A Year Later – Vermont Department of Labor Offers Some Help to IBM’rs Who Can Not Find Jobs in VT’s Weak Job Market

SMARTvt - SMART Holdings USA

There are at least 1,000 IBM’rs who lost jobs in the past three years who can’t find work.  Some are eligible for help.  But, due to lack of high-wage jobs in the State, there is still no way many of the former IBM workers will ever earn even 75 percent of their previous earnings.

“This having a devastating effect on the Vermont economy,” says Labor Force Economist, Mark Renkert, Chair, of SMART Holdings USA, a Labor & Economics Think-Tank.

“Leadership says, Vermont has one of the lowest Unemployment rates in the State but that belies the truth,” says Dr. Mindy Ruth Novick, SMARTvt.org’s Senior Clinical.  Novick points out that Vermont State Economist, Art Wolf, has commented widely about thousands of Vermonters leaving the work force, and entering in the shadow economy, and that the state is losing populations as they seek work in other economically advantaged states.

“Here’s an example of Governor…

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