Pandemic Emergency Unemployment Compensation Continued Claims in Minnesota
PEUCCCMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Emergency Unemployment Compensation Continued Claims in Minnesota tracks the number of unemployment claims filed by individuals who have exhausted their regular state unemployment benefits and are receiving extended federal benefits during the COVID-19 pandemic.
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 data series provides insights into the ongoing labor market impacts of the pandemic in Minnesota, helping policymakers and economists assess the effectiveness of unemployment programs and the strength of the state's economic recovery.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
Tracking this metric can inform decisions around extending or modifying pandemic-related unemployment programs.
Key Facts
- Claims peaked at over 200,000 in May 2020.
- Claims declined to under 50,000 by September 2021.
- Continued claims reflect longer-term unemployment during the crisis.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of unemployment claims in Minnesota from individuals who have exhausted their regular state benefits and are receiving extended federal Pandemic Emergency Unemployment Compensation.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this metric provides insights into the ongoing labor market impacts of the COVID-19 pandemic in Minnesota, which can inform policy decisions around unemployment programs and the state's economic recovery.
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 this unemployment compensation metric can help policymakers assess the effectiveness of pandemic-related unemployment programs and make informed decisions about extending or modifying these benefits.
Q: Are there update delays or limitations?
A: The data is subject to typical state reporting and processing lags, but is generally released on a weekly basis.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Minnesota (PEUCCCMN), retrieved from FRED.