Pandemic-related initial claims for unemployment assistance

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FRED now offers data on pandemic-related initial claims for unemployment assistance. An initial claim is filed by an employee with the state employment agency after losing her/his job. A pandemic-related initial claim is filed by an employee covered under the expanded eligibility criteria specific to the pandemic.
The Pandemic Unemployment Assistance (PUA) program is funded through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which temporarily expanded unemployment insurance eligibility to workers not usually eligible for regular unemployment compensation or extended benefits: e.g., self-employed workers, freelancers, independent contractors, and part-time workers impacted by the pandemic.
The number of these claims varies dramatically from week to week and from state to state. Here, the data show percent changes from November 14, 2020, to November 21, 2020. The dark red indicates a state where the number of these initial claims increased in that week, and the light red indicates a state

Federal Reserve Source

Author: RealEstate