Pandemic Emergency Unemployment Compensation Continued Claims in Maine
PEUCCCME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Emergency Unemployment Compensation Continued Claims in Maine tracks the number of Maine residents receiving extended unemployment benefits during the COVID-19 pandemic. This metric is crucial for understanding the economic impact and recovery in 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 Pandemic Emergency Unemployment Compensation (PEUC) program provides additional weeks of unemployment benefits to individuals who have exhausted their regular state unemployment compensation. Monitoring PEUC claims in Maine helps policymakers and economists assess the ongoing effects of the pandemic on the state's labor market.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
PEUC claims are used to inform economic policies and support programs aimed at addressing unemployment and fostering recovery.
Key Facts
- PEUC claims in Maine peaked in May 2020 at over 59,000.
- As of [latest month], PEUC claims in Maine have declined to [latest value].
- The PEUC program was extended several times during the pandemic to provide additional support to unemployed workers.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Emergency Unemployment Compensation Continued Claims in Maine tracks the number of Maine residents receiving extended unemployment benefits due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: Monitoring PEUC claims in Maine helps policymakers and economists assess the ongoing economic impact of the pandemic and inform policies and programs to support the state's labor market recovery.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through state workforce agencies.
Q: How is this trend used in economic policy?
A: PEUC claims data is used to inform economic policies and support programs aimed at addressing unemployment and fostering recovery in Maine.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of unemployment claims reporting.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Maine (PEUCCCME), retrieved from FRED.