State Unemployment Benefits in Massachusetts
MAOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,119,566.00
Year-over-Year Change
104.86%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'State Unemployment Benefits in Massachusetts' trend measures the number of unemployment insurance claims filed in Massachusetts. This data is critical for assessing the state's economic conditions and labor market trends.
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 insurance claims filed by workers in the state of Massachusetts. It serves as an important indicator of the health of the state's labor market and overall economic activity.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through state workforce agencies.
Historical Context
Policymakers and economists closely monitor this trend to gauge the impacts of economic shocks and policy changes on Massachusetts workers and businesses.
Key Facts
- Massachusetts is the most populous state in New England.
- The unemployment rate in Massachusetts has historically been lower than the national average.
- The COVID-19 pandemic led to a sharp increase in unemployment claims in Massachusetts in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'State Unemployment Benefits in Massachusetts' trend measures the number of unemployment insurance claims filed by workers in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides critical insights into the health of Massachusetts' labor market and overall economic conditions, which is important for policymakers, businesses, and workers in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through state workforce agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the impacts of economic shocks and policy changes on Massachusetts workers and businesses.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in reporting from state workforce agencies.
Related Trends
All Employees: Other Services in Massachusetts
MASRVO
Value of Exports to Canada from Massachusetts
MACANA052SCEN
All Employees: Computer Systems Design and Related Services in Massachusetts
SMU25000006054150001A
All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Massachusetts
SMU25000006054130001SA
Wholesale Trade Wages and Salaries in Massachusetts
MAWWHO
Chain-Type Quantity Index for Real GDP: Legal Services (5411) in Massachusetts
MALEGALQGSP
Citation
U.S. Federal Reserve, State Unemployment Benefits in Massachusetts (MAOBEN), retrieved from FRED.