Weekly unemployment claims in Vermont soar over 1,000

first_imgThere were 1,094 new regular benefit claims for Unemployment Insurance last week. This is an increase of 212 from the week before, as new claims increased again to levels not seen since the immediate aftermath of Tropical Storm Irene. In looking at the table below, you will see that the summer’s historically low claims came to an abrupt end with the storm. The numbers then dropped signifcantly in the following weeks, but in the last few weeks there has been a steady increase in the number of new claims. The latest numbers are more than double the initial claims observed in July and August. Altogether 6,370 new and continuing claims were filed, an increase of 424 from a week ago, but 2,125 fewer than a year ago. The Department also processed 1,530 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 34 more than a week ago. In addition, there were 690 Second Tier claims for benefits processed under the EUC08 program, which is 11 fewer than the week before. 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 fell one-tenth in September to 5.8 percent. See story HERE.last_img

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