Vermont Weekly Net Income - Workers' Compensation

By Timothy McQuiston, Vermont Business Magazine The Vermont unemployment rate increased one-tenth in December 2020 to 3.1 percent, as released today by the Vermont Department of Labor.

Unemployment compensation benefits are paid for the seven-day period, which begins on Sunday and ends on Saturday. The earliest you can file a Weekly Continued Claim for benefits is a.m. on the Sunday following the week for which you are filing a claim.

The weekly benefit amount is calculated by dividing the sum of the wages earned during the highest quarter of the base period by 26, rounded down to the next lower whole dollar. The result cannot exceed the utmost weekly benefit permitted by rule.

Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering January 2021. According to household data, the seasonally-adjusted statewide unemployment rate for January was 3.2 percent.

If an unemployed worker is monetarily eligible for benefits, the weekly benefit amount is computed by dividing the total wages paid in the two highest quarters in the worker's base period by 45. The amount of weekly benefits is capped each year, for the period beginning July 1st through June 30th of the following year.

The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression. 1feff Unemployment remained above 14% from 1931 to 1940. It remained in the single digits until September 1982 when it reached 10.1%. 2feff During the Great Recession, unemployment reached 10% in October 2009.

If you become unemployed and have worked in Vermont anytime in the past 18 months, you may be eligible to receive unemployment insurance. Once you become totally or partially unemployed, the time to establish a new claim is during the first week you work less than 35 hours.

Under the new rules, claimants can work up to 7 days per week without losing full unemployment benefits for that week, if they work 30 hours or fewer and earn $504 or less in gross pay excluding earnings from self-employment.