As blog readers will know, we have been tracking new weekly claims for unemployment insurance as an indicator of the direction of the California labor market and economy. While the national outlook generally seemed to be in the recovery direction, for several weeks the California situation seemed to be worsening, probably reflecting tightened lockdown rules. The most recent week (ending Feb. 20) suggests there may be a turnaround (improvement) in California. We'll have to see if the trend continues in the coming weeks.
The latest data are at https://www.dol.gov/ui/data.pdf
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