Vermont Business Magazine Weekly unemployment claims continued a trend from the beginning of the year, as numbers fell toward 500. Claims rose in the late fall and peaked around the holidays. Forthe week of February 14, 2015, there were 514 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 123 from the previous week's total, and 34 fewer than they were a year ago. In 2014, claims were consistently below 2013 levels on a week-to-week basis.
Graph shows private employment (nonfarm, nongovernment)
Altogether 7,968 new and continuing claims were filed, a decrease of 94 from a week ago and 422 fewer than a year ago. The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), the same asthe 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 7,968 claims, 94 fewer than last week, and 553 fewer than the same time last year. By industry, Construction claims are up and Services claims are down.
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 two-tenths to 4.2 percent in December as total employment and the labor force grew. It was as low as 3.3 percent in May 2014.SEESTORY.