Pandemic Unemployment Assistance Initial Claims in Maryland
PUAICMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
4/4/2020 - 11/5/2022
Summary
This economic trend tracks the number of initial claims filed for Pandemic Unemployment Assistance (PUA) in the state of Maryland. It provides timely insights into the labor market 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) Initial Claims in Maryland series measures the number of people in Maryland who have filed for unemployment benefits under the PUA program, which provides aid to those not eligible for regular state unemployment insurance.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
This metric is closely monitored by policymakers, economists, and labor market analysts to assess the ongoing economic effects of the pandemic.
Key Facts
- PUA provides benefits to self-employed, gig workers, and others not eligible for regular unemployment insurance.
- Maryland saw a peak in PUA initial claims in April 2020 during the early stages of the pandemic.
- PUA claims have declined from their peak but remain elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of initial claims filed for Pandemic Unemployment Assistance (PUA) in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insights into the labor market impact of the COVID-19 pandemic in Maryland, which is crucial for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state workforce agencies.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers to assess the ongoing economic effects of the pandemic and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published weekly, with some potential for delays in state-level reporting.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in Maryland (PUAICMD), retrieved from FRED.