Vermont Business MagazineNew unemployment claims in Vermont last week reversed course last week and fell and are once-again below totals from a year ago. Forthe week of July 5, 2014, there were 582 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 233 from the previous week's total, and 445 fewer than they were a year ago. Last week, claims were higher than last year for the first time in 2014.
Altogether 4,918 new and continuing claims were filed, a decrease of 210 from a week ago and 1,319 fewer than a year ago. The Department also processed 12 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 3 more than the previous week.
There were no Second Tier claims for benefits processed under the EUC08 program. 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.SEESTORY
The total for all programs was 4,930 claims, 207 fewer than last week, and 2,112 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 held at 3.3 percent in May, the second lowest in the nation behind only North Dakota (2.6 percent).SEESTORY.
