Stalling

We have been tracking new weekly claims for unemployment insurance as a labor-market indictor of where the economy is going. The national data for the week ending October 31st, whether seasonally adjusted or unadjusted, suggest little change - a stall. 

For California, whose data are affected by ongoing problems in case processing and of fraud, there is a similar circumstance. See below:

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