Vermont Business Magazine Weekly unemployment claims fell as anticipated last week. Claims tend to spike in June and fall back. They rose to nearly 1,000, but fell to well under last year's totals, as the transition from the end of school moves into the summer employment trend. For the week of June 25, 2016, there were 629 claims, down 367 from the previous week's total and 102 fewer than they were a year ago. By industry, claims increased by a handful for Construction, but were down about half for Manufacturing.
Altogether 4,699 new and continuing claims were filed, an increase of 36 from a week ago, and 15 more than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
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 fell one-tenth to 3.1 percent in May, as the labor force and total employment increased, along with a decrease in the number of unemployed. However, the overall jobs situation was not as strong as it was in April. SEE STORY.
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.
