Vermont Business Magazine Weekly unemployment claims plunged last week to a very low level, as typical for summer, but are running higher in 2016 than in 2015. For the week of August 20, 2016, there were 389 claims, down 161 from the previous week's total and 25 more than they were a year ago. By industry, claims plunged for Manufacturing. Service, the usual leader, led the way with 56 percent of all claims, which for actual claims was about the same as last week.
Altogether 4,384 new and continuing claims were filed, a decrease of 54 from a week ago, and 76 more than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate held at 3.2 percent in July, as the labor force and total employment decreased, along with an increase in the number of unemployed. Overall this was a worse report than for June, despite no change in the actual rate. 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.
