How bad is it? Bad, really bad - Part 13

The figures for new claims for unemployment insurance continue to be at remarkable levels although declining. Preliminary information for the week ended May 2nd on a seasonally-adjusted basis indicates 3.2 million new claims and 2.8 million without adjustment.

California accounted for 11.2% of those claims. In terms of total recipients receiving unemployment insurance, in the prior week there were 22.7 million on a seasonally-adjusted basis and 22.0 million without adjusted. California accounted for almost 22% of the unadjusted total.

The latest available figures can be found at https://www.dol.gov/ui/data.pdf. The impact on the state budget of the economic decline will be big. Gov. Newsom is due to release his May Revise budget proposal on May 14, one week from today.