On June 5, 2008, General Dynamics held its Tenth Annual “Engineering Excellence and Innovation Awards Conference and Banquet” to honor employees (solely or as part of a team) who were responsible for significant engineering achievements or advancement of the company’s technical expertise.The Conference was held at General Dynamics’ Corporate Headquarters, and highlighted many of the accomplishments from this years award recipients through a series of presentations made by the recipients themselves. The event was capped with a banquet held at the Willard InterContinental Hotel in Washington, D.C., where each recipient received their formal recognition and award.Douglas C. Parker, an employee at General Dynamics Armament and Technical Products’ Burlington, Vt. facility, was honored for his work on the gun system for the Joint Strike Fighter (JSF) program. Mr. Parker has been the Lead Mechanical Engineer on the JSF program for nearly the entire development period that began in 2002. The JSF program has the potential to be one of General Dynamics Armament and Technical Product’s largest production aircraft gun system programs, and Mr. Parker’s efforts have significantly contributed to the successful execution of the System Design and Development phase of this program.
Month: January 2021
Vermonters who rent live in the fifteenth least affordable state in the nation, according to a new report jointly released by the National Low Income Housing Coalition (NLIHC), a Washington, DC-based housing advocacy group, and the Vermont Affordable Housing Coalition.For Vermont’s renters, the news isn’t good. Rural Vermont ranks in the top 10 most expensive rural areas in the nation. Vermont’s “Housing Wage” has risen to $17.70 per hour, or $36,812 per year. This represents an increase of 54% since 2000. The national Housing Wage is $18.44 in 2010.The report, Out of Reach 2010, provides the Housing Wage and other housing affordability data for every state, metropolitan area and county in the country, comparing 52 jurisdictions, including the District of Columbia and Puerto Rico. A Vermont fact sheet is attached. The full report is available online at www.nlihc.org/oor2010/(link is external).The Housing Wage is the hourly wage a family must earn – working 40 hours a week, 52 weeks a year – to be able to afford rent and utilities for a modest two-bedroom apartment in the private housing market at the average Fair Market Rent (FMR). “Affordable” housing is generally defined as costing no more than 30% of a household’s annual income. This year’s FMR for a two-bedroom apartment in Vermont is $920 statewide. It is $821 in all non-metro areas combined, and $1,116 in the Burlington-South Burlington Metro Area, which includes Chittenden, Franklin, and Grand-Isle counties. In the Metro area, the Housing Wage has risen above $20 an hour for the first time ever and now stands at $21.46.Even during a time of economic downturn, when rents could normally be expected to decline, decent affordable housing has remained out of reach for many Vermonters. The inability to afford housing has pushed many new families and individuals into homelessness. This year’s Point in Time Count, conducted on January 27, counted approximately 2,800 homeless Vermonters statewide. This number reflects a sharp rise in homelessness in recent years – a 25 percent increase since 2008. The Point in Time Count is a 24-hour count of the homeless coordinated by the Vermont Coalition to End Homelessness and the Chittenden County Homeless Alliance and conducted by service providers throughout the state.“With rents continuing to climb further out of reach, homeless shelters have become the housing of last resort for Vermont’s working poor and people living on fixed incomes,” said Melinda Bussino, Director of the Brattleboro Area Drop-In Center and Co-Chair of the Vermont Coalition to End Homelessness. “This report underscores the need for the State to provide sufficient funding for affordable housing, homelessness prevention and other safety net programs.”Vermont’s rental housing market has been among the Nation’s tightest for several years. Low-vacancy rates help push rents upward. That, combined with the fact that many Vermonters work in relatively low-wage jobs, creates enormous pressures for thousands of households in the Green Mountain State struggling to pay for necessities.The situation for Vermonters with disabilities living on Supplemental Security Income (SSI) is absolutely dire: with a monthly payment of only $726, they can afford no more than $218 for their housing costs—severely short of the $751 FMR for a one-bedroom apartment, or even the $655 FMR for a studio apartment.The typical renter in Vermont earns $11.28, which is $6.42 less than the hourly wage needed to afford a modest unit. A worker making the minimum wage ($8.06/hour in Vermont) can only afford to pay $419 a month for rent and utilities, less than half the cost of a modest two-bedroom apartment. Working at the minimum wage, a family must have 2.2 wage earners working full-time – or one full-time earner working 88 hours/week – to afford a modest two-bedroom apartment.An estimated 55% of renters in Vermont do not earn enough income to afford a two-bedroom apartment at the Fair Market Rent, a two percentage point increase from last year.“I work on a daily basis with programs that provide advocacy and services for low- and moderate-income people. I am not surprised to hear that safe, affordable housing is even more out of reach today than it was a year ago for many in our state,” says Ted Wimpey, Director of Statewide Housing Services at the Champlain Valley Office of Economic Opportunity and Chairperson of the Vermont Affordable Housing Coalition. “Funding, planning, permitting and development of new and rehabilitated affordable housing, as well as availability of housing subsidies, are simply not keeping up with needs which have only increased with the economic downturn.”The Vermont Affordable Housing Coalition is Vermont’s only statewide membership organization dedicated to ensuring that all Vermonters have decent, safe and affordable housing, particularly the state’s low and moderate-income residents, elders, and people with disabilities.The Coalition’s 70 plus members represent most of Vermont’s non-profit affordable housing developers, community land trusts, housing and homeless advocacy groups, public housing authorities, regional planners, funders, state agencies, and other organizations and individuals with an interest in affordable housing. Together, VAHC’s members provide housing and services to tens of thousands of Vermonters.For information on the Vermont Affordable Housing Coalition, visit www.vtaffordablehousing.org(link is external).Source: VAHC.
for provider Patient Central Vermont Hospital 4,0% D BUD 12 Net provider tax & Gifford Memorial 1,0% North Country Hospital 5,2% Brattleboro Memorial 0,9% Grace Cottage $1,281,525 Mt Ascutney Hospital -3,0% Patient Revenue Copley Hospital 4,8% Central Vermont Hospital $7,434,697 Northwestern Medical Ctr 6,8% B System 3,8% Increase adj for Rutland Regional Medical Ctr 4,7% Grace Cottage 7,1% Grace Cottage 7,1% Rutland Regional Medical Ctr $10,392,423 Copley Hospital 7,1% Vermont hospital budgets will increase by a system-wide total of 3.8 percent for fiscal year 2012 beginning October 1, 2011, after excluding this year’s increased taxes on hospitals, according to individual hospital budgets approved today by Banking, Insurance, Securities and Health Care Administration Commissioner Steve Kimbell. ‘Compared to the average annual system-wide increase of 7.2 percent over the span of the past five years, the rate of increase is definitely moving in the right direction,’ said Kimbell. Budgeted increases ranged from $1,193,974 for Gifford Hospital to $43,324,991 for Fletcher Allen. Meanwhile, Mt Ascutney Hospital’s budget shows a decrease of -$1,465,403. The approved system-wide rate increase last year was 5.44 percent.Information about individual hospital budgets is below. Also included are the FY 2012 and 2011 budgets.Kimbell noted that the government payers are bearing their fair share of the increase this year. ‘One of the ways to reduce pressure on commercial health insurance premiums and bring fairness to the system is to reduce the cost shift growth that historically has been the result of underpayment by government programs.’ The system wide increase of 3.8 percent was achieved without using several exclusions, other than new taxes, allowed by the 2009 legislation that created a 4% target for increased hospital revenues for the upcoming budget year. For example, if the cost of existing physician practices acquired by hospitals is excluded, the system wide increase is 2.7 percent. Kimbell noted that that this is the last year for the budget process that has been in use since 1983. The newly appointed Green Mountain Care Board is charged with revamping that process. Changes likely will include standardization of some budget components among hospitals and movement toward a global budget for the system. Information about individual hospital budgets is attached. FY 2012 Budget Submissions A tax Increase in $ Northeast VI, Regional 1,4% Copley Hospital $3,536,882 Northeast VI, Regional 2,1% Mt Ascutney Hospital -3,4% The increase is measured against FY 2011 approved budget levels, Revenue Copley Hospital 6,0% Mt Ascutney Hospital -4,4% System as growth since the services were provided outside the hospital budget in the prior year, North Country Hospital 3,9% Southwestern VI, Medical Ctr $5,830,545 Brattleboro Memorial 6,6% Column C reflects the increase if the provider tax increase is not counted, Northwestern Medical Ctr 5,8% Physician Acq Fletcher Allen Health Care $43,324,991 Grace Cottage 7,6% Rutland Regional Medical Ctr 1,9% Northeast VI, Regional $1,272,808 Southwestern VI, Medical Ctr 4,4% Porter Hospital 1,6% Springfield Hospital $1,584,030 Springfield Hospital 3,0% BUD 12 Net Porter Hospital 4,2% Increase adj BUD 12 Net Northeast VI, Regional 1,4% C Central Vermont Hospital 2,4% Porter Hospital $3,084,292 Porter Hospital 4,9% Column B reflects the total requested net patient revenue increase, Fletcher Allen Health Care 3,2% North Country Hospital $4,493,465 Rutland Regional Medical Ctr 5,5% Fletcher Allen Health Care 3,9% System 2,7% Gifford Memorial 1,0% Mt Ascutney Hospital -$1,465,403 Gifford Memorial 1,9% Net Patient Southwestern VI, Medical Ctr 3,7% Notes: Southwestern VI, Medical Ctr 3,2% Brattleboro Memorial $4,134,377 Central Vermont Hospital 5,0% Increase $91,257,495 System 4,6% Springfield Hospital 2,2% Northwestern Medical Ctr 3,7% Northwestern Medical Ctr $5,158,889 North Country Hospital 6,0% Patient Revenue BUD12 Springfield Hospital 2,2% Gifford Memorial $1,193,974 Fletcher Allen Health Care 4,7% Brattleboro Memorial 5,6% Column D reflects the increase without including physician service increases, Those are not considered Revenue
ESTIMATED NONFARM EMPLOYMENT IN VERMONT(Not Seasonally Adjusted) Current Employment Statistics Program (CES). Produced by the Vermont Department of Labor in cooperation with the U.S Bureau of Labor Statistics. TotalNumberNumberSept-11Aug-11Sept-10AreaLabor ForceEmployedUnemployedRate (%)Rate (%)Rate (%) Program Update: Starting with the March 2011 numbers, the Current Employment Statistics (CES) estimates transitioned from the VT Department of Labor to the U.S. Bureau of Labor Statistics (BLS). The BLS implemented several methodological changes to standardize the estimation approach across states. While these changes will reduce the potential for statistical bias in state and metropolitan area estimates, they may increase the month to month variability of the estimates. More information is available on the BLS website at http://www.bls.gov/sae/cesprocs.htm(link is external). PrelimRevisedRevisedChanges From:% Changes From:INDUSTRY BY NAICSSep-11Aug-11Sep-10Aug-11Sep-10Aug-11Sep-10 Changes From Barre-Montpelier30,80029,2501,5505.05.35.4Bennington12,60011,7508006.66.96.3Bradford4,7504,4503006.16.26.2Brattleboro25,05023,6001,4505.85.55.5Burlington-South Burlington119,650114,6505,0504.24.64.7Hartford19,55018,7508004.03.63.8Manchester12,20011,4507005.86.06.3Middlebury18,65017,7509004.95.35.3Morristown-Stowe20,50019,3501,1005.55.65.9Newport13,70012,6501,0507.77.87.4Randolph8,7008,1505506.36.06.1Rutland28,05026,2001,8506.76.46.8Springfield11,45010,6508007.17.07.3St. Johnsbury14,60013,7508505.76.15.8Swanton-Enosburg14,95014,1008505.66.16.3Warren-Waitsfield4,2004,0002004.34.14.5Woodstock3,6003,4002005.94.74.6Vermont Total365,200346,05019,1505.25.45.5 Private Industries249.8250.0242.9-0.26.9-0.12.8 Construction13.113.313.3-0.2-0.2-1.5-1.5 Manufacturing31.832.330.8-0.51.0-1.53.2 Durable Goods23.023.521.7-0.51.3-2.16.0 Non-Durable Goods126.96.36.199.0-0.30.0-3.3 Trade, Transportation & Utilities56.656.956.2-0.30.4-0.50.7 Wholesale Trade188.8.131.52.10.11.01.0 Retail Trade 38.138.338.0-0.20.1-0.50.3 Trans., Warehousing & Utilities184.108.40.206-0.20.2-2.22.4 Financial Activities12.312.312.10.00.20.01.7 Professional & Business Services25.424.9220.127.116.11.09.0 Professional., Scientific & Technical15.715.518.104.22.168.315.4 Administrative Support & Waste22.214.171.124.126.96.36.199 Education & Health Services60.560.559.10.01.40.02.4 Private Ed. Services12.612.812.5-0.20.1-1.60.8 Health Care & Social Assistance47.947.7188.8.131.52.42.8 Leisure & Hospitality 34.334.032.00.32.30.97.2 Arts, Entertainment & Recreation184.108.40.206.220.127.116.11 Accommodation & Food Services30.530.418.104.22.168.37.8 Other Services9.99.910.00.0-0.10.0-1.0 Total Government53.552.654.20.9-0.71.7-1.3 State Government17.917.322.214.171.124.52.9 Local Government28.728.130.00.6-1.32.1-4.3Burlington-S. Burlington MSA Sep-11 Aug-11 Sep-10 Aug-11 Sep-10 Aug-11 Sep-10 Total – Nonfarm303.3302.62126.96.36.199.22.1 The Vermont Department of Labor announced today the seasonally-adjusted statewide unemployment rate for September 2011 was 5.8 percent, a decrease of one-tenth of a percent from the August rate. Compared to a year ago, the rate is lower by one-tenth of a percentage point. The Vermont unemployment rate continues to be well below the national rate. In September 2011, the seasonally-adjusted national unemployment rate was 9.1 percent. The United States has held steady at this rate for the last three months. ‘This monthly data was the first glimpse into the economic picture post-Irene. While the destruction caused by the storm was extensive and wide spread, it did create economic opportunities. The recovery effort generated job openings and enticed discouraged workers to return to the labor force. During the recovery, the Vermont Department of Labor’s Career Resource Centers’ services have effectively assisted employers by matching them with potential employees. Employers are encouraged to continue to leverage these services and list employment opportunities with the Department of Labor. Overall, weare excited to see tremendous cooperation between public and private entities working on Vermont’s recovery,’ said Labor Commissioner Annie Noonan.State of Vermont OverviewThe Vermont seasonally adjusted unemployment rate decreased by one-tenth of a percent in Septemberto 5.8 percent. The comparable rateover the same time period for the United States was unchanged; remaining stable at 9.1 percent.The seasonally-adjusted Vermont data show the total Vermont labor force grew by 2,300. Total employmentincreased by 2,100 while total unemployment was unchanged over the month. Theover the month changesto the total labor force and total employment were statistically significant.September unemployment rates for Vermont’s 17 labor market areas ranged from 4.0 percent in Hartford to 7.7 percent in Newport (note: local labor market area unemployment rates are not seasonally adjusted). For comparison, theSeptember unadjusted unemployment rate for Vermont was 5.2 percent which reflects a decrease of two-tenths of a percent from the August level and a decline of three-tenths of a percent from a year ago.Analysis of Job Changes by IndustryThe preliminary ‘not seasonally adjusted’ jobs numbers for September show anincrease of 7,600 jobs when compared to the revised August numbers. This reported over the month change does not include the 100 job increase between the preliminary and the revised August estimates due to the inclusion of more data. As detailed in the preliminary ‘not seasonally adjusted’September data, Total Private displays a decrease of 2,950 jobs and Government reports an increase of 10,550 jobs. The positive increase to Government was driven by typical seasonal fluctuations in the public education system as reflected in the over the month changes in both State Government Education and Local Government Education, +2,400 and +9,150 jobs, respectively.In the private sector, Educational and Health Services (+1,200 jobs) reported the largest nominal increase while Leisure and Hospitality (-2,800 jobs) reported the largest nominal decrease.The seasonally adjusted data for Septemberreports an increase of 700 jobs from the revised August data. As with the ‘not seasonally adjusted’ data, this over the month change is from the revised August numbers which experienced a downward revision from the preliminary estimates by300 jobs. A review of the seasonally adjusted Septembernumbers reflects that the large nominal over the month changes reported in the non-seasonally adjusted data were seasonal in nature and typical. The seasonally adjusted data had few over the month changes of significant magnitude. Vermont’s Private Industries reported a decrease of 200 jobs while Total Government reported a 900 job increase. The private industries of note were Manufacturing (-500 jobs) and Professional & Business Services (+500 jobs). VERMONT LABOR FORCE AND UNEMPLOYMENTLABOR MARKET AREAS BY RESIDENCE (Not Seasonally Adjusted)September 2011 Estimates Vermont Labor Force Statistics (Seasonally Adjusted) Total Labor Force362,100359,800360,1002,3002,000 Employment340,900338,800338,8002,1002,100 Unemployment21,10021,10021,3000-200 Rate (%)188.8.131.52-0.1-0.1Vermont’s labor force, employment and unemployment statistics are produced from a combination of a Statewide survey of households and statistical modeling. The data are produced by the Local Area Unemployment Statistics Program (LAUS) a cooperative program with the US Department of Labor, Bureau of Labor Statistics and the Vermont Department of Labor.Vermont Seasonally Adjusted Nonfarm Employment in ThousandsBY NAICSPrelim.RevisedRevisedChange From:% Change From: Note: CES PROGRAM DATA ARE PRDUCED IN COOPERATION WITH THE U.S. BUREAU OF LABOR STATISTICSESTIMATES ARE PRELIMINARY AND SUBJECT TO REVISION. SEE ANNUAL SUMMARY FOR DETAILS Notes: Statewide Total Nonfarm is a summed total and Wholesale Trade has been added as a seasonally adjusted series in 2011. Mining & Logging and Information are not published seasonally adjusted because the seasonal component, which is small relative to the trend-cycle and irregular components, cannot be separated with sufficient precision. Note: Unemployment rate is calculated as the number of unemployed divided by total labor force and expressed as a percent.Source: Vermont Department of Labor LAUS program in cooperation with the U.S. Bureau of Labor Statistics TOTAL NONFARM305,450297,850298,9507,6006,5002.6%2.2% TOTAL PRIVATE251,600254,550244,650-2,9506,950-1.2%2.8% GOODS PRODUCING47,45048,60046,750-1,150700-2.4%1.5% MANUFACTURING31,95032,45031,150-500800-1.5%2.6% Durable Goods23,10023,50021,950-4001,150-1.7%5.2% Computer & Electrical Equipment Mfg.8,0508,1508,200-100-150-1.2%-1.8% Fabricated Metal Products Mfg.2,4002,4002,400000.0%0.0% Non-Durable Goods8,8508,9509,200-100-350-1.1%-3.8% Food Mfg.4,3504,3504,20001500.0%3.6% CONSTRUCTION14,75015,35014,800-600-50-3.9%-0.3% MINING & LOGGING750800800-50-50-6.3%-6.3% SERVICE-PROVIDING258,000249,250252,2008,7505,8003.5%2.3% TRADE, TRANSPORTATION AND UTILITIES56,75057,05055,950-300800-0.5%1.4% Wholesale Trade9,8509,7509,6501002001.0%2.1% Retail Trade38,05038,65037,700-600350-1.6%0.9% Food & Beverage Stores9,6009,8509,700-250-100-2.5%-1.0% General Merchandise Store2,9502,9502,9000500.0%1.7% Transportation, Warehousing and Utilities8,8508,6508,6002002502.3%2.9% Utilities1,8001,8501,800-500-2.7%0.0% Transportation & Warehousing7,0506,8006,8002502503.7%3.7% INFORMATION5,1005,1505,250-50-150-1.0%-2.9% FINANCIAL ACTIVITIES12,30012,40012,100-100200-0.8%1.7% Finance & Insurance9,3009,3509,100-50200-0.5%2.2% Real Estate, Rental & Leasing3,0003,0503,000-500-1.6%0.0% PROFESSIONAL AND BUSINESS SERVICES25,90025,75023,6501502,2500.6%9.5% Professional, Scientific and Technical15,60015,65013,500-502,100-0.3%15.6% Administrative, Support and Waste9,9509,7009,2502507002.6%7.6% EDUCATIONAL AND HEALTH SERVICES60,80059,60059,3501,2001,4502.0%2.4% Educational Services12,90011,75012,8501,150509.8%0.4% College, Universities and Professional7,8006,6007,4001,20040018.2%5.4% Health Care and Social Assistance47,90047,85046,500501,4000.1%3.0% Ambulatory Health Care Services16,30016,20015,4001009000.6%5.8% Hospitals12,75012,75012,60001500.0%1.2% Nursing and Residential Care Facilities7,2007,3007,100-100100-1.4%1.4% LEISURE AND HOSPITALITY33,25036,05031,650-2,8001,600-7.8%5.1% Arts, Entertainment and Recreation4,0504,3504,100-300-50-6.9%-1.2% Accommodation and Food Services29,20031,70027,550-2,5001,650-7.9%6.0% Accommodations9,10010,5009,050-1,40050-13.3%0.6% Hotels & Motels7,6008,4008,000-800-400-9.5%-5.0% Food Services and Drinking Places20,10021,20018,500-1,1001,600-5.2%8.6% OTHER SERVICES10,0509,9509,9501001001.0%1.0% GOVERNMENT53,85043,30054,30010,550-45024.4%-0.8% Federal Government6,5506,6006,400-50150-0.8%2.3% State Government Education9,3006,9008,6002,40070034.8%8.1% Local Government Education21,50012,35023,1009,150-1,60074.1%-6.9% Other State Government8,9509,3009,150-350-200-3.8%-2.2% Other Local Government7,5508,1507,050-600500-7.4%7.1% Total – Nonfarm115.1114.7184.108.40.206.33.0 September2011August2011September2010August2011September2010