Vermont Business MagazineWeekly unemployment claims in Vermont increased above 600, more than doubling after its historic low of under 300 at the end of September. For the week of October 24, there were 610 new, regular benefit claims for Unemployment Insurance in Vermont, an increase of 57 from the previous week's total and 187 fewer than they were a year ago. Generally, claims have been running below last year's totals. Total claims were generally up a little in most regions of the state. By industry, claims fell for Manufacturing and were up for Services. As has been the trend, Services led all categories with 55 percent of all claims, the same as last week.
Altogether 3,388 new and continuing claims were filed, an increase of 78 from a week ago, and 752 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 3,388 claims, 78 more than last week, and 753 fewer than the same time last year.
By region, Total Claims in nearly every region of the state were about the same for the week and largely down from 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 unemployment 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.
