Introducing the Unemployment Claims Monitor

Stuart Andreason

No 2020-04, Workforce Currents from Federal Reserve Bank of Atlanta

Abstract: The COVID-19 pandemic has caused an unparalleled economic slowdown and record numbers of layoffs. Even casual economic observers have seen reports of millions of workers filing claims for unemployment insurance—between the weeks of March 21, 2020 and April 25, 2020, 19 percent of workers covered by unemployment insurance filed an initial claim—but what exactly does this mean for unemployment?1 It is important to understand exactly what an unemployment insurance (UI) claim represents and how it provides information on what is happening in the economy.

Keywords: unemployment; claims (search for similar items in EconPapers)
JEL-codes: J64 (search for similar items in EconPapers)
Pages: 1
Date: 2020-05-06
New Economics Papers: this item is included in nep-ias and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:fip:a00034:88180

DOI: 10.29338/wc2020-04

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