State Unemployment Benefits in Wisconsin
WIOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
363,213.00
Year-over-Year Change
15.94%
Date Range
1/1/1948 - 1/1/2025
Summary
The State Unemployment Benefits in Wisconsin (WIOBEN) series tracks the total number of unemployment insurance claims paid out by the state of Wisconsin each month. This metric is a key indicator of economic conditions and labor market trends.
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
WIOBEN measures the number of unemployment insurance claims processed and paid out by the Wisconsin Department of Workforce Development. It reflects the level of joblessness and economic hardship experienced by Wisconsin workers, providing important insights for policymakers and analysts.
Methodology
The data is collected through administrative records of the state's unemployment insurance program.
Historical Context
WIOBEN is closely monitored by economists, policymakers, and the public to gauge the health of Wisconsin's labor market and broader economy.
Key Facts
- Wisconsin paid out $1.2 billion in unemployment benefits in 2021.
- Unemployment claims peaked in Wisconsin during the COVID-19 pandemic.
- The state's unemployment rate has fallen from a high of 13.6% in 2020 to 3.2% as of 2022.
FAQs
Q: What does this economic trend measure?
A: The State Unemployment Benefits in Wisconsin (WIOBEN) series tracks the total number of unemployment insurance claims paid out by the state each month.
Q: Why is this trend relevant for users or analysts?
A: WIOBEN provides important insights into the health of Wisconsin's labor market and broader economy, making it a closely watched indicator by economists, policymakers, and the public.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of Wisconsin's unemployment insurance program.
Q: How is this trend used in economic policy?
A: WIOBEN is used by policymakers, analysts, and institutions to gauge the economic conditions and labor market trends in Wisconsin, informing policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The WIOBEN data is published monthly with a short lag, providing timely information on the state's unemployment insurance claims.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in Wisconsin (WIOBEN), retrieved from FRED.