As blog readers will know, we track weekly new claims for unemployment insurance in California as an indicator of economic recovery - or lack thereof - in the state. Those claims have now been falling for several weeks after a long period of stagnation. So, let's take it as a Good Thing. There are some issues of seasonal factors. The California data are not seasonally adjusted and holiday hiring might be a factor in the decline. The national figures show a decline in the raw numbers but a rise when seasonally adjusted. But, at least the California numbers were not going in the wrong direction.
The latest numbers, as always, are at https://www.dol.gov/ui/data.pdf.
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