Weekly unemployment claims stay high, higher than last year

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Weekly unemployment claims stay high, higher than last year

Fri, 01/06/2017 - 12:04pm -- tim

Vermont Business Magazine Weekly unemployment claims stayed at their post-holiday level as service companies shed short-term workers. Claims also were higher than last year at this time. While Services reported the most claims, Manufacturing doubled for the week to an unusually high 444 claims. 

The holidays typically produce wild swings in unemployment claims, because of an increase in hiring in the Service sector, from retail to delivery-related businesses, and then an abrupt round of layoffs. 

For the week of December 31, 2016, there were 1,531 claims, down 2 from the previous week's total but 379 more than than they were a year ago (1,152). The previous week's totals were much lower than the previous year, so this could be just a timing lag.

Altogether 7,277 new and continuing claims were filed, an increase of 925 from a week ago, and 421 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 3.2 percent in November, as the labor force fell and total employment increased by a small amount, along with a decrease in the number of unemployed. SEE STORY.

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.