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.”
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