The data on new weekly claims for unemployment insurance came out a day earlier than usual due to the upcoming holiday. For California, after a surge in new claims that seemed related to the tighter coronavirus lockdown rules recently imposed, new claims dropped back to levels seen a few weeks before.
If that interpretation is correct, things have stopped getting worse (or we have settled into a level of worse, however you want to frame it). Similar developments occurred at the national level.
As always, the latest new claims data are at: https://www.dol.gov/ui/data.pdf
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