Pandemic Emergency Unemployment Compensation Continued Claims in Rhode Island
PEUCCCRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Emergency Unemployment Compensation Continued Claims in Rhode Island measures the number of people in Rhode Island receiving extended unemployment benefits due to the COVID-19 pandemic. This metric is important for policymakers and economists to understand the ongoing impacts of the pandemic on state-level employment.
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. The PEUC Continued Claims data for Rhode Island tracks the number of people actively receiving these extended benefits within the state.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
This metric is used to assess the labor market conditions and need for continued economic support policies in Rhode Island.
Key Facts
- PEUC provides additional weeks of benefits after regular state unemployment is exhausted.
- Rhode Island's PEUC continued claims peaked in May 2020 at over 100,000.
- PEUC claims have declined since the initial COVID-19 surge but remain elevated.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Emergency Unemployment Compensation Continued Claims in Rhode Island tracks the number of people in the state receiving extended unemployment benefits due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the ongoing labor market impacts of the COVID-19 crisis and informing policy decisions around economic support and recovery efforts in Rhode Island.
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: The PEUC continued claims data is used by policymakers, economists, and analysts to assess labor market conditions and the need for continued COVID-19 relief programs in Rhode Island.
Q: Are there update delays or limitations?
A: There may be lags in data reporting from state workforce agencies to the Department of Labor, resulting in potential delays in the most recent PEUC continued claims figures for Rhode Island.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Rhode Island (PEUCCCRI), retrieved from FRED.