Each week, we have tracked new claims for unemployment insurance in California as an index of the direction of the state's labor market and economy. Things have been flat in recent works with new claims basically unchanged. It remains flat for the week ending April 24. So, we have the seeming paradox of a good budget situation - see our prior post today - but a labor market that still needs improvement.
As always, the latest new claims data are at https://www.dol.gov/ui/data.pdf.
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