There were 1,250 new regular benefit claims for Unemployment Insurance last week, as claims remain at a high level post Tropical Storm Irene. However, new claims decreased of 111 from the week before. Last summer's historically low claims came to an abrupt end with the storm. The numbers then dropped signifcantly in the following weeks after the storm, but in the last several weeks there has been mostly an increase in the number of new claims. The latest numbers are more than double the initial claims observed in July and August.
Altogether 8,469 new and continuing claims were filed, an increase of 1,356 from a week ago, but 2,876 fewer than a year ago. The Department also processed 1,585 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 201 more than a week ago. In addition, there were 675 Second Tier claims for benefits processed under the EUC08 program, which is 74 fewer more than the week before. 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
Vermont's unemployment rate fell two-tenths in October to 5.6 percent. SEE STORY HERE.
Weekly unemployment claims stay at high level
Submitted by tim
on