Weekly unemployment claims fall to 320

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Weekly unemployment claims fall to 320

Mon, 08/07/2017 - 12:26pm -- tim

Vermont Business Magazine Weekly unemployment claims fell again last week to a low summer-time level. Claims had been running higher than usual earlier in the summer, but have fallen steadily during July. Claims also are lower than they were the same time last year, which had been the usual case for most weeks in 2017. For the week of July 29, 2017, there were 320 claims, down 56 from the previous week's total and 42 fewer than than they were a year ago.

Altogether 3,853 new and continuing claims were filed, a decrease of 69 from a week ago, and 571 fewer than a year ago.

Claims during the summer usually hold at a relatively low level because of vacation hiring, until the next transition when school resumes in September.

As expected, by industry, Services reported the most claims (52 percent of the total). Manufacturing fell to 17 percent of the total after a brief spike the previous week.

The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).

Vermont's unemployment rate for June was 3.2 percent. This reflects no change from the revised May rate (3.2 percent). SEE STORY.

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The Unemployment Weekly Report can be found at: http://www.vtlmi.info/. Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc