The latest new weekly claims for unemployment insurance data for the week ending May 30 are out. They continue in record territory, but at a declining rate. On a seasonally-adjusted basis, new claims were 1.9 million and 1.6 million without adjustment. Both increments were below the prior week. California is now disproportionately represented among those receiving unemployment benefits, based on unadjusted data (the only data available). So, at best, we are at the end of the beginning.
The latest claims data are at (as always):
https://www.dol.gov/ui/data.pdf.
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