Vermont Business Magazine Weekly unemployment claims remained under 300 claims last week to hold at a historically low level. Claims have 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 23, 2017, there were 298 claims, 4 more than than they were last week and 55 fewer than they were a year ago.
Altogether 2,532 new and continuing claims were filed, a decrease of 93 from a week ago, and 459 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. But claims this year have not seen that upward fluctuation, at least not yet, as hiring remains tight and the weather remains unseasonably warm.
As expected, by industry, Services accounted for the most claims (50 percent of the total), as all industries remained relatively unchanged.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate for August was 3.0 percent. This reflects a one-tenth drop from the revised July rate (3.1 percent), as the Labor Force fell.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.
