Thursday, April 9, 2020
How bad is it? Bad, really bad - Part 6
For California, the figures without seasonal adjustment were 925,450 last week and 1.1 million (revised) the week before.
The latest new claims release is at:
All of these figures are suggestive of the economic damage that is being inflicted by the coronavirus crisis which will reflect itself in state tax revenue, the state budget, and the UC budget. We will have some additional data tomorrow when the state controller provides data on state cash flow for March. March, of course, was just the beginning of recent economic events.