Weekly Labor Market Information
The COVID-19 pandemic has had a significant impact on the economy. Given the severity of the economic shock and the speed with which the economy has changed, the researchers at the Federal Reserve Bank of Philadelphia and our colleagues in Districts around the country are compiling data to better understand the scope of the economic damage caused by the pandemic. In the latter half of March, the Philadelphia Fed released Weekly Labor Market Information for Delaware, New Jersey, and Pennsylvania. This report discusses the impact of the COVID-19 pandemic on initial unemployment insurance (UI) claims and continuing UI claims for the states in the Third District as well as for the entire United States. It also provides data on how many workers filed claims for Pandemic Unemployment Assistance and Pandemic Unemployment Emergency Compensation, two relief programs created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This report features relevant data for the regional and national economies with an emphasis on more timely, higher-frequency information.
The Philadelphia Fed also releases the special monthly COVID-19 Business Outlook Survey, which surveys businesses in the Third District on COVID-19 impacts on aspects of firm demand, production, and employment.
The Weekly Labor Market Information reports can be accessed below.
Last updated: February 25, 2021, 3:00 PM EST