Pandemic Unemployment Assistance Initial Claims in Idaho
PUAICID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
N/A%
Date Range
4/4/2020 - 11/5/2022
Summary
The Pandemic Unemployment Assistance (PUA) Initial Claims in Idaho measure the number of new unemployment claims filed under the PUA program in the state. This data is a key indicator of the economic impact of the COVID-19 pandemic on Idaho's workforce.
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 PUA program provides unemployment benefits to individuals who do not qualify for regular state unemployment insurance, such as self-employed workers and independent contractors. The PUA Initial Claims data offers insights into the labor market disruptions caused by the pandemic in Idaho.
Methodology
The data is collected by the Idaho Department of Labor through PUA program applications.
Historical Context
Policymakers and economists analyze PUA claims data to assess the ongoing effects of the pandemic on Idaho's economy and guide policy responses.
Key Facts
- PUA claims in Idaho peaked in April 2020.
- Self-employed and gig workers account for the majority of PUA claims.
- PUA claims remain elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Pandemic Unemployment Assistance (PUA) Initial Claims in Idaho measure the number of new unemployment claims filed under the PUA program in the state.
Q: Why is this trend relevant for users or analysts?
A: The PUA Initial Claims data offers insights into the labor market disruptions caused by the COVID-19 pandemic in Idaho, which is crucial for policymakers and economists to assess the ongoing economic impacts and guide policy responses.
Q: How is this data collected or calculated?
A: The data is collected by the Idaho Department of Labor through PUA program applications.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze PUA claims data to assess the ongoing effects of the pandemic on Idaho's economy and guide policy responses.
Q: Are there update delays or limitations?
A: The PUA Initial Claims data is subject to the timeliness of program applications and processing by the Idaho Department of Labor.
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Citation
U.S. Federal Reserve, Pandemic Unemployment Assistance Initial Claims in Idaho (PUAICID), retrieved from FRED.