Weekly unemployment claims fall back for second week

first_imgThere were 1,020 new regular benefit claims for Unemployment Insurance last week, as claims remain at a high level post Tropical Storm Irene. However, new claims decreased of 230 from the week before. Last summer’s historically low claims came to an abrupt end with the storm. The numbers then dropped signifcantly in the following weeks after the storm, but in the last several weeks there has been mostly an increase in the number of new claims. Despite a recent drop in new claims, the latest numbers are nearly double the initial claims observed in July and August.Altogether 7,627 new and continuing claims were filed, a decrease of 842 from a week ago and 2,840 fewer than a year ago. The Department also processed 1,516 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 69 fewer than a week ago. In addition, there were 651 Second Tier claims for benefits processed under the EUC08 program, which is 24 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 two-tenths in October to 5.6 percent. SEE STORY HERE.last_img

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