Pandemic Emergency Unemployment Compensation Continued Claims in the U.S. Virgin Islands
This dataset tracks pandemic emergency unemployment compensation continued claims in the u.s. virgin islands over time.
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 the U.S. Virgin Islands tracks the number of workers in the U.S. Virgin Islands receiving extended unemployment benefits during the COVID-19 pandemic. This metric is crucial for policymakers to understand the ongoing economic impact of the 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 provides additional weeks of unemployment benefits to workers who have exhausted their regular state unemployment compensation. This data series specifically measures the continued claims, or number of workers actively receiving these extended benefits, in the U.S. Virgin Islands.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
This metric helps inform economic and labor market policies at the federal and territorial level.
Key Facts
- PEUC provides up to 24 additional weeks of benefits.
- Continued claims peaked at over 8,000 in the U.S. Virgin Islands.
- The program aims to support workers affected by the COVID-19 crisis.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Emergency Unemployment Compensation Continued Claims in the U.S. Virgin Islands tracks the number of workers in the territory receiving extended unemployment benefits due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to understand the ongoing economic impact of the COVID-19 crisis and the effectiveness of relief programs like PEUC.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through reporting from state workforce agencies in the U.S. Virgin Islands.
Q: How is this trend used in economic policy?
A: Policymakers at the federal and territorial level use this data to inform labor market and economic recovery policies in response to the pandemic.
Q: Are there update delays or limitations?
A: There may be lags in data reporting from state agencies, but the Federal Reserve publishes the most up-to-date PEUC claims information available for the U.S. Virgin Islands.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in the U.S. Virgin Islands (PEUCCCVI), retrieved from FRED.