Vermont Business Magazine Vermont's weekly unemployment claims, which had surged to over 700 the last couple of months, fell back modestly last week, after their historically low run at the end of the summer. For the week of November 14, there were 666 claims, a decrease of 38 from the previous week's total and 126 fewer than they were a year ago. Generally, claims have been running below last year's totals. Total claims were up in most regions of the state for the week, but down nearly everywhere for the year. By industry, claims decreased significantly for Manufacturing, but nearly doubles for Construction, as its season wound down. As has been the trend, Services led all categories with 48 percent of all claims, which was down for the week.
Altogether 4,205 new and continuing claims were filed, an increase of 232 from a week ago, and 998 fewer 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 remained at 3.7 percent in October, as the labor force and total employment fell, with no change in the number of unemployed.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.
