Vermont Business MagazineNew unemployment claims in Vermont fell to a new low this year. Claims are typically low this time of year. They tend to rise in the transition from summer to back-to-school in early September. Levels this year have been running consistently lower than those of last year.Forthe week of August 2, 2014, there were 353 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 77 from the previous week's total, and 171 fewer than they were a year ago.
Altogether 4,755 new and continuing claims were filed, a decrease of 100 from a week ago and 778 fewer than a year ago. The Department also processed 6 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), the same as the previous week.
There were no Second Tier claims for benefits processed under the EUC08 program. There were zero Tier III claims. The Tier I, II and III programs expired on December 28, 2013. Congress would need to act to renew these extended benefit programs.SEESTORY
The total for all programs was 4,761 claims, 100 fewer than last week, and 1,556 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 went up two-tenths to 3.5 percent in June, but still tied for the second lowest in the nation behind only North Dakota (2.7 percent).SEESTORY.
