New unemployment claims in Vermont fell again last week for the fourth consecutive week. Weekly claims had decreased for the first seven weeks of the year before a two-week increase and have fallen steadily since the end of February. Forthe week of March 29, 2014, there were 565 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 53 from the previous week's total, and 121 fewer than they were a year ago.
Altogether 8,002 new and continuing claims were filed, a decrease of 219 from a week ago and 803 fewer than a year ago. The Department also processed 59 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 7 fewer than the previous week.
There were no Second Tier claims for benefits processed under the EUC08 program, one fewer than the previous week. There were zero Tier III claims. The Tier I, II and III programs expired on December 28, 2013. Congress would need to act to renew these extended benefit programs.
The total for all programs was 8,061 claims, 226 fewer than last week, and 1,715 fewer than the same time 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 fell three-tenths to 3.7 percent in February. SEESTORY.