Pandemic Emergency Unemployment Compensation Continued Claims in Puerto Rico
This dataset tracks pandemic emergency unemployment compensation continued claims in puerto rico over time.
Latest Value
52.00
Year-over-Year Change
-35.00%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Emergency Unemployment Compensation Continued Claims in Puerto Rico measures the number of individuals in Puerto Rico receiving extended unemployment benefits due to the COVID-19 pandemic. This metric is crucial for policymakers assessing the economic impact and recovery.
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 provides additional weeks of unemployment benefits to individuals who have exhausted their regular state unemployment insurance. The PEUCCCPR series tracks the continued claims, or the number of people actively receiving these extended benefits, in Puerto Rico.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
This trend helps inform policy decisions and economic analysis related to the labor market and social safety net in Puerto Rico.
Key Facts
- PEUC provides up to 53 weeks of additional unemployment benefits.
- Puerto Rico experienced a sharp rise in PEUC claims during the COVID-19 pandemic.
- Monitoring PEUC trends is crucial for understanding labor market recovery in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: The PEUCCCPR series tracks the number of individuals in Puerto Rico receiving extended unemployment benefits under the Pandemic Emergency Unemployment Compensation program.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the ongoing economic impacts of the COVID-19 pandemic and the effectiveness of policy responses in Puerto Rico.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through reports from Puerto Rico's state workforce agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze PEUC trends to inform decisions about labor market interventions, social safety net programs, and economic recovery efforts in Puerto Rico.
Q: Are there update delays or limitations?
A: The PEUCCCPR data is published with a short lag, typically a few weeks after the end of each reporting period.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Puerto Rico (PEUCCCPR), retrieved from FRED.