Weekly unemployment claims fall to under 1,000

New unemployment claims in Vermont decreased last week to their lowest levels since mid-February. They are also slightly lower than for the same time last year. For the week of March 9, 2013, there were 932 new, regular benefit claims for Unemployment Insurance in Vermont. This is an decrease of 152 from the previous week's total, and 27 fewer than they were a year ago.
Altogether 9,810 new and continuing claims were filed, a decrease of 105 from a week ago and 601 fewer than a year ago. The Department also processed 949 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 49 fewer than a week ago.
In addition, there were 37 Second Tier claims for benefits processed under the EUC08 program, which is 11 fewer than the week before. The Tier II program of extended benefits is being discontinued in Vermont as the state's unemployment rate has been under the federal threshold for more than three months.
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