Vermont Business MagazineWeekly unemployment claims in Vermont fell slightly last week, and remain at their typically low summer totals. There were 347 new, regular benefit claims for Unemployment Insurance in Vermont, a decrease of 17 from the previous week's total and 29 fewer than they were a year ago. Generally, claims have been running below last year's totals. Claims were down slightly in nearly all regions of the state and in most industry categories, except manufacturing, which more than doubled.
Altogether 4,123 new and continuing claims were filed, a decrease of 185 from a week ago, and 284 fewer than a year ago. The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08). The total for all programs was 4,123 claims, 185 fewer than last week, and 288 fewer than the same time last year.
For the week by industry, Services claims were down in number and as a percentage fromthe prior week and still represent the preponderance of claims for any one sector, at 42 percent of all claims. Manufacturing claims were up 14 percent from the prior week and 6 percent from last yearboth in number and percentage, while Construction claims fell 4 percent from last week and 5 percent from last year.
By region, nearly every region of the state was down for the week and down noticeably from last year.
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 held at 3.6 percent in July, as total employment grew and unemployment fell.SEESTORY.
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.
