These figures remain extraordinarily high. But the total number of those receiving UI benefits in recent weeks has fallen and then largely stabilized. (Those totals lag one week.) So although we are dumping new people into unemployment in large numbers each week, a roughly equivalent number is apparently finding new jobs and moving off the rolls.
California, however, remains overrepresented in the totals of those receiving UI benefits. And, of course, much depends on the course of the coronavirus. New cases appear to be increasing. Political leaders - including those in California from the governor on down - appear to be willing to lower restrictions and allow more activities, regardless of current case trends. We don't know what the reaction would be to a more pronounced increase, a second wave, etc.
Source of latest data: https://www.dol.gov/ui/data.pdf
[Click on image to enlarge and clarify.] |
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