Vermont Business Magazine After the previous week's spike and relatively high summer numbers, weekly unemployment claims fell last week to their lowest level of the season. Claims in 2016 generally have been running above 2015 claims, but were down last week year-to-year. For the week of July 30, 2016, there were 362 claims, down 277 from the previous week's total and 26 fewer than they were a year ago. By industry, claims claims were down across the board, especially for Manufacturing, which spike in the previous report. Service, the usual leader, again had the most claims.
Altogether 4,060 new and continuing claims were filed, a decrease of 176 from a week ago, and 68 more than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate rose one-tenth to 3.2 percent in June, as the labor force and total employment increased, along with an increase in the number of unemployed. This is the first monthly increase in the unemployment rate in seven years. The possible good news is that more people are looking for work. SEE STORY.
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
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.
