Vermont Business Magazine Weekly unemployment claims fell dramatically last week to under 500 for the first time in nearly three months. Still, claims are running a bit higher versus a year ago. For the week of May 28, 2016, there were 490 claims, down 287 from the previous week's total and 46 more than they were a year ago. By industry, claims were down for Services, but about tripled for Manufacturing.
Altogether 4,778 new and continuing claims were filed, a decrease of 351 from a week ago, and 117 more 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 3.2 percent in April, as the labor force and total employment increased, along with a 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.
