Pandemic Unemployment Assistance Initial Claims in District of Columbia
PUAICDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-41.67%
Date Range
4/4/2020 - 11/5/2022
Summary
The Pandemic Unemployment Assistance (PUA) Initial Claims in District of Columbia measures the number of new unemployment claims filed under the PUA program, which provides benefits to self-employed and gig workers not typically eligible for regular unemployment insurance.
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 PUA Initial Claims data helps track the economic impact of the COVID-19 pandemic on non-traditional workers in Washington, D.C. It provides insights into the broader labor market trends and the need for targeted employment assistance programs.
Methodology
This data is collected by the U.S. Department of Labor through state unemployment insurance claims.
Historical Context
Policymakers and economists use this data to assess the state of the local economy and determine appropriate relief and recovery measures.
Key Facts
- PUA provides benefits to self-employed and gig workers not eligible for regular unemployment insurance.
- The PUA program was created in response to the COVID-19 pandemic to expand unemployment assistance.
- Washington, D.C. has seen significant fluctuations in PUA initial claims during the pandemic.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance (PUA) Initial Claims in District of Columbia measures the number of new unemployment claims filed under the PUA program, which provides benefits to self-employed and gig workers not typically eligible for regular unemployment insurance.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic impact of the COVID-19 pandemic on non-traditional workers in Washington, D.C. and helps policymakers and economists assess the state of the local labor market and determine appropriate relief and recovery measures.
Q: How is this data collected or calculated?
A: This data is collected by the U.S. Department of Labor through state unemployment insurance claims.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the state of the local economy and determine appropriate relief and recovery measures, particularly for the self-employed and gig workers affected by the pandemic.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates by the collecting agency, and there may be lags in reporting due to the nature of unemployment claims processing.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in District of Columbia (PUAICDC), retrieved from FRED.