Insured Unemployment Rate in Virginia
VAINSUREDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
19.57%
Date Range
6/3/2006 - 7/26/2025
Summary
The Insured Unemployment Rate in Virginia measures the percentage of the state's insured labor force that is currently receiving unemployment insurance benefits. This provides insight into the economic conditions and labor market trends within 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 Insured Unemployment Rate tracks the number of people in Virginia receiving unemployment insurance benefits as a percentage of the total insured labor force. This statistic offers a more targeted view of unemployment compared to the overall state jobless rate, as it focuses on those actively receiving benefits.
Methodology
The data is collected and calculated by the U.S. Department of Labor from state-level unemployment insurance claims.
Historical Context
The Insured Unemployment Rate is used by policymakers, economists, and labor market analysts to gauge the health of Virginia's economy and employment conditions.
Key Facts
- Virginia's Insured Unemployment Rate peaked at 12.3% in April 2020 during the COVID-19 pandemic.
- The pre-pandemic Insured Unemployment Rate in Virginia averaged around 1.5% from 2015-2019.
- Insured unemployment data provides a more timely indicator of labor market changes compared to the overall state jobless rate.
FAQs
Q: What does this economic trend measure?
A: The Insured Unemployment Rate in Virginia tracks the percentage of the state's insured labor force that is currently receiving unemployment insurance benefits.
Q: Why is this trend relevant for users or analysts?
A: The Insured Unemployment Rate offers a more targeted view of employment conditions in Virginia compared to the overall state jobless rate, providing timely insights for policymakers and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Department of Labor from state-level unemployment insurance claims.
Q: How is this trend used in economic policy?
A: The Insured Unemployment Rate is used by policymakers, economists, and labor market analysts to gauge the health of Virginia's economy and employment conditions.
Q: Are there update delays or limitations?
A: The Insured Unemployment Rate data is typically published on a weekly basis with minimal delays, providing a timely indicator of labor market changes in Virginia.
Related Trends
Average Hourly Earnings of All Employees: Professional and Business Services in Virginia
SMU51000006000000003
Housing Inventory: Average Listing Price Year-Over-Year in Virginia
AVELISPRIYYVA
Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Virginia
VAPCEVEH
Real Gross Domestic Product: Ambulatory Health Care Services (621) in Virginia
VAAMBHCRGSP
All Employees: Accommodation and Food Services in Virginia
SMU51000007072000001A
Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in Virginia
VAADMINSUPQGSP
Citation
U.S. Federal Reserve, Insured Unemployment Rate in Virginia (VAINSUREDUR), retrieved from FRED.