Weekly unemployment claims fall steeply

New unemployment claims in Vermont fell well below recent levels and were also down compared to last year's total. For the week of February 2, 2013, there were 675 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 498 from the previous week's total, and 162 fewer than they were the same time last year.
Altogether 9,609 new and continuing claims were filed, a decrease of 167 from a week ago and 431 fewer than a year ago. The Department also processed 1,053 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 30 more than a week ago.
In addition, there were 45 Second Tier claims for benefits processed under the EUC08 program, which is 2 more than the week before. The Tier II program of extended benefits is being discontinued in Vermont as the state's unemployment rate has been under the federal threshold for more than three months.
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 one-tenth to 5.1 percent in December, the second consecutive monthly decline. SEE STORY