Pandemic Unemployment Assistance Continued Claims in Wisconsin
PUACCWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.00
Year-over-Year Change
-64.71%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Unemployment Assistance Continued Claims in Wisconsin measures the number of people in Wisconsin who have continued to receive unemployment benefits under the federal Pandemic Unemployment Assistance program. This data is crucial for assessing the ongoing economic impact of the COVID-19 pandemic 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 provided unemployment benefits to individuals who were not eligible for regular state unemployment insurance, such as self-employed and gig workers. The continued claims data reflects the number of people still relying on this emergency federal assistance in Wisconsin over time.
Methodology
The data is collected through state unemployment insurance claims processing and reported to the U.S. Department of Labor.
Historical Context
Policymakers use this data to gauge the continuing economic strain on Wisconsin workers and to inform decisions about extension or modification of pandemic-related assistance programs.
Key Facts
- PUA provided benefits to self-employed, gig, and other workers not covered by regular unemployment insurance.
- Wisconsin's PUA continued claims peaked in May 2020 at over 280,000.
- Continued claims declined through 2021 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance Continued Claims in Wisconsin measures the number of people in the state who have continued to receive unemployment benefits under the federal PUA program.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for assessing the ongoing economic impact of the COVID-19 pandemic in Wisconsin and informing policy decisions about pandemic-related assistance programs.
Q: How is this data collected or calculated?
A: The data is collected through state unemployment insurance claims processing and reported to the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: Policymakers use this data to gauge the continuing economic strain on Wisconsin workers and to inform decisions about extension or modification of pandemic-related assistance programs.
Q: Are there update delays or limitations?
A: The data is reported regularly by the U.S. Department of Labor, but may have some lag in reflecting the most current unemployment claims situation.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Continued Claims in Wisconsin (PUACCWI), retrieved from FRED.