Another Stall Week for California

The latest new weekly unemployment insurance claims data for California again indicate a stall for the state. The fact that several counties are being moved to more restrictive coronavirus classifications won't help the picture in the future. The weekly new claims for the state actually rose slightly. 

At the national level, however, there were declines in new claims, with and without seasonal adjustment. 

It will be interesting to see what state budget projections the Legislative Analyst's Office comes out with soon.

As always, the latest data for new claims are at https://www.dol.gov/ui/data.pdf.