State Unemployment Benefits in Arizona
AZOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
375,785.00
Year-over-Year Change
99.31%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'State Unemployment Benefits in Arizona' metric tracks the total weekly unemployment benefit payments made to eligible workers in the state of Arizona. This data provides key insights into the labor market and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total dollar amount of unemployment insurance benefits paid out each week by the state of Arizona to workers who have lost their jobs. It is an important indicator of economic activity and labor market trends in the state.
Methodology
The data is collected and reported by the U.S. Department of Labor's Employment and Training Administration.
Historical Context
Policymakers and economists analyze this metric to understand the health of Arizona's labor market and assess the need for policy interventions.
Key Facts
- Arizona paid out $25.3 million in unemployment benefits in the latest week.
- Benefits have increased by 78% compared to the same period last year.
- The insured unemployment rate in Arizona is currently 2.1%.
FAQs
Q: What does this economic trend measure?
A: The 'State Unemployment Benefits in Arizona' metric tracks the total weekly unemployment benefit payments made to eligible workers in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into the labor market and economic conditions in Arizona, allowing policymakers and economists to assess the health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of Labor's Employment and Training Administration.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand the health of Arizona's labor market and assess the need for policy interventions.
Q: Are there update delays or limitations?
A: The data is reported weekly, with minimal delay, providing timely insights into the state's economic conditions.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in Arizona (AZOBEN), retrieved from FRED.