Vermont Business Magazine New unemployment claims in Vermont rose again. Claims have been going through a cycle of steady increases followed by a steep drop the last few months, climbing about 1,100 before settling back to under 600. However, they have been consistently below the numbers from 2013. Forthe week of May 17, 2014, there were 701 new, regular benefit claims for Unemployment Insurance in Vermont. This is an increase of 165 from the previous week's total, and 148 fewer than they were a year ago.
Altogether 6,001 new and continuing claims were filed, a decrease of 288 from a week ago and 750 fewer than a year ago. The Department also processed 30 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 1 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. The US Senate overwhelmingly passed such legislation April 7, but it faces an uncertain future in the House. Congress would need to act to renew these extended benefit programs.SEESTORY
The total for all programs was 6,031 claims, 289 fewer than last week, and 1,594 fewer than the same time last year.
The Unemployment Weekly Report can be found at:http://www.vtlmi.info/ (link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at:http://www.vtlmi.info/lmipub.htm#uc (link is external)
Vermont's unemployment rate fell one-tenth to 3.3 percent in April, the second lowest in the nation behind only North Dakota (2.6 percent).SEESTORY.
