State Unemployment Benefits in Pennsylvania
PAOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,613,034.00
Year-over-Year Change
34.87%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'State Unemployment Benefits in Pennsylvania' series tracks the total number of unemployment insurance claims filed in Pennsylvania. This metric is a key indicator of the economic health and labor market conditions in the state.
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
The 'State Unemployment Benefits in Pennsylvania' series measures the total number of unemployment insurance claims filed by Pennsylvania workers who have lost their jobs. This data provides insight into the strength of the state's labor market and can help policymakers and economists assess the impact of economic conditions on workers.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
Tracking Pennsylvania's unemployment claims is important for evaluating the state's economic performance and informing policy decisions.
Key Facts
- Pennsylvania is the 6th most populous U.S. state.
- The state's unemployment rate was 4.8% as of the latest data.
- Unemployment insurance claims provide a timely indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'State Unemployment Benefits in Pennsylvania' series tracks the total number of unemployment insurance claims filed by Pennsylvania workers who have lost their jobs.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of Pennsylvania's labor market and can help policymakers and economists assess the impact of economic conditions on the state's workers.
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: Tracking Pennsylvania's unemployment claims is important for evaluating the state's economic performance and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule and is subject to revisions, so users should check for the most up-to-date information.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in Pennsylvania (PAOBEN), retrieved from FRED.