Weekly unemployment falls nearly 400, still high

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Weekly unemployment falls nearly 400, still high

Fri, 05/05/2017 - 10:21am -- tim

Vermont Business Magazine Despite a big decline in weekly unemployment claims last week, claims over the last six weeks are still trending up overall, as the economy edges out of the ski season into mud season. Claims spiked to over 1,100 the previous week but remain relatively high at over 700 and are well over the same period last year. Claims typically have been running below last year.

For the week of April 29, 2017, there were 759 claims, down 382 from the previous week's total and 236 more than than they were a year ago.

Altogether 5,959 new and continuing claims were filed, a decrease of 289 from a week ago, and 584 fewer than a year ago.

As expected, by industry, Services reported the most claims (56 percent of the total), while most other sectors saw a drop. Services typically reports the most claims.

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

Vermont's unemployment rate held at 3.0 percent in March, as the labor force and total employment increased modestly, while other metrics were mixed. 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.