Vermont Business MagazineWeekly unemployment claims are less than half what they were three weeks ago and are running slightly lower than last year, as post-holiday employment levels returned to a more typical level. The holidays produce wild swings in these numbers, as retailers, especially, hire then lay off workers in short order. By industry, Construction again reported the most claims last week 36 percent of all claims, but were actually lower in number than the previous week (243 vs 310). In an average week, Services usually record the most claims.
For the week of January 14, 2017, there were 676 claims, down 264 from the previous week's total and 77 fewer than than they were a year ago.
Altogether 7,167 new and continuing claims were filed, a decrease of 598 from a week ago, and 368 fewer than a year ago.
The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).
Vermont's unemployment rate fell one-tenth to 3.1 percent in December, as the labor force and total employment increased by a small amount, along with a decreasein the number of unemployed.SEESTORY.
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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
NOTE: Employment (nonfarm payroll)- A count of all persons who worked full- or part-time or received pay from a nonagricultural employer for any part of the pay period which included the 12th of the month. Because this count comes from a survey of employers, persons who work for two different companies would be counted twice. Therefore, nonfarm payroll employment is really a count of the number of jobs, rather than the number of persons employed. Persons may receive pay from a job if they are temporarily absent due to illness, bad weather, vacation, or labor-management dispute. This count is based on where the jobs are located, regardless of where the workers reside, and is therefore sometimes referred to as employment "by place of work." Nonfarm payroll employment data are collected and compiled based on the Current Employment Statistics (CES) survey, conducted by the Vermont Department of Labor. This count was formerly referred to as nonagricultural wage and salary employment.