Pandemic Emergency Unemployment Compensation Continued Claims in Utah
PEUCCCUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Emergency Unemployment Compensation Continued Claims in Utah measures the number of workers in Utah receiving extended unemployment benefits due to the COVID-19 pandemic. This metric provides insights into the ongoing economic recovery and labor market conditions 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 in Utah provides additional weeks of unemployment benefits to individuals who have exhausted their regular state unemployment compensation. Tracking continued claims under this program helps policymakers and analysts assess the employment situation and need for economic support in the state.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
This trend is used by economists, policymakers, and investors to gauge the strength of Utah's labor market and the ongoing economic impacts of the pandemic.
Key Facts
- Utah's PEUC continued claims peaked at over 100,000 in May 2020.
- PEUC claims have declined significantly since the initial pandemic surge.
- Continued PEUC claims indicate lingering labor market challenges in Utah.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Emergency Unemployment Compensation Continued Claims in Utah measures the number of workers in the state receiving extended unemployment benefits due to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: Tracking PEUC claims in Utah provides insights into the ongoing economic recovery and labor market conditions in the state, which is crucial information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state workforce agencies in Utah.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the employment situation and need for economic support in Utah, informing decisions about targeted relief efforts and recovery strategies.
Q: Are there update delays or limitations?
A: The data is subject to typical government statistical reporting timelines, with some lag between the reference period and public release.
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Citation
U.S. Federal Reserve, Pandemic Emergency Unemployment Compensation Continued Claims in Utah (PEUCCCUT), retrieved from FRED.