We have been tracking new weekly claims for unemployment insurance as an indicator of labor market and economic conditions. At the national level, such claims continued to fall through the week ending February 6. But the last three weeks in California show a rise in claims. Two weeks ago, there appeared to be an artificial drop. Even so, however, claims are up over the level of four weeks ago. So California seems to be especially afflicted with a stalled economy and coronavirus problems contributing to the situation.
As usual, the latest data are at https://www.dol.gov/ui/data.pdf
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