Pandemic Unemployment Assistance Continued Claims in Illinois
PUACCIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
N/A%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Unemployment Assistance Continued Claims in Illinois tracks the number of Illinoisans receiving extended unemployment benefits due to the COVID-19 pandemic. This metric is a key indicator of the economic impact and recovery in the state.
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 provides unemployment benefits to self-employed, independent contractors, and other workers not usually eligible for regular state unemployment insurance. The continued claims data reflects how many Illinoisans are relying on this federal assistance program over time.
Methodology
The data is collected and reported by the U.S. Department of Labor.
Historical Context
PUA claims are monitored by policymakers and economists to gauge the ongoing effects of the pandemic on Illinois' labor market and broader economy.
Key Facts
- PUA provides benefits to self-employed and gig workers.
- Illinois PUA claims peaked at over 732,000 in May 2020.
- PUA claims remain elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance Continued Claims in Illinois (PUACCIL) tracks the number of people in Illinois receiving extended unemployment benefits through the federal PUA program due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: PUA claims are a key indicator of the ongoing economic impact of the pandemic in Illinois, providing insights into the labor market and recovery efforts.
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 monitor PUA claims to gauge the effects of the pandemic on Illinois' labor market and broader economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis, with some potential for lags in reporting.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Continued Claims in Illinois (PUACCIL), retrieved from FRED.