Pandemic Emergency Unemployment Compensation Continued Claims in Ohio
PEUCCCOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.00
Year-over-Year Change
10.14%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Emergency Unemployment Compensation Continued Claims in Ohio measures the number of people in Ohio receiving extended unemployment benefits due to the COVID-19 pandemic. This metric is important for tracking the state's economic recovery and informing policymakers' response.
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 series tracks the number of individuals in Ohio who have exhausted their regular unemployment benefits and are now receiving extended Pandemic Emergency Unemployment Compensation (PEUC) payments. It provides insight into the ongoing employment challenges faced by Ohioans during the pandemic.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
Policymakers use this data to assess the need for continued economic support and interventions in Ohio.
Key Facts
- Ohio's PEUC claims peaked in May 2020 at over 700,000.
- PEUC claims in Ohio have declined since the initial pandemic spike.
- Continued PEUC claims indicate lingering employment challenges in Ohio.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people in Ohio receiving extended Pandemic Emergency Unemployment Compensation (PEUC) benefits after exhausting their regular unemployment benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the ongoing employment challenges faced by Ohioans during the COVID-19 pandemic, which is crucial for policymakers to assess the need for continued economic support.
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: Policymakers use this data to assess the need for continued economic support and interventions in Ohio as the state works to recover from the pandemic's economic impacts.
Q: Are there update delays or limitations?
A: The data is subject to typical government reporting lags, but provides a timely indicator of Ohio's economic conditions during the pandemic.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Ohio (PEUCCCOH), retrieved from FRED.