We have been tracking new weekly claims for unemployment insurance as an indicator of labor market trends and economic trends. At the national level for the week ended Feb. 27, there were small increases in both seasonally adjusted and unadjusted claims. In California, there was a very slight drop. We seem to be in a holding pattern in California, albeit an improvement from a few weeks back. There is much talk of reopening in California as vaccinations progress, but also some concerns about a potential "fourth wave" of infections. In short, not much to report this week.
The latest claims data are always at https://www.dol.gov/ui/data.pdf
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