There were 1,076 new regular benefit claims for Unemployment Insurance last week. While this is a decrease of 103 from the week before, this is still a very high level of claims as a result of the economic impact of tropical storm Irene. Two weeks previous saw a seasonal low of fewer than 500 claims. Altogether 6,800 new and continuing claims were filed, a decrease of 69 from a week ago and 578 fewer than a year earlier. The Department also processed 1,458 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 12 fewer than a week ago. In addition, there were 735 Second Tier claims for benefits processed under the EUC08 program, which is a decrease of 4 from the week before. 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 increased two-tenths in July to 5.7 percent. See story HERE.
Vermont Labor Force Statistics
Seasonally Adjusted
Change to
July 2011 from
July
2011
June
2011
July
2010
June
2011
July
2010
Total Labor Force
359,800
361,400
360,200
-1,600
-400
Employment
339,300
341,500
338,300
-2,200
1,000
Unemployment
20,500
19,900
21,900
600
-1,400
Rate
5.7%
5.5%
6.1%
0.2
-0.4