Pandemic Unemployment Assistance Initial Claims in Montana
PUAICMT • 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 Montana measures the number of new unemployment claims filed by self-employed, gig, and other workers not typically eligible for regular state unemployment benefits. This metric provides insight into the economic impact of the COVID-19 pandemic on Montana's labor market.
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 was created in 2020 to expand unemployment insurance eligibility to workers not covered by the traditional system. Tracking PUA initial claims in Montana helps policymakers assess the ongoing effects of the pandemic on the state's workforce and economy.
Methodology
The data is collected through the Montana Department of Labor and Industry's unemployment insurance claims system.
Historical Context
PUA claims data is used by economists, policymakers, and market analysts to monitor the economic recovery and inform policy decisions.
Key Facts
- PUA claims in Montana peaked at over 53,000 in April 2020.
- PUA claims have declined since the height of the pandemic but remain elevated.
- The PUA program is scheduled to expire in September 2021.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance (PUA) Initial Claims in Montana measures the number of new unemployment claims filed by self-employed, gig, and other workers not typically eligible for regular state unemployment benefits.
Q: Why is this trend relevant for users or analysts?
A: Tracking PUA initial claims in Montana provides insight into the ongoing economic impact of the COVID-19 pandemic on the state's labor market, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Montana Department of Labor and Industry's unemployment insurance claims system.
Q: How is this trend used in economic policy?
A: PUA claims data is used by policymakers, economists, and market analysts to monitor the economic recovery and inform policy decisions related to the pandemic's impact on the labor market.
Q: Are there update delays or limitations?
A: The PUA program is scheduled to expire in September 2021, which may affect the availability and relevance of this data going forward.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in Montana (PUAICMT), retrieved from FRED.