Pandemic Emergency Unemployment Compensation Continued Claims in Wisconsin
PEUCCCWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
-5.00%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Emergency Unemployment Compensation Continued Claims in Wisconsin measure the number of workers in Wisconsin receiving extended unemployment benefits due to the COVID-19 pandemic. This metric provides insight into the economic recovery and impact of the crisis on the state's labor market.
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 compensation. The PEUC Continued Claims data for Wisconsin tracks the ongoing utilization of this program, indicating the continued need for income support among unemployed workers in the state.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
Policymakers and economists closely monitor PEUC claims to assess the progress of economic recovery and determine the appropriate level of emergency aid.
Key Facts
- PEUC provides up to 24 additional weeks of benefits after regular state unemployment compensation is exhausted.
- Wisconsin's PEUC continued claims peaked at over 178,000 in May 2020 during the initial COVID-19 outbreak.
- As of January 2023, Wisconsin's PEUC continued claims had declined to around 8,000.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Emergency Unemployment Compensation Continued Claims in Wisconsin measure the number of workers in the state receiving extended unemployment benefits due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the ongoing economic impact of the COVID-19 crisis and the progress of recovery in Wisconsin's labor market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through state workforce agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor PEUC claims to assess the need for continued emergency unemployment assistance and guide decisions on economic recovery measures.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Wisconsin (PEUCCCWI), retrieved from FRED.