Insured Unemployment Rate in Pennsylvania
PAINSUREDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
31.03%
Date Range
5/27/2006 - 7/19/2025
Summary
The Insured Unemployment Rate in Pennsylvania measures the percentage of the state's labor force receiving unemployment insurance benefits. This key economic indicator provides insights into the health of the state's job market and the need for social support programs.
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 represents the number of Pennsylvania residents receiving unemployment insurance benefits as a percentage of the state's total covered labor force. This metric is used by policymakers and analysts to gauge the strength of the local economy and the demand for workforce support.
Methodology
The data is collected by the U.S. Department of Labor from state unemployment insurance programs.
Historical Context
The Insured Unemployment Rate in Pennsylvania is closely monitored by state and federal agencies for assessing economic conditions and informing policy decisions.
Key Facts
- Pennsylvania's insured unemployment rate peaked at 17.4% in April 2020.
- The state's insured unemployment rate has returned to pre-pandemic levels of around 2.5% as of 2022.
- Insured unemployment data helps guide decisions on unemployment insurance programs and workforce development initiatives.
FAQs
Q: What does the Insured Unemployment Rate in Pennsylvania measure?
A: The Insured Unemployment Rate measures the percentage of Pennsylvania's labor force receiving unemployment insurance benefits.
Q: Why is the Insured Unemployment Rate relevant for users or analysts?
A: This metric provides important insights into the health of Pennsylvania's job market and the need for social support programs.
Q: How is the Insured Unemployment Rate data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state unemployment insurance programs.
Q: How is the Insured Unemployment Rate used in economic policy?
A: Policymakers and analysts use this metric to assess economic conditions and inform decisions on workforce support and social welfare programs.
Q: Are there any update delays or limitations with the Insured Unemployment Rate data?
A: The data is published regularly with minimal delays, providing timely insights into Pennsylvania's labor market.
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Citation
U.S. Federal Reserve, Insured Unemployment Rate in Pennsylvania (PAINSUREDUR), retrieved from FRED.