Vermont Business Magazine Less than two months after a historic low, Vermont's weekly unemployment claims have surged to over 700. For the week of September 26, there were 286 claims. Not to be alarmed, they're still lower than last year.
New, regular benefit claims for Unemployment Insurance in Vermont for the week of November 7 were 704, an increase of 77 from the previous week's total and 129 fewer than they were a year ago. Generally, claims have been running below last year's totals. Total claims were up a little in most regions of the state for the week, but down everywhere for the year. By industry, claims increased for Manufacturing and were slightly up for Construction. As has been the trend, Services led all categories with 53 percent of all claims.
Altogether 3,973 new and continuing claims were filed, an increase of 261 from a week ago, and 1,023 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 3,973 claims, 261 more than last week, and 1,024 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 was up one-tenth to 3.7 percent in September, as total employment fell and the number of unemployed was up, but the total labor market was also down.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.
