Weekly unemployment claims fall back to mid-winter levels

first_imgVermont Business Magazine The post-winter recreation layoffs appear to be subsiding, if a little earlier than usual, and weekly unemployment claims are back to about where they were in January. Claims fell last week, but are still slightly ahead of numbers from the same time last year, as the disappointing winter tourism season ended sooner due to a historically warm winter. For the week of March 26, 2016, there were 639 claims, down 155 from the previous week’s total and 71 more than they were a year ago. By industry, claims fell evenly across most sectors. Altogether 7,299 new and continuing claims were filed, a decrease of 103 from a week ago, and 154 fewer than a year ago.The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)Vermont’s unemployment rate held at 3.4 percent in February, as the labor force and total employment increased, along with a decrease in the number of unemployed. SEE STORY.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.last_img

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