Weekly unemployment claims up after long down trend

New unemployment claims rose last week to over 600 as a summer-long down trend came to an end. For the week of October 5, 2013, there were 625 new, regular benefit claims for Unemployment Insurance in Vermont. This is an increase of 22 from the previous week's total, and 121 fewer than they were a year ago.
Altogether 3,981 new and continuing claims were filed, a decrease of 217 from a week ago and 54 more than a year ago. The Department also processed 682 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 25 fewer than a week ago.
In addition, there were 16 Second Tier claims for benefits processed under the EUC08 program, which is 9 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 4,891 claims, 169 fewer than last week but 1,289 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 stayed at 4.6 percent in August. SEE STORY.