Vermont’s unemployment rate drops to 6.5 percent

first_imgChange to        Mar. 2010 from   Total Labor Force362,300361,400361,3009001,000  Employment338,600337,400336,0001,2002,600  Unemployment23,70023,90025,400-200-1,700  Rate6.5%6.6%7.0%-0.1-0.5 Vermont Labor Force StatisticsSeasonally Adjusted Mar.  2010 Feb.  2010 Mar.  2009 Feb. 2010Mar. 2009 (Vermont Business Magazine) The Vermont Department of Labor announced today that the seasonally adjusted unemployment rate for March 2010 was 6.5 percent, down one tenth from the revised February rate and down five tenths from a year ago. The unemployment rate continues to decline and the trends are pointing to overall employment growth. said Patricia Moulton Powden, Commissioner of the Vermont Department of Labor. As is often the case during periods of recovery, there is volatility in the month to month numbers. We are seeing that this month in the two major labor market surveys we use to measure unemployment and job growth.  This all points to the need to look at trends over several months  versus a single month.Seasonal Job GrowthMarch is a variable month for job movements. Weather can impact Leisure and Hospitality.  School vacations can occur at different times relative to our survey time-frame. For most of the decade we have seen small seasonal declines typically in the -200 to -500 range.  Last March, in the depth of the recession, we shed over 3,600 jobs.  This year we saw a decline of -2,650 or -0.9% from February to March a larger than expected decline given recent trends.   The annual rate of unadjusted job growth is also now at -0.9% – considerably better than earlier in the year. The major contributor to seasonal job losses was Leisure & Hospitality, (-1,500 jobs or -4.0%). Retail Trade also shed jobs, (-600 or -1.7%).  Educational & Health Services dropped more than expected, (-450 or -0.7%).  On the plus side, Government sector jobs climbed by 300 or 0.5%, mostly as a result of temporary Census workers.When seasonally adjusted, March payroll jobs declined by 1,900 jobs or -0.6% over February. The declines were widespread with losses in Retail Trade, (-600 or -1.6%) Education & Health Services, (-600 or 1.0%) Leisure & Hospitality, (-600 or -1.7%).  Only the Government sector showed significant gains, (300 or 0.6%) again due to an influx of temporary Census workers.Employment GrowthVermont s March seasonally adjusted unemployment rate fell by one tenth of a point to 6.5% as a result of an increase of an estimated 1,200 employed and an essentially unchanged level of unemployed.  For comparison purposes, the US seasonally adjusted unemployment rate for March was 9.7 percent, unchanged from February. March unemployment rates for Vermont s 17 labor market areas ranged from 5.2 percent in Hartford to 11.3 percent in Newport.  Local labor market area unemployment rates are not seasonally adjusted. For comparison, the March unadjusted unemployment rate for Vermont was 7.2 percent, up one-tenth of a point from February down seven tenths of a point from a year ago.  The observed levels of employment, unemployment and the unemployment rate were not statistically different from the February values.Annual Benchmark RevisionEach year in January we perform a benchmark revision of the CES (Current Employment Statistics) job counts and the LAUS (Local Areal Unemployment Statistics) employment and unemployment estimates.  In the case of CES, we replace survey data with actual job counts from our Quarterly Census of Employment and Wages (QCEW) through the third quarter of 2009 and then we reestimate fourth quarter 2009 jobs using this new information.  Since CES job counts are part of the LAUS unemployment model, we also revise the household unemployment series for the year. This year our CES and LAUS revisions were much larger than normal, partly because of the rapidly changing economy and partly due to methodology changes imposed by the Bureau of Labor Statistics that had the impact of overestimating job loss in the fourth quarter of 2008 and the first quarter of 2009.   This, in turn, had the impact of overestimating our unemployment rate for the first two quarters of 2009.As we move forward we can expect small sample states like Vermont to exhibit a higher degree of variability in month to month job estimates in the CES program.  As a result of this change in methodology, caution should be used in interpreting a single month s results.  CES payroll job numbers are now best understood in the context of their movement over several months as opposed to observed changes in a single month estimate.Starting in January 2010 the LAUS program unemployment estimates have included a new statistical smoothing component that should reduce unexplainable short term large increases and decreases in the state s unemployment rate. Source: State of Vermont. 4.16.2010last_img read more

Premier League secures new China broadcast deal

first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ Ings not interested in leaving Saints, Southampton manager says Live stream Premier League, La Liga, Serie A on Showmax Pro this weekend England’s Premier League said on Thursday its shareholders had unanimously agreed to a broadcast deal in China for the 2020/2021 season with digital media platform Tencent.Financial terms were not disclosed for the deal, which replaces a $700 million contract with Chinese retail group Suning’s PPLive Sports International, which was terminated earlier this month. The league confirmed that viewers in China would be able to watch all 372 remaining league matches on Tencent’s streaming and news platforms.“We are excited to have agreed this partnership with Tencent, ensuring our supporters in China can enjoy following Premier League action throughout this season,” Premier League chief executive Richard Masters said.“We and our clubs have an extremely passionate fanbase in China and are looking forward to working with the team at Tencent to engage with fans in new ways over the coming season.”Tencent will broadcast half of all the matches available for free in China, with the remaining fixtures available via a membership service.“In collaboration with the Premier League, Tencent Sports hopes to leverage its platforms and technology to bring the drama of Premier League matches to fans and share with them the passion and excitement of football,” Tencent Sports general manager Ewell Zhao said. The league’s previous deal with PPLive was struck during the peak of Chinese interest in international football and was due to expire in 2022.The partnership ended abruptly after the Daily Mail newspaper reported that the Chinese broadcasters had withheld payments due to the league in March.The new agreement with Tencent will help Premier League clubs offset some of the financial losses caused by the COVID-19 outbreak.The pandemic had forced matches to be suspended for several months, before the 2019/2020 season resumed in June without spectators.The league said it would continue to explore opportunities for free-to-air broadcast coverage in China for the current season. Reuters/NAN.Tags: PPLive Sports InternationalPremier LeagueRichard MastersTencentlast_img read more

Chelsea confirm Champions League participation

first_imgBerekum Chelsea have confirmed participation in the next Confederation of African Football (CAF) Champions League following Ghana’s additional slot for the competition.Nana Oduro Sarfo, General Manager of Berekum Chelsea, told GNA Sports, the club found the news to participate in the tournament they started as debutants last year, welcoming and desperate to grab with both hands.“We have agreed to grab the opportunity and hoping to represent Ghana with the aim of achieving better results at a second attempt.”Chelsea’s impressive debut outing last year was the catalyst for the re-entry into the top ranked teams.The Berekum side narrowly missed out on a place at the semis at the first attempt at the highest level of African club football despite being in a tough group alongside former winners’ Al-Ahly and Zamalek (both of Egypt) and TP Mazembe (DR Congo).Sarfo said “playing in Africa means a lot to the club and the players alike. Apart from the opportunity of winning laurels, the players understand that it was through such moments that the likes of Emmanuel Clottey and Solomon Asante secured contracts outside Ghana”. He said the club had set their sight on going a step further in the competition at a second attempt. Berekum Chelsea came second in the just-ended Premiership behind Kotoko.Last Monday, Ghana regained her four slots for the continental club championships effective next year.The decision came after the Ghana Football Association (GFA) recaptured its place amongst the 12-best nations according to the rankings of the continental soccer governing body, CAF.This will be the first time since 2006 that Ghana will be parading two teams in both competitionslast_img read more

No greater gator than Reggie

first_imgAs the reptile relaxes in quarantine, Recchio and the other keepers will determine whether they can accommodate him. “With Reggie’s fame, I’d bet they’ll try to keep him,” said Jay Young, a wrestler and proprietor of Colorado Gators, an alligator rescue facility in Mosca, Colo., who briefly engaged in an earlier hunt. “They’d be silly not to – he’s the most famous alligator in the world, so they’ll probably try to find a way to set him up there. But if not, hey, we’d be happy to take him.” With Ruby the Elephant recently retired to a sanctuary in Northern California, the zoo could use another marquee name to attract interest. The only trouble is, that interest doesn’t necessarily mean more people come and buy tickets. At the San Diego Zoo, letters still come trickling in for Hua Mei, the rock star panda baby born in 1999 – and she moved to China in 2004. The black-and-white fuzzball won San Diego Person of the Year in a contest several years ago, but Public Relations Manager Christina Simmons said attendance didn’t increase as expected. “When they have a name, a history, a story, if they’ve been characterized with people attributes, it raises them to celebrity status,” she said. “Animals like that really have a following, but that doesn’t mean (the fans) come to the zoo.” While Reggie’s future remains murky, his turn in the spotlight has won him at least one high-profile supporter. Legendary television host Bob Barker, a noted animal lover who’s retiring from “The Price Is Right” next month, praised Reggie and declared him to be “quite a guy.” “I think the world of him,” Barker said. “Too bad we couldn’t have had him on the show, but I suppose he might have wanted to take a bite out of one of Barker’s Beauties.” (818) 713-3738160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Senior animal keeper Ian Recchio of the zoo’s reptile department recalled the dramatic Thursday scene where he and a crew of park workers pounced upon the struggling, hissing crocodilian. “I was thinking, `This is Reggie. We’ve got to get him. We can’t let this opportunity pass us by,”‘ Recchio recounted. “It’s like shooting a free throw to win the championship.” Recchio sank that proverbial free throw, a team transported the subdued submariner to the zoo and Reggie made the evening news and the headlines. On Friday, there was no greater gator. “Reg-gie, Reg-gie, Reg-gie!” chanted Michael Levine, an author and expert on all things Hollywood. “We’re living in wacky times, so that helps create diversions like this. … Reggie the Alligator, Paris Hilton’s Chihuahua, things like that create a wonderful antidote to a national panic disorder.” Famous and popular as he is, Reggie faces a problem with his new digs – eight roommates who aren’t up for another lodger in their home. Recchio determined that the zoo’s present complement of alligators – six Americans and two of the Chinese variety – would be unsuitable to bunk with the new kid. GRIFFITH PARK – Forget Paris. Lindsay Who? The hottest smile in town belongs to an elusive celebrity who loves the water and has a taste for chicken. A day after he was nabbed Thursday while sunbathing near Machado Lake, Reggie the Alligator found himself the talk of the town. The reptile recluse, 6-feet-6-inches, 140 pounds and blessed with an immense array of gleaming pearly whites, captivated the nation with his two years of exploits cruising the Harbor City lake. After he was carted in, shackled with duct tape and blindfolded, the scaly celeb was romping behind closed doors Friday at the Los Angeles Zoo’s quarantine area. He’ll live the lush life there, dining on chicken and fish between dips in the pool, for at least another 30 days as keepers figure out what to do with their prized catch. last_img