Vermont Business Magazine Weekly unemployment claims edged up last week, but fell from the same time last year, which has been the pattern so far in 2017. By industry, Construction reported the most claims, as it has since the beginning of the new year. Most times of the year, Services record the most claims. The spikes in the graph below reveal the volatility in hiring and firing in Service positions around the holidays.
For the week of February 18, 2017, there were 571 claims, up 17 from the previous week's total and 272 fewer than than they were a year ago. Year-to-year claims have been lower the last several weeks.
Altogether 6,838 new and continuing claims were filed, an iincrease of 57 from a week ago, and 621 fewer than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate fell one-tenth to 3.1 percent in December, as the labor force and total employment increased by a small amount, along with a decreasein the number of unemployed. The January and February jobless rates will not be released until March.SEESTORY.
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Jobless rate falls to 3.1 percent, labor force increases
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
NOTE: Employment (nonfarm payroll)- A count of all persons who worked full- or part-time or received pay from a nonagricultural employer for any part of the pay period which included the 12th of the month. Because this count comes from a survey of employers, persons who work for two different companies would be counted twice. Therefore, nonfarm payroll employment is really a count of the number of jobs, rather than the number of persons employed. Persons may receive pay from a job if they are temporarily absent due to illness, bad weather, vacation, or labor-management dispute. This count is based on where the jobs are located, regardless of where the workers reside, and is therefore sometimes referred to as employment "by place of work." Nonfarm payroll employment data are collected and compiled based on the Current Employment Statistics (CES) survey, conducted by the Vermont Department of Labor. This count was formerly referred to as nonagricultural wage and salary employment.
