Pandemic Unemployment Assistance Continued Claims in Virginia
PUACCVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Unemployment Assistance (PUA) Continued Claims in Virginia metric tracks the number of people in Virginia receiving PUA benefits, which provide support to self-employed and gig workers during the COVID-19 pandemic.
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
PUA Continued Claims in Virginia represents the number of workers in the state who are receiving unemployment benefits under the federal PUA program, which was created to provide assistance to individuals not traditionally eligible for regular unemployment insurance.
Methodology
The data is collected and reported by the U.S. Department of Labor.
Historical Context
This metric is used by policymakers and economists to gauge the ongoing economic impacts of the pandemic on Virginia's labor market.
Key Facts
- PUA provides benefits to self-employed, gig, and other workers not eligible for regular unemployment insurance.
- Virginia's PUA continued claims peaked in May 2020 at over 250,000.
- PUA claims in Virginia have declined since the initial pandemic peak but remain elevated.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance (PUA) Continued Claims in Virginia metric tracks the number of people in the state receiving unemployment benefits under the federal PUA program.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the ongoing economic impacts of the COVID-19 pandemic on Virginia's labor market, particularly for self-employed and gig workers who do not qualify for regular unemployment insurance.
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 metric to gauge the state of Virginia's labor market and inform decisions around pandemic response and recovery efforts.
Q: Are there update delays or limitations?
A: The PUA continued claims data is published regularly by the Department of Labor, but may be subject to revisions and can lag current economic conditions.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Continued Claims in Virginia (PUACCVA), retrieved from FRED.