Initial Claims in North Carolina
NCICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,419.00
Year-over-Year Change
-6.15%
Date Range
6/10/2006 - 8/2/2025
Summary
The Initial Claims in North Carolina indicator tracks the number of new unemployment insurance claims filed in the state on a weekly basis. This metric is closely monitored by economists and policymakers as an early signal of changes in the labor market.
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 underlying health of the North Carolina economy. The number of new claims tends to rise during economic downturns as more workers become unemployed, and fall during periods of growth as fewer people lose their jobs.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
Initial claims figures are used by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Initial claims in North Carolina reached a record high in April 2020 due to the COVID-19 pandemic.
- The state's initial claims numbers typically exhibit seasonal patterns, with higher levels in the winter months.
- North Carolina's initial claims data is released weekly as part of the U.S. Department of Labor's unemployment insurance claims report.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in North Carolina indicator tracks the number of new unemployment insurance claims filed in the state on a weekly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists and policymakers as an early signal of changes in the labor market, providing insight into the underlying health of the North Carolina economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state workforce agencies.
Q: How is this trend used in economic policy?
A: Initial claims figures are used by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The initial claims data is released weekly as part of the U.S. Department of Labor's unemployment insurance claims report.
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Citation
U.S. Federal Reserve, Initial Claims in North Carolina (NCICLAIMS), retrieved from FRED.