Pandemic Unemployment Assistance Initial Claims in Louisiana
PUAICLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
N/A%
Date Range
4/4/2020 - 11/5/2022
Summary
The Pandemic Unemployment Assistance (PUA) Initial Claims in Louisiana metric tracks the number of new unemployment claims filed under the PUA program in the state. This measure provides insight into the economic impact of the COVID-19 pandemic on Louisiana'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 do not qualify for regular state unemployment insurance, such as self-employed workers and independent contractors. Tracking PUA claims helps policymakers and economists assess the ongoing labor market disruptions caused by the pandemic.
Methodology
The data is collected by the U.S. Department of Labor based on reports from the Louisiana Workforce Commission.
Historical Context
This metric is used to inform economic and workforce policies at the state and federal level.
Key Facts
- PUA claims in Louisiana peaked in April 2020 during initial pandemic lockdowns.
- PUA claims remain elevated compared to pre-pandemic levels, indicating ongoing labor market challenges.
- The PUA program was established by the CARES Act to expand unemployment eligibility.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance (PUA) Initial Claims in Louisiana metric tracks new unemployment claims filed under the PUA program in the state.
Q: Why is this trend relevant for users or analysts?
A: Monitoring PUA claims helps policymakers and economists assess the ongoing labor market disruptions caused by the COVID-19 pandemic in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor based on reports from the Louisiana Workforce Commission.
Q: How is this trend used in economic policy?
A: This metric informs economic and workforce policies at the state and federal level.
Q: Are there update delays or limitations?
A: There may be delays in reporting and limitations due to the evolving nature of the pandemic and unemployment programs.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in Louisiana (PUAICLA), retrieved from FRED.