State Minimum Wage Rate for Vermont
STTMINWGVT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.01
Year-over-Year Change
62.91%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Vermont measures the lowest legal hourly wage that employers must pay workers in the state. This metric is important for economists and policymakers to track labor market conditions and the impact of minimum wage policies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Minimum Wage Rate for Vermont represents the minimum hourly compensation that must be provided to employees in the state, as set by Vermont state law. This data series is used to analyze the effects of minimum wage changes on employment, income, and overall economic activity.
Methodology
The Vermont Department of Labor collects and reports this minimum wage data on a regular basis.
Historical Context
The state minimum wage is a key policy lever used by Vermont to influence labor market dynamics and promote economic equity.
Key Facts
- Vermont's minimum wage was $12.55 per hour as of January 2023.
- The state minimum wage is adjusted annually based on the consumer price index.
- Vermont has had a state minimum wage since 1971.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Vermont measures the lowest legal hourly wage that employers in the state must pay their workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market conditions and the impacts of minimum wage policies in Vermont.
Q: How is this data collected or calculated?
A: The Vermont Department of Labor collects and reports this minimum wage data.
Q: How is this trend used in economic policy?
A: The state minimum wage is a key policy lever used by Vermont to influence labor market dynamics and promote economic equity.
Q: Are there update delays or limitations?
A: The minimum wage data is updated regularly by the Vermont Department of Labor.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Vermont (STTMINWGVT), retrieved from FRED.