education Research and Development survey and is the largest in the university’s history. It eclipses the previous record of $136 million by a wide margin, and is a key contributor to UVM’s overall $1.3 billion annual economic impact.
The expenditures flow from a range of sources, including over 650 research awards in 2020 targeting urgent societal needs across UVM’s two strategic research areas “healthy societies” and “a healthy environment” as outlined in the university’s strategic vision, Amplifying Our Impact.  ....

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