Weekly unemployment claims fall after storm-related spike

-A A +A

Weekly unemployment claims fall after storm-related spike

Fri, 09/23/2011 - 6:55am -- tim

There were 717 new regular benefit claims for Unemployment Insurance last week. This is a decrease of 359 from the week before, as new claims returned closer to typical levels following a two-week spike in claims resulting from tropical storm Irene. The week prior to the storm saw a seasonal low of fewer than 500 claims. Altogether 6,375 new and continuing claims were filed, a decrease of 425 from a week ago and 962 fewer than a year earlier. The Department also processed 1,444 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 14 fewer than a week ago. In addition, there were 727 Second Tier claims for benefits processed under the EUC08 program, which is a decrease of 8 from 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 increased two-tenths in August to 5.9 percent. See story HERE.  

 

 

Vermont Labor Force Statistics (Seasonally Adjusted)

 

       Changes From

 

August
2011

July
2011

August
2010

July
2011

August
2010

 

 

 

 

 

 

Total Labor Force

359,800

359,800

360,000

0

-200

   Employment

338,800

339,300

338,400

-500

400

   Unemployment

21,100

20,500

21,600

600

-500

   Rate (%)

5.9

5.7

6.0

0.2

-0.1

Vermont’s labor force, employment and unemployment statistics are produced from a combination of a Statewide survey of households and statistical modeling.  The data are produced by the Local Area Unemployment Statistics Program (LAUS) a cooperative program with the US Department of Labor, Bureau of Labor Statistics and the Vermont Department of Labor.