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Thursday, March 25, 2021

Finally, labor market improvement


We have looked to the new weekly claims data on unemployment insurance claims as an indicator of the labor market conditions. There was a notable drop in this measure at the US level in the week ending March 20, both with seasonally adjusted and non-adjusted data, but also finally in California. Up until this point, California had been bobbing around for the prior month. Let's hope the trend continues.

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

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