Unemployment claims remain high, steady - VT Business Magazine

How bad has the pandemic and related emergency measures hurt the Vermont economy? The “hockey stick” graph tells the story. Last year at this time 1100 people filed for unemployment. In March the line on the chart jumped straight up. Now the figure is over 1800, and rising.

“Weekly unemployment claims last week were virtually unchanged and continue to hold at a high level. This is happening in Vermont and nationally. This is generally explained by more people getting back into the system as the new federal economic relief plan has both extended the unemployment insurance benefits and increased the payout. However, economists also suggest the new year is off to a sluggish start.”



Read the Full Story at:


(click logo to be directed to the story)

 

Comment Below... And find more stories on Water Cooler


Showing 1 reaction

Please check your e-mail for a link to activate your account.
  • David Flemming
    published this page in The News 2021-01-25 16:01:49 -0500