Vermont Business MagazineWeekly unemployment claims in Vermont fell by more than 100 last week. Despite a spike in June, claims are typically low during the summer. There were 363 new, regular benefit claims for Unemployment Insurance in Vermont, a decrease of 133 from the previous week's total and 41 fewer than they were a year ago. Generally, claims have been running below last year's totals.
Altogether 4,394 new and continuing claims were filed, a decrease of 196 from a week ago, and 569 fewer than a year ago. The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08). The total for all programs was 4,394 claims, 196 fewer than last week, and 576 fewer than the same time last year.
For the week by industry, Services claims still represent the preponderance of claims for any one sector, representing 54 percent of all claims, which was actually down in raw numbers with total claims being down. Manufacturing and Construction claims were both down as a percentage of the total and considerably in actual numbers of claims. There were only 22 total construction claims.
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 held at 3.6 percent in May, as total employment grew and unemployment fell.SEESTORY.
NOTE: Employment (nonfarm payroll)- A count of all persons who worked full- or part-time or received pay from a nonagricultural employer for any part of the pay period which included the 12th of the month. Because this count comes from a survey of employers, persons who work for two different companies would be counted twice. Therefore, nonfarm payroll employment is really a count of the number of jobs, rather than the number of persons employed. Persons may receive pay from a job if they are temporarily absent due to illness, bad weather, vacation, or labor-management dispute. This count is based on where the jobs are located, regardless of where the workers reside, and is therefore sometimes referred to as employment "by place of work." Nonfarm payroll employment data are collected and compiled based on the Current Employment Statistics (CES) survey, conducted by the Vermont Department of Labor. This count was formerly referred to as nonagricultural wage and salary employment.
