Vermont Business Magazine Weekly unemployment claims rose last week in large part to layoffs in Services and Construction, which is typical of the season. Overall, claims have edged down over the last two months. For the week of October 8, 2016, there were 448 claims, up 120 from the previous week's total and 10 more than than they were a year ago. By industry, claims slightly increased again for Construction, but much more so for Services, with 115 new claims or 61 percent of the total. Services typically register the most claims in any month, but this week's total is a higher percentage than usual. Manufacturing fell marginally by 13 claims or 8 percent of the total, which remains relatively low.
Altogether 2,981 new and continuing claims were filed, an increase of 92 from a week ago, and 90 fewer than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate rose one-tenth to 3.3 percent in August, as the labor force and total employment decreased, along with an increase in the number of unemployed. Overall this was a slightly worse report than for June or July but only marginally so. SEE STORY.
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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.
