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

56 Pages Posted: 27 Jun 2022

See all articles by Andrew Fieldhouse

Andrew Fieldhouse

Middlebury College

Sean Howard

Middlebury College

Christoffer Koch

International Monetary Fund (IMF)

David Munro

Middlebury College

Date Written: June 1, 2022

Abstract

Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U.S. states going back to January 1947. The constructed series are highly correlated with the Bureau of Labor Statics' state-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state level. We find that faster recoveries are associated with greater heterogeneity in the recovery rate of unemployment and slower recoveries tend to be more uniformly paced across states. In addition, we find that the pace of unemployment recoveries is strongly correlated with a states' manufacturing share of output.

Keywords: State-Level Unemployment Rates, Unemployment Insurance, Economic Recoveries, Regional Business Cycles, unemployment recovery, unemployment series, unemployment dataset, recession date, unemployment rate series, Unemployment rate, Economic recession, Unemployment, Business cycles, Labor markets

JEL Classification: C82, E24, E32, J64, J65, R11, E30, J20

Suggested Citation

Fieldhouse, Andrew and Howard, Sean and Koch, Christoffer and Munro, David, A New Claims-Based Unemployment Dataset: Application to Postwar Recoveries Across U.S. States (June 1, 2022). IMF Working Paper No. 2022/117, Available at SSRN: https://ssrn.com/abstract=4147328

Andrew Fieldhouse (Contact Author)

Middlebury College ( email )

Middlebury, VT 05753
United States

Sean Howard

Middlebury College ( email )

Middlebury, VT 05753
United States

Christoffer Koch

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

David Munro

Middlebury College ( email )

Munroe Hall
Middlebury, VT 05753
United States

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