Stall Again

 

Data on new weekly claims for unemployment insurance are out for the week ending December 5. Perhaps not surprisingly given the recent return to lockdown, the numbers indicate a stalled recovery. At the national level, whether on a seasonally-adjusted or unadjusted basis, weekly claims ticked up. The same occurred in California as the chart below indicates:

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