Weekly unemployment claims hold steady under 800

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Weekly unemployment claims hold steady under 800

Fri, 03/10/2017 - 11:42am -- tim

Vermont Business Magazine Weekly unemployment claims were nearly unchanged last week last week, but are up over 300 from the same time last year. By industry, Services reported the most claims with 314 claims (40 percent of the total). Services typically report the most claims, though Construction had led the way for most of the winter. The spikes in the graph below reveal the volatility in hiring and firing in Service positions around the holidays.

For the week of March 4, 2017, there were 785 claims, up 2 from the previous week's total and 312 more than than they were a year ago. Year-to-year claims had been running lower the last several weeks.

Altogether 7,297 new and continuing claims were filed, an increase of 286 from a week ago, and 233 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. The January and February jobless rates will not be released until March. SEE STORY.

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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.