As indicated by new weekly claims for unemployment benefits in California, we continue to see a stalled economy. The latest data - which came out one day earlier than usual due to Thanksgiving - show an uptick in new claims. (We have noted in prior posts that in this period, you are likely to see economic indicators such as this pointing in different directions. President Trump yesterday boasted about the Dow-Jones stock market index going above 30,000, which was a bit odd since it jumped up once it was clear he was leaving!) Lockdowns of various degrees around the US and in California are likely to slow things down.
In any case, as usual, the latest data on new claims are at https://www.dol.gov/ui/data.pdf.
No comments:
Post a Comment