We have been following new weekly claims for unemployment insurance in California as an index of the direction of the economy. Last week, there was a big jump in such claims, but now there appears to be a drop. The same up-and-down movement occurred at the national level, too. So let's hope the direction remains downward from now on.
As always, the latest new claims data are at https://www.dol.gov/ui/data.pdf.
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