Vermont Business Magazine Weekly unemployment claims rose slightly again last week but remain at their typically low summer-time level. There still could be some volatility coming as school jobs end and claims are made. Claims spiked to over 1,100 eight weeks ago and then again three weeks ago before falling steeply. Claims are lower than they were the same time last year, which has been the usual case for most weeks in 2017. For the week of June 17, 2017, there were 459 claims, up 90 from the previous week's total and 537 fewer than than they were a year ago.
Altogether 3,752 new and continuing claims were filed, a decrease of 64 from a week ago, and 911 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 (57 percent of the total). Manufacturing also saw an increase of about 20 claims to 22 percent of the total.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate for May was 3.1 percent. This reflects no change from the revised April rate (3.1 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