Vermont Business Magazine Weekly unemployment claims rose last week for the third week. Most sectors were up across the board, except for Manufacturing, which was down after spiking the week before. After running at a very low level during the latter part of the summer, overall claims have increased steadily the last two weeks. For the week of October 22, 2016, there were 618 claims, up 47 from the previous week's total and 8 more than than they were a year ago.
Altogether 3,400 new and continuing claims were filed, an increase of 221 from a week ago, and 12 more than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate remained at 3.3 percent in September, as the labor force and total employment decreased, along with a small increase in the number of unemployed. 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.
