{
  "title": "A New Claims-Based Unemployment Dataset: Application to Postwar Recoveries Across U.S. States",
  "publication": "IMF Working Papers, June 10, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2022/06/10/a-new-claims-based-unemployment-dataset-application-to-postwar-recoveries-across-u-s-519116",
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  "summary": "Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U.S. states going back to January 1947.",
  "sections": [
    {
      "heading": "Dataset construction and scope",
      "content": "- Constructed a historical monthly unemployment series for U.S. states going back to January 1947 using newly digitized unemployment insurance claims data.\n- Series intended to capture consistent patterns in the business cycle at the state level."
    },
    {
      "heading": "Validation and comparison",
      "content": "- The constructed series are highly correlated with the Bureau of Labor Statics' state-level unemployment data, which are only available from January 1976 onwards."
    },
    {
      "heading": "Main empirical findings",
      "content": "- Faster recoveries are associated with greater heterogeneity in the recovery rate of unemployment across states.\n- Slower recoveries tend to be more uniformly paced across states.\n- The pace of unemployment recoveries is strongly correlated with a state's manufacturing share of output."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Business cycles, Economic growth, Economic recession, Labor, Labor markets, Unemployment, Unemployment rate\n- Keywords: Business cycles, Economic recession, Economic Recoveries, Labor markets, recession date, Regional Business Cycles, State-Level Unemployment Rates, Unemployment, unemployment dataset, Unemployment Insurance, Unemployment rate, unemployment rate series, unemployment recovery, unemployment series\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2022/06/10/a-new-claims-based-unemployment-dataset-application-to-postwar-recoveries-across-u-s-519116"
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    "Authors: Andrew Fieldhouse, Sean Howard, Christoffer Koch, David Munro",
    "Published: June 10, 2022",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798400212604.001",
    "Constructed a historical monthly unemployment series for U.S. states going back to January 1947 using newly digitized unemployment insurance claims data.",
    "Series intended to capture consistent patterns in the business cycle at the state level.",
    "The constructed series are highly correlated with the Bureau of Labor Statics' state-level unemployment data, which are only available from January 1976 onwards.",
    "Faster recoveries are associated with greater heterogeneity in the recovery rate of unemployment across states.",
    "Slower recoveries tend to be more uniformly paced across states.",
    "The pace of unemployment recoveries is strongly correlated with a state's manufacturing share of output.",
    "Subject: Business cycles, Economic growth, Economic recession, Labor, Labor markets, Unemployment, Unemployment rate",
    "Keywords: Business cycles, Economic recession, Economic Recoveries, Labor markets, recession date, Regional Business Cycles, State-Level Unemployment Rates, Unemployment, unemployment dataset, Unemployment Insurance, Unemployment rate, unemployment rate series, unemployment recovery, unemployment series",
    "**Working Paper**"
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