Pandemic Unemployment Assistance Initial Claims in Minnesota
PUAICMN • 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 Minnesota measures the number of people in Minnesota who have filed new claims for PUA benefits due to the COVID-19 pandemic. This data provides insights into the economic impact of the pandemic on Minnesota'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 would not qualify for regular unemployment compensation. Tracking PUA initial claims helps policymakers and economists understand the evolving labor market conditions in Minnesota.
Methodology
The data is collected and reported by the Minnesota Department of Employment and Economic Development.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the state of Minnesota's economy and inform decisions related to COVID-19 response and recovery efforts.
Key Facts
- PUA claims in Minnesota peaked in April 2020.
- PUA claims have remained elevated compared to pre-pandemic levels.
- Minnesota's PUA claims account for a significant portion of total unemployment insurance claims in the state.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance (PUA) Initial Claims in Minnesota measures the number of new unemployment claims filed by individuals in Minnesota who are not eligible for regular unemployment benefits due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the ongoing economic impact of the COVID-19 pandemic on Minnesota's workforce and labor market, which is crucial for policymakers, economists, and market analysts to understand and respond to.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Minnesota Department of Employment and Economic Development.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies use this data to assess the effectiveness of COVID-19 relief programs, inform decisions about economic recovery efforts, and develop targeted policies to support Minnesota's workforce and businesses.
Q: Are there update delays or limitations?
A: The data is subject to revision and may be released with a lag, reflecting the time required to collect and process the information from Minnesota's unemployment insurance system.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in Minnesota (PUAICMN), retrieved from FRED.