Pandemic Unemployment Assistance Initial Claims in the U.S. Virgin Islands
This dataset tracks pandemic unemployment assistance initial claims in the u.s. virgin islands over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
4/4/2020 - 11/5/2022
Summary
This economic trend measures the number of initial claims for Pandemic Unemployment Assistance (PUA) in the U.S. Virgin Islands. Tracking PUA claims provides insights into the labor market impacts of the COVID-19 pandemic in the territory.
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) program provides unemployment benefits to workers who are not eligible for regular state unemployment insurance. Monitoring PUA claims in the U.S. Virgin Islands helps economists and policymakers understand the economic effects of the pandemic on the territory's workforce.
Methodology
The data is collected through state and territorial unemployment insurance programs.
Historical Context
This metric is used to inform economic and labor market policies in the U.S. Virgin Islands.
Key Facts
- PUA provides benefits to self-employed, gig workers, and others not eligible for regular unemployment.
- Claims spiked in 2020 due to pandemic-related job losses in the U.S. Virgin Islands.
- PUA claims data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of initial claims for Pandemic Unemployment Assistance (PUA) in the U.S. Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: Tracking PUA claims provides insights into the labor market impacts of the COVID-19 pandemic in the U.S. Virgin Islands, which is useful for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through state and territorial unemployment insurance programs.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic and labor market policies in the U.S. Virgin Islands.
Q: Are there update delays or limitations?
A: PUA claims data is released weekly by the U.S. Department of Labor, with minimal update delays.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in the U.S. Virgin Islands (PUAICVI), retrieved from FRED.