Vermont Business Magazine Weekly unemployment claims bounced back up last week after a steep fall the week before, as the disappointing winter tourism season nears its end. For the week of March 12, 2016, there were 758 claims, up 285 from the previous week's total and 78 more than they were a year ago. By industry, claims were down in most industrial sectors except Services, which typically has the most claims.
Altogether 7,402 new and continuing claims were filed, a decrease of 128 from a week ago, and 426 fewer than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
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
Vermont's unemployment rate fell one-tenth to 3.4 percent in January (the February rate will be announced March 25), as the labor force and total employment so slight increases, along with a small decrease in the number of unemployed. SEE STORY.
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.
