Vermont Business Magazine Weekly unemployment claims slightly again last week to a typically low summer-time level. Claims had been running higher than usual for the summer, but as of last week are lower than they have been for close to two months. Claims also are lower than they were the same time last year, which had been the usual case for most weeks in 2017 until recently. For the week of July 22, 2017, there were 376 claims, down 69 from the previous week's total and 263 fewer than than they were a year ago.
Altogether 3,922 new and continuing claims were filed, a decrease of 404 from a week ago, and 678 fewer than a year ago.
Claims during the summer usually hold at a relatively low level because of vacation hiring, until the next transition when school resumes in September.
As expected, by industry, Services reported the most claims (44 percent of the total). Manufacturing saw an increase to 24 percent of the total.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate for June was 3.2 percent. This reflects no change from the revised May rate (3.2 percent).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. VBM vermontbiz.com
