Weekly unemployment claims stay low

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Weekly unemployment claims stay low

Mon, 09/11/2017 - 7:40am -- tim

Vermont Business Magazine Weekly unemployment claims rose above 300 last week but remain at a very low level. Claims had been falling steadily since early July. Claims also are lower than they were the same time last year, which has been the case for most weeks in 2017. For the week of September 2, 2017, there were 310 claims, 28 more than than they were last week and 52 fewer than they were a year ago.

Altogether 3,338 new and continuing claims were filed, a decrease of 284 from a week ago, and 551 fewer than a year ago.

Claims during the summer usually hold at a relatively low level because of vacation hiring, until the next transition, which typically happens in September when school resumes.

As expected, by industry, Services accounted for the most claims (50 percent of the total). Manufacturing saw an increase and represents 17 percent of all claims, or about 50 new claims for the week.

The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).

Vermont's unemployment rate for July was 3.1 percent. This reflects a one-tenth drop from the revised June rate (3.2 percent), as the Labor Force fell. SEE STORY.


July tax revenues still soft
New England unemployment rate still below US for July

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

VBM vermontbiz.com