Vermont Business Magazine After a long upward trend, unemployment claims were virtually the same as last week and last year. Claims had risen following the "disastrous" winter tourism season, but have now fallen back into a significantly lower range. For the week of May 7, 2016, there were 525 claims, up 2 from the previous week's total and 21 more than they were a year ago. By industry, claims fell across the board, except for Manufacturing and Services, which were up 5 and 4 percent. Services continued to garner by far the most with 65 percent of all claims.
Altogether 5,550 new and continuing claims were filed, a decrease of 993 from a week ago, and 7 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.
