State Unemployment Benefits in Alabama
ALOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,664.00
Year-over-Year Change
14.62%
Date Range
1/1/1948 - 1/1/2025
Summary
The State Unemployment Benefits in Alabama (ALOBEN) metric tracks the total weekly unemployment insurance benefits paid to workers in the state of Alabama. This data provides insight into the economic conditions and labor market trends affecting Alabama residents.
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 ALOBEN series measures the total dollar amount of unemployment insurance payments made by the state of Alabama to eligible workers who have lost their jobs. This metric is a key indicator of the state's economic health and can inform policy decisions related to workforce development and social safety net programs.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of state workforce agencies.
Historical Context
Policymakers and economists use the ALOBEN data to assess the labor market and make informed decisions regarding economic and social programs in Alabama.
Key Facts
- Alabama's unemployment benefits averaged $235 per week in 2022.
- The total value of unemployment benefits paid in Alabama was $1.2 billion in 2021.
- Alabama's unemployment rate was 2.7% as of December 2022.
FAQs
Q: What does the State Unemployment Benefits in Alabama (ALOBEN) metric measure?
A: The ALOBEN series tracks the total weekly unemployment insurance benefits paid to workers in the state of Alabama. This data provides insight into the economic conditions and labor market trends affecting Alabama residents.
Q: Why is the ALOBEN trend relevant for users or analysts?
A: The ALOBEN data is a key indicator of Alabama's economic health and can inform policy decisions related to workforce development and social safety net programs.
Q: How is the ALOBEN data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of state workforce agencies.
Q: How is the ALOBEN trend used in economic policy?
A: Policymakers and economists use the ALOBEN data to assess the labor market and make informed decisions regarding economic and social programs in Alabama.
Q: Are there any update delays or limitations with the ALOBEN data?
A: The ALOBEN data is published on a regular schedule by the U.S. Bureau of Labor Statistics, but there may be some delays in reporting due to the time required to collect and process the information from state agencies.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in Alabama (ALOBEN), retrieved from FRED.