Initial Claims in Maine
MEICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
412.00
Year-over-Year Change
-23.13%
Date Range
6/17/2006 - 8/9/2025
Summary
The Initial Claims in Maine metric tracks the number of people in Maine who file for unemployment benefits for the first time. It serves as an important real-time indicator of the state's economic health and labor market 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
Initial claims data provides insight into the pace of layoffs and job losses, which can signal changes in the strength of the Maine economy. Economists and policymakers closely monitor this statistic to assess the impact of economic shocks and the efficacy of policies designed to support the labor market.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
Initial claims are used by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions.
Key Facts
- Maine initial claims reached a record high in April 2020 during the COVID-19 pandemic.
- Initial claims data is released weekly by the U.S. Department of Labor.
- The four-week moving average of initial claims is a closely watched metric.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in Maine metric tracks the number of people in the state who file for unemployment benefits for the first time in a given week.
Q: Why is this trend relevant for users or analysts?
A: Initial claims data provides timely insight into the pace of layoffs and job losses, which can signal changes in the strength of the Maine economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through state workforce agencies.
Q: How is this trend used in economic policy?
A: Initial claims are used by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions aimed at supporting the labor market.
Q: Are there update delays or limitations?
A: The initial claims data is released weekly by the U.S. Department of Labor, with a short time lag.
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Citation
U.S. Federal Reserve, Initial Claims in Maine (MEICLAIMS), retrieved from FRED.