Vermont Business Magazine Weekly unemployment claims fell again last week to just over 300, which is low even for the typically low summer-time number. There still could be some volatility coming soon after school lets out. Claims spiked to over 1,100 six weeks ago and then again two 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 May 27, 2017, there were 329 claims, down 60 from the previous week's total and 88 fewer than than they were a year ago.
Altogether 3,933 new and continuing claims were filed, a decrease of 416 from a week ago, and 507 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), while most sectors saw only minor change.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate rose one-tenth to 3.1 percent in April, as the labor force and total employment decreased modestly, while total unemployment increased. 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.
