Weekly unemployment claims inch down

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Weekly unemployment claims inch down

Fri, 02/17/2017 - 9:49am -- tim

Vermont Business Magazine Weekly unemployment claims remained relatively flat again last week. By industry, Services were slightly higher than Construction, which had reported the most claims over the last few weeks. Most times of the year, Services record the most claims. The spikes in the graph below reveal the volatility in hiring and firing around the holidays.

For the week of February 11, 2017, there were 554 claims, down 8 from the previous week's total and 23 more than than they were a year ago. Year-to-year claims have been lower the last several weeks.

Altogether 6,781 new and continuing claims were filed, an decrease of 35 from a week ago, and 504 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 decrease in the number of unemployed. 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

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.