Our weekly review of new weekly claims for unemployment insurance last week (week ending April 3) was a disappointment; things seemed to be stuck on a plateau. But this week (week ending April 10) the data indicate a big decline, whether at the national or the California state level. Let's hope it continues. Note that if the good budget numbers continue and the economy and vaccination/coronavirus situation looks good, the governor's May Revise budget will be more positive - which should be good for UC.
Of course, as we noted, UC needs to be out there aggressively making its case.
As usual, the latest new claims numbers are at https://www.dol.gov/ui/data.pdf
Thanks for sharing this. BusinessThink
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