Weekly unemployment claims continue upward climb

first_imgThere were 1,361 new regular benefit claims for Unemployment Insurance last week, the second time in three weeks claims have spiked over 1,000 and now exceed the post Tropical Irene spike. This is an increase of 246 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, but in the last several weeks there has been mostly an increase in the number of new claims. The latest numbers are more than double the initial claims observed in July and August.Altogether 7,113 new and continuing claims were filed, a decrease of 58 from a week ago, and 2,613 fewer than a year ago. The Department also processed 1,384 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 173 fewer than a week ago. In addition, there were 601 Second Tier claims for benefits processed under the EUC08 program, which is 78 fewer more 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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