Vermont Business MagazineWeekly unemployment claims in Vermont fell to their lowest level in memory last week. There were 309 new, regular benefit claims for Unemployment Insurance in Vermont, a decrease of 37 from the previous week's total and 89 fewer than they were a year ago. Generally, claims have been running below last year's totals. Total claims were down in most regions of the state. By industry, claims fell in manufacturing but otherwise held steady with very low total. As has been the trend, Services led all categories with 48 percent of all claims.
Altogether 3,212 new and continuing claims were filed, a decrease of 267 from a week ago, and 336 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 3,212 claims, 267 fewer than last week, and 339 fewer than the same time last year.
For the week by industry, Services claims were up slightly in number and as a percentage fromthe prior week and still represent the preponderance of claims for any one sector, at 53 percent of all claims. Manufacturing claims were down after a spike the previous from the prior week.
By region, Total Claims in every region of the state was down for the week and mostly down 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 August, as total employment fell and unemployment was up, but the total labor market was also down.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.
