Weekly unemployment claims fall to under 700

New unemployment claims fell in Vermont, for the most part continuing a trend seen since the middle of spring. For the week of May 25, 2013, there were 683 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 166 from the previous week's total, and 37 fewer than they were a year ago.
Altogether 6,517 new and continuing claims were filed, a decrease of 234 from a week ago and 720 fewer than a year ago. The Department also processed 815 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 22 fewer than a week ago.
In addition, there were 28 Second Tier claims for benefits processed under the EUC08 program, which is 1 fewer than the week before. The Tier III 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 total for all programs was 7,367 claims, 258 fewer than last week and 2,043 fewer than the same time last year.
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-tenths to 4.0 percent in April, the third lowest rate in the nation and lowest in New England. SEE STORY.