State Unemployment Benefits in the District of Columbia
DCOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,781.00
Year-over-Year Change
15.17%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'State Unemployment Benefits in the District of Columbia' trend measures the number of unemployment insurance claims filed in Washington, D.C. It is a key indicator of economic and labor market conditions in the region.
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 tracks the total number of unemployment claims processed by the District of Columbia's Department of Employment Services. It provides insight into the strength of the local job market and the financial well-being of D.C. workers.
Methodology
The data is collected through the processing of unemployment insurance claims filed by District of Columbia residents.
Historical Context
Policymakers and economists monitor this trend to assess the economic health of the nation's capital and guide decisions on employment and social programs.
Key Facts
- Washington, D.C. has a population of over 705,000 residents.
- The District of Columbia has one of the highest per capita incomes in the United States.
- Unemployment rates in D.C. are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unemployment insurance claims filed by residents of Washington, D.C. It provides insight into the local job market and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the financial well-being of D.C. workers and the overall strength of the regional economy. It informs policymakers and economists about employment trends in the nation's capital.
Q: How is this data collected or calculated?
A: The data is collected through the processing of unemployment insurance claims filed by District of Columbia residents with the local Department of Employment Services.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the economic health of Washington, D.C. and guide decisions on employment programs, social services, and other policies affecting the local labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks. There may be seasonal variations and other limitations inherent to unemployment claims data.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in the District of Columbia (DCOBEN), retrieved from FRED.