Vermont Business Magazine Weekly unemployment claims have been edging down the last four weeks and are running slightly lower than last year. The holidays produce wild swings in these numbers, as retailers, especially, hire then lay off workers in short order. But that dynamic has played itself out. By industry, Construction reported the most claims last week at 37 percent of all claims, and were slightly lower in actual number than the previous week. In an average week, Services usually record the most claims.
For the week of January 28, 2017, there were 575 claims, down 36 from the previous week's total and 60 fewer than than they were a year ago. Year-to-year claims have been lower the last several weeks.
Altogether 6,748 new and continuing claims were filed, a decrease of 248 from a week ago, and 509 fewer than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate fell one-tenth to 3.1 percent in December, as the labor force and total employment increased by a small amount, along with a decreasein the number of unemployed.SEESTORY.
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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.
