New unemployment claims fell again last week, but les dramatically than the previous week. Claims remain at a seasonally high level. For’the week of January 4, 2014, there were 988 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 93 from the previous week's total, and 35 fewer than they were a year ago.
Mathew Barewicz, economic and labor market information chief at the Vermont Department of Labor, said the high unemployment claim pattern is typical this time of year in Vermont, he said, as the economy transitions from warm to cold weather labor requirements and also reflects temporary hires and layoffs.
Altogether 9,864 new and continuing claims were filed, an increase of 445 from a week ago and 151 fewer than a year ago. The Department also processed 324 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 304 fewer than the same number a week ago.
In addition, there were 12 Second Tier claims for benefits processed under the EUC08 program, which is 17 fewer than the week before. There were zero Tier III claims, which is 2 fewer than a week ago. 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 10,200 claims, 122 more than last week, but 904 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 4.4 percent in November, the second consecutive month the rate has fallen one-tenth.’‘SEE’STORY.
Weekly unemployment claims fall again to under 1,000
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