Pandemic Unemployment Assistance Continued Claims in North Carolina
PUACCNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.00
Year-over-Year Change
-63.98%
Date Range
3/28/2020 - 10/22/2022
Summary
The Pandemic Unemployment Assistance Continued Claims in North Carolina tracks the number of workers in the state receiving pandemic-related unemployment benefits. This metric is a key indicator of the economic impact of the COVID-19 crisis on North Carolina's labor market.
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 Unemployment Assistance (PUA) program provides unemployment benefits to self-employed, independent contractors, and other workers not typically eligible for regular state unemployment insurance. The continued claims figure represents the ongoing need for this pandemic-related assistance in North Carolina.
Methodology
The data is collected and reported by the U.S. Department of Labor from state workforce agencies.
Historical Context
Policymakers use this metric to assess the pace of economic recovery and inform decisions around pandemic response measures.
Key Facts
- Pandemic unemployment claims peaked in North Carolina in April 2020.
- Claims declined steadily through 2021 as the economy recovered.
- PUA was a key component of the federal government's pandemic relief efforts.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance Continued Claims in North Carolina tracks the number of self-employed and other workers in the state receiving pandemic-related unemployment benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the ongoing economic impact of the COVID-19 crisis on North Carolina's labor market, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of Labor from state workforce agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the pace of economic recovery in North Carolina and inform decisions around pandemic response and relief measures.
Q: Are there update delays or limitations?
A: The data is reported with a lag, so it may not reflect the most current conditions in the state's labor market.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Continued Claims in North Carolina (PUACCNC), retrieved from FRED.