Vermont Business Magazine After a precipitous spike the previous week, unemployment claims fell by more than a 1,000 last week to return to numbers similar to a year ago. Claims had been on the rise since the end of what economists called a "disastrous" winter tourism season, which was plagued by too little snow and too much rain. For the week of April 30, 2016, there were 523 claims, down 645 from the previous week's total and 8 more than they were a year ago. By industry, claims fell across the board, except for Trade. Services continued to garner by far the most with 61 percent of all claims.
Altogether 6,543 new and continuing claims were filed, a decrease of 378 from a week ago, and 22 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 3.3 percent in March, as the labor force and total employment increased, along with a decrease in the number of unemployed. 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.
