How Bad Is It? Bad, Really Bad - Part 15

Large volumes of new claims for unemployment insurance continued through last week during the coronavirus crisis. New filings were close to 3 million on a seasonally-adjusted basis, 2.6 million without adjustment. Up through the week before, the number collecting unemployment totaled 21.1 million of which 2.9 million were in California. (California is over-represented in the total.) All of this forms a background for the governor's May Revise state budget proposal that is to be presented later today.

The latest new claims release is at https://www.dol.gov/ui/data.pdf.