Pandemic Unemployment Assistance Continued Claims in Pennsylvania
PUACCPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
718.00
Year-over-Year Change
-56.90%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Unemployment Assistance Continued Claims in Pennsylvania metric tracks the number of Pennsylvania residents receiving extended unemployment benefits due to the COVID-19 pandemic. It provides insights into the state's economic recovery and demand for government support.
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
This metric represents the number of Pennsylvanians who have continued to receive Pandemic Unemployment Assistance (PUA) benefits, which were introduced in 2020 to provide aid to self-employed, gig, and other workers not eligible for traditional unemployment insurance. It serves as a key indicator of the ongoing labor market impacts of the pandemic in the state.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
Policymakers and economists monitor this trend to assess the effectiveness of pandemic relief programs and the pace of economic recovery in Pennsylvania.
Key Facts
- PUA provides benefits to self-employed, gig, and other workers not eligible for regular unemployment insurance.
- Pennsylvania's PUA continued claims peaked at over 1 million in May 2020 during the initial pandemic lockdowns.
- As of early 2023, PUA continued claims in Pennsylvania remained elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance Continued Claims in Pennsylvania metric tracks the number of Pennsylvania residents receiving extended unemployment benefits due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the ongoing labor market impacts of the pandemic and the demand for government support in Pennsylvania, which is useful for policymakers and economists assessing the state's economic recovery.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state workforce agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the effectiveness of pandemic relief programs and the pace of economic recovery in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be delays in reflecting the latest labor market conditions in Pennsylvania.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Continued Claims in Pennsylvania (PUACCPA), retrieved from FRED.