Vermont Business Magazine Weekly unemployment claims jumped last week after falling the week before. This suggests that the winter tourism season is winding down just as the best snowfall of the year covered the state with deep powder. Claims were also higher than a year ago. As expected, by industry, Services reported the most claims with 597 (67 percent of the total), all the other sectors were similar to the previous week's totals. Services typically report the most claims. The spikes in the graph below reveal the previous volatility in hiring and firing in Service positions around the 2016 holidays.
For the week of March 18, 2017, there were 891 claims, up 423 from the previous week's total and 97 more than than they were a year ago. Year-to-year claims had been running lower the last several weeks.
Altogether 6,940 new and continuing claims were filed, an increase of 149 from a week ago, and 359 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.o percent in February, as the labor force and total employment increased, along with a decreasein the number of unemployed. SEESTORY.
RELATED STORIES:
Personal Income pushes tax revenues ahead of targets
February jobless rate down another tenth to 3.0 percent
PAI: 2017 kicks off strong for jobs
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.
