Weekly unemployment claims fall to pre-Irene levels
Weekly unemployment claims decreased by 167, falling back to the low levels found in the weeks before Tropical Storym Irene hit last August.. For the week there were 453 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 87 from last year's total.
Altogether 6,017 new and continuing claims were filed, a decrease of 191 from a week ago and 763 fewer than a year ago. The Department also processed 1,327 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 22 fewer than a week ago. In addition, there were 379 Second Tier claims for benefits processed under the EUC08 program, which is 15 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.
Vermont's unemployment rate increased three-tenths to 5.0 percent in July. This is the lowest rate in New England and fifth lowest in the US. SEE STORY