Individual Income Tax Filing: Adjusted Gross Income (AGI): Unemployment Compensation
This dataset tracks individual income tax filing: adjusted gross income (agi): unemployment compensation over time.
Latest Value
25420264.00
Year-over-Year Change
-22.36%
Date Range
1/1/1999 - 1/1/2016
Summary
This economic trend measures the total amount of unemployment compensation reported on individual income tax returns. It provides insight into the financial impact of job loss and the use of this key social safety net program.
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 Adjusted Gross Income (AGI): Unemployment Compensation trend tracks the aggregate value of unemployment benefits included in taxpayers' reported AGI. This metric reflects the scale and economic influence of unemployment insurance as part of household incomes.
Methodology
The data is collected from individual income tax returns filed with the U.S. Internal Revenue Service.
Historical Context
Economists and policymakers analyze this trend to understand the macroeconomic effects of job losses and the role of unemployment compensation in supporting consumer spending.
Key Facts
- Unemployment compensation is a key component of household incomes.
- This trend reached a record high during the COVID-19 pandemic.
- Tracking AGI: Unemployment Compensation helps assess economic recoveries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of unemployment compensation reported on individual income tax returns in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial impact of job losses and the role of unemployment insurance as a social safety net program.
Q: How is this data collected or calculated?
A: The data is collected directly from individual income tax returns filed with the U.S. Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to understand the macroeconomic effects of job losses and the influence of unemployment compensation on consumer spending.
Q: Are there update delays or limitations?
A: The data is subject to the typical processing and reporting timelines of individual income tax filings.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Adjusted Gross Income (AGI): Unemployment Compensation (UMPCPSA), retrieved from FRED.