Pandemic Unemployment Assistance Initial Claims in Indiana
PUAICIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-45.45%
Date Range
4/4/2020 - 11/5/2022
Summary
The Pandemic Unemployment Assistance (PUA) Initial Claims in Indiana measure the number of new claims for PUA benefits filed in the state. This provides insight into the economic impact of the COVID-19 pandemic on Indiana's workforce.
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 program provides unemployment benefits to individuals who are self-employed, seeking part-time employment, or otherwise ineligible for regular state unemployment insurance. Tracking PUA claims helps policymakers and analysts understand the ongoing effects of the pandemic on Indiana's labor market.
Methodology
The data is collected by the Indiana Department of Workforce Development and reported to the U.S. Department of Labor.
Historical Context
PUA claim trends are used to inform economic policy decisions and assess the recovery of Indiana's job market.
Key Facts
- PUA provides benefits to self-employed and gig workers.
- Indiana PUA claims peaked in April 2020 during COVID lockdowns.
- PUA claims have declined 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 Indiana measure the number of new claims for PUA benefits filed in the state.
Q: Why is this trend relevant for users or analysts?
A: Tracking PUA claims helps policymakers and analysts understand the ongoing effects of the COVID-19 pandemic on Indiana's labor market and workforce.
Q: How is this data collected or calculated?
A: The data is collected by the Indiana Department of Workforce Development and reported to the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: PUA claim trends are used to inform economic policy decisions and assess the recovery of Indiana's job market.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis, with some potential for delay in reporting.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in Indiana (PUAICIN), retrieved from FRED.