Pandemic Emergency Unemployment Compensation Continued Claims in Massachusetts
PEUCCCMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.00
Year-over-Year Change
-5.77%
Date Range
3/28/2020 - 10/22/2022
Summary
This trend measures the number of people in Massachusetts continuing to receive Pandemic Emergency Unemployment Compensation (PEUC) benefits, providing insight into the state's economic recovery from the COVID-19 crisis.
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 Pandemic Emergency Unemployment Compensation (PEUC) program provided extended unemployment benefits to individuals who had exhausted their regular state unemployment insurance. Tracking PEUC continued claims in Massachusetts helps analysts and policymakers understand the pace of the state's labor market recovery.
Methodology
The data is collected through the U.S. Department of Labor's weekly state unemployment insurance claims reports.
Historical Context
PEUC continued claims data is used by economists, government agencies, and market analysts to assess the ongoing economic impacts of the pandemic in Massachusetts.
Key Facts
- PEUC provided additional weeks of benefits to those who exhausted regular state unemployment.
- Claims peaked at over 600,000 in Massachusetts in May 2020 during the initial COVID-19 outbreak.
- PEUC claims have declined significantly as the economy has recovered, but remain elevated.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people in Massachusetts continuing to receive Pandemic Emergency Unemployment Compensation (PEUC) benefits, which provided extended unemployment assistance during the COVID-19 crisis.
Q: Why is this trend relevant for users or analysts?
A: Tracking PEUC continued claims in Massachusetts helps economists and policymakers understand the pace of the state's labor market recovery from the pandemic-induced economic downturn.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Department of Labor's weekly state unemployment insurance claims reports.
Q: How is this trend used in economic policy?
A: PEUC continued claims data is used by government agencies, economists, and market analysts to assess the ongoing economic impacts of the COVID-19 pandemic in Massachusetts and inform policy decisions.
Q: Are there update delays or limitations?
A: The PEUC continued claims data is published weekly by the U.S. Department of Labor, with typical lags of 1-2 weeks.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Massachusetts (PEUCCCMA), retrieved from FRED.