Weekly unemployment claims fall, edge below 1,000

New unemployment claims in Vermont fell again last week to below 1,000. For the week of May 4, 2013, there were 922 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 127 from the previous week's total, and 208 more than they were a year ago.
Altogether 8,108 new and continuing claims were filed, a decrease of 445 from a week ago and 515 fewer than a year ago. The Department also processed 889 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 23 fewer than a week ago.
In addition, there were 27 Second Tier claims for benefits processed under the EUC08 program, which is 3 fewer than the week before. The Tier III 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 total for all programs was 9,033 claims, 473 fewer than last week and 1,828 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 4.1 percent in March, the third lowest rate in the nation and lowest in New England. SEE STORY.