Pandemic Unemployment Assistance Continued Claims in District of Columbia
PUACCDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
-75.72%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Unemployment Assistance Continued Claims in District of Columbia measures the number of individuals in the District of Columbia who are receiving continued unemployment benefits related to the COVID-19 pandemic. This data provides insights into the economic impacts of the pandemic on the local 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 Unemployment Assistance (PUA) program was a federal initiative that provided unemployment benefits to individuals who were not eligible for traditional state unemployment insurance, such as self-employed workers and gig economy workers. The continued claims data reflects the ongoing need for this pandemic-related assistance in the District of Columbia.
Methodology
The data is collected and reported by the U.S. Department of Labor.
Historical Context
Policymakers and economists use this trend to gauge the economic recovery and identify areas that may require additional support or interventions.
Key Facts
- The PUA program provided benefits to over 3 million workers in the U.S.
- Continued claims peaked at over 1 million in the District of Columbia in 2020.
- PUA benefits were extended multiple times during the pandemic.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance Continued Claims in District of Columbia measures the number of individuals in the District of Columbia who are receiving ongoing unemployment benefits related to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic impacts of the pandemic on the local labor market in the District of Columbia, which is crucial for policymakers and economists to gauge the recovery and identify areas that may need additional support.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the ongoing economic impacts of the pandemic and inform decisions about the need for further interventions or support programs.
Q: Are there update delays or limitations?
A: The data is subject to typical government data publication schedules and may have some reporting delays.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Continued Claims in District of Columbia (PUACCDC), retrieved from FRED.