New unemployment claims rose last week after decreasing for seven consecutive weeks, or every week since the end of 2013. Forthe week of February 22, 2014, there were 824 new, regular benefit claims for Unemployment Insurance in Vermont. This is an increase of 276 from the previous week's total, and 154 fewer than they were a year ago.
Source: Vermont Dept of Labor
Altogether 8,560 new and continuing claims were filed, an increase of 170 from a week ago and 911 fewer than a year ago. The Department also processed 99 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 28 fewer than the previous week.
In addition, there were 3 Second Tier claims for benefits processed under the EUC08 program, one fewer than the week before. 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.
The total for all programs was 8,662 claims, 141 more than last week, and 1,816 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-tenth to 4.2 percent in December. SEESTORY.
Weekly unemployment claims rise after seven-week decline
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