State Unemployment Benefits in Indiana
INOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
291,277.00
Year-over-Year Change
40.05%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'State Unemployment Benefits in Indiana' trend measures the total number of unemployment insurance claims filed in the state of Indiana. This metric is a key indicator of economic conditions and labor market health.
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
This series tracks the volume of initial unemployment insurance claims filed by Indiana residents who have lost their jobs. It provides insight into the employment landscape and can help policymakers and economists gauge the strength of the state's economy.
Methodology
The data is collected through the Indiana Department of Workforce Development's unemployment insurance program.
Historical Context
Monitoring state-level unemployment claims is crucial for understanding regional economic trends and informing policy decisions.
Key Facts
- Indiana's unemployment claims peaked in April 2020 during the COVID-19 pandemic.
- Unemployment insurance provides temporary income support for eligible workers who have lost their jobs.
- The unemployment claims data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The 'State Unemployment Benefits in Indiana' trend measures the total number of unemployment insurance claims filed by Indiana residents who have lost their jobs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the employment landscape and economic conditions in Indiana, helping policymakers and economists gauge the strength of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Indiana Department of Workforce Development's unemployment insurance program.
Q: How is this trend used in economic policy?
A: Monitoring state-level unemployment claims is crucial for understanding regional economic trends and informing policy decisions.
Q: Are there update delays or limitations?
A: The unemployment claims data is released weekly by the U.S. Department of Labor.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in Indiana (INOBEN), retrieved from FRED.