Weekly unemployment claims continue to surge

Vermont Business Magazine Vermont's weekly unemployment claims, which have been steadily increasing since the end of the summer, jumped to over 1,200 for the week, but remain below figures from the same time last year. For the week of November 28, there were 1,257 claims, an increase of 462 from the previous week's total and 171 fewer than they were a year ago. Generally, claims in 2015 have been running below last year's totals. Total claims were down in all regions of the state year-to-year. By industry, claims increased slightly for Manufacturing, and fell for Construction. As has been the trend, Services led all categories with 54 percent of all claims, which was up significantly for the week.

unemployment rate & jobs, seasonally adjusted, chartsAltogether 4,680 new and continuing claims were filed, an increase of 42 from a week ago, and 1,612 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.