New weekly California unemployment insurance claims seem not to be going anywhere, stuck at around 60,000 when "normal" would be 40,000. For a couple of weeks, it looked like we were finally going to get a decline, but that no longer seems to be the trend. So, we are in an odd situation where the economy - at least by this measure - has yet to recover (and is now threatened by Omicron), while the governor has been hinting at another year of budgetary largess for such purposes as fighting retail theft. (No hints yet about what might be coming for UC's budget.)
As always, the latest new claims data release is at https://www.dol.gov/ui/data.pdf.
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