## A New Claims-Based Unemployment Dataset: Application to Postwar Recoveries Across U.S. States

_IMF Working Papers, June 10, 2022_

## Source details

**Canonical URL:** [A New Claims-Based Unemployment Dataset: Application to Postwar Recoveries Across U.S. States](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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## Bibliographic details
- 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

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### Dataset construction and scope
- 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.

### Validation and comparison
- The constructed series are highly correlated with the Bureau of Labor Statics' state-level unemployment data, which are only available from January 1976 onwards.

### Main empirical findings
- 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 areas and keywords
- 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

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## Content in this bundle

- **Working Paper**
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_Source: 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_