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Wednesday, October 21, 2020

Standing Out - But Not In a Good Way

California last month exhibited the third highest unemployment rate behind Hawaii and Nevada (tourism states). The not-so-good data for the state are noisy due to the coronavirus situation, but in broad terms the poor result is consistent with other indicators. Poor economic performance is not good for the state budget, even if it appears that the budget may be doing better than forecast when it was enacted.

The latest release of state unemployment estimates is at:

https://www.bls.gov/news.release/pdf/laus.pdf

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