New unemployment claims fell again last week to their lowest level since before Thanksgiving. For’the week of January 4, 2014, there were 778 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 210 from the previous week's total, and 332 fewer than they were a year ago.
Mathew Barewicz, economic and labor market information chief at the Vermont Department of Labor, said the recently high unemployment claim pattern is typical of the holiday season in Vermont, he said, as the economy transitions from warm to cold weather labor requirements and also reflects temporary hires and layoffs.
Altogether 9037 new and continuing claims were filed, a decrease of 827 from a week ago and 891 fewer than a year ago. The Department also processed 285 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 39 fewer than the previous week.
In addition, there were 8 Second Tier claims for benefits processed under the EUC08 program, which is 4 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 9,330 claims, 870 fewer than last week, and 1,744 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. The release of the December 2013 rate will be on January 28.’‘SEE’STORY.
Weekly unemployment claims fall to pre-holiday levels
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