Click on image above to enlarge and clarify. |
Our underestimate was due to the fact that California accounted last week for only 6.4% of national new claims. (California is roughly 12% of the workforce.) The previous week, California accounted for over one fifth of new claims. Essentially, the data tell us that the coronavirus-related layoff have spread across the country which is now following the California pattern with a lag.
As we have noted, the economic decline the chart above represents is bound to affect the state budget adversely (and, therefore, the UC budget).
Below are links to recent coronavirus-related announcements:
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Gov. Newsom: 3-25-2020 (starts at about minute 3)
or direct to:
https://archive.org/details/newsom3252020
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Gov. Newsom: 3-24-2020 (starts at minute 6:05)or direct to:
https://archive.org/details/newsom3242020
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Gov. Newsom: 3-19-2020 (starts at about minute 1:25)
or direct to:
https://archive.org/details/newsomshutdown31920
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*http://uclafacultyassociation.blogspot.com/2020/03/how-bad-is-it-bad-really-bad.html
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