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Weekly unemployment claims continue decline

first_imgWeekly unemployment claims fell for the fourth consecutive week. This follows an end-of-the-year spike in new claims. It comes on the heels of a rise in the Vermont unemployment rate of 6.9 percent in December 2009, up from 6.4 percent in November. It is not clear at this point whether a drop in claims will result in a drop in the January 2010 unemployment rate, which will not be released until March. Year-to-year claims are also down. For the week of January 23, 2010, there were 1,022 new regular benefit claims for Unemployment Insurance last week, a decrease of 244 from the week before. Altogether 14,835 new and continuing claims were filed, a decrease of 217 from a week ago and 1,070 fewer than a year earlier. The Department also processed 4,932 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 74 fewer than a week ago. In addition, there were 3,208 Second Tier claims for benefits processed under the EUC08 program, which is an increase of 40 from 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)last_img

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