Pandemic Unemployment Assistance Initial Claims in Arizona
PUAICAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
4/4/2020 - 11/5/2022
Summary
The Pandemic Unemployment Assistance (PUA) Initial Claims in Arizona measures the number of first-time applications for PUA benefits in the state. This metric is important for economists and policymakers to gauge the ongoing impacts of the COVID-19 pandemic on Arizona's 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
PUA is a federal program that provides unemployment benefits to workers who are not eligible for traditional state unemployment insurance, such as self-employed individuals and gig workers. The PUA Initial Claims data offers insights into the economic challenges facing non-traditional workers in Arizona.
Methodology
The data is collected by the U.S. Department of Labor based on initial claims filed with the Arizona Department of Economic Security.
Historical Context
PUA claims data is used by policymakers and analysts to assess the effectiveness of pandemic relief efforts and guide future economic policies.
Key Facts
- PUA provides benefits to self-employed, gig, and other workers not eligible for regular unemployment insurance.
- Arizona saw a peak in PUA initial claims in April 2020 during the height of pandemic lockdowns.
- PUA claims in Arizona have declined from their peak but remain elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance (PUA) Initial Claims in Arizona measures the number of first-time applications for PUA benefits in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the economic challenges facing non-traditional workers in Arizona during the COVID-19 pandemic and is used by policymakers to assess the effectiveness of relief efforts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor based on initial claims filed with the Arizona Department of Economic Security.
Q: How is this trend used in economic policy?
A: PUA claims data is used by policymakers and analysts to assess the effectiveness of pandemic relief efforts and guide future economic policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Department of Labor, but there may be delays in reporting due to the administrative process of processing claims.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in Arizona (PUAICAZ), retrieved from FRED.