Vermont Public Radio: hitting home
As the recession in Vermont continues to wear on, social service providers are seeing a new trend: middle income families who are turning to state services for the first time.
Vermont lost 52 dairy farms last year. Farmers were struggling with low milk prices long before this economic downturn. But they're also affected by the economy around them. VPR's Mitch Wertlieb speaks iwth Onan Whitcomb of the North Williston Cattle Company.
18 months into a recession that's affected almost everyone, some small businesses are poised to grow - while others will have to reinvent themselves to survive.
Vermont has a troubling rate of underemployed workers - people who are in temporary, part-time jobs, often without benefits. And in this economy, even an advanced college degree may sometimes not be enough.
When people are out of work, one place they seek assistance is their community action group.
Although about 20 percent fewer people work in the state's factories than did just five years ago, some companies have announced expansion plans that would create dozens of new jobs. But it could be months or more before anyone is hired.
In Vermont's cash-strapped Northeast Kingdom, many workers often hold down two or three jobs. Last year many were laid-off. Now, people in the Kingdom are starting to find work again, but many are making less money, doing jobs for which they are overqualified.
Many people looking to build a home will first visit a bank, and for many it's their local bank. But is there money out there for prospective homeowners to build or even buy a house?
All this week, we'll hear how people have been faring lately. We begin with a look at the building industry - an area that's been one of the hardest hit by the downturn. Many carpenters, contractors and lumberyards continue to struggle, and their future is filled with uncertainty.
All this week, we'll hear how people have been faring lately. We begin with a look at the building industry - an area that's been one of the hardest hit by the downturn.
In Bennington County, which has the third highest unemployment rate in Vermont, a company called Plasan North America is expanding.
The economic downturn has meant that many high school and college students faced a tight job market this season. But as VPR's Lynne McCrea reports, federal stimulus money provided some young Vermonters with better-than-ever work opportunities.
Summer is the busiest season for weddings in Vermont, among locals and out-of-state couples alike. But some who make their living on these celebrations have found that weddings have changed in the middle of a recession.
Vermont is one of only two states in the nation that doesn't have any banks that took bailout money from the federal government. The other is Montana. One reason is because Vermont banks are so small.
This ongoing VPR series that looks at how the economy is affecting the lives of Vermonters returns for an update beginning August 3rd.
By the end of August, about 250 workers at the Ethan Allen Furniture factory in Beecher Falls will be out of work. In this economy, and in this remote corner at the juncture of Vermont, New Hampshire, and Canada, the prospects for re-employment are especially slim.
Recent national economic news has raised hopes that the recession is moderating and better days are ahead, but there's still plenty to be concerned about
The economic downturn that began in the fall deepened into a recession that some compare to the Great Depression. As VPR reported in a series in February, jobs were being cut, incomes were falling and the recession was Hitting Home. So now, six months later, what's changed?
Just about everybody is feeling the pinch in this recession. But imagine if your paycheck was cut in half while your expenses stayed the same or even went up. That's what's happened to many dairy farmers. Milk prices have dropped 50 percent in the last few months.
We return now to our occasional series on how the recession is affecting Vermonters, with an update on Meghann Cline. She's the mother of 3 young children who's been homeless since last fall. The economy has made her situation even worse.




