As we do weekly, we look at the latest California data on weekly unemployment benefit claims to chart how the state's labor market and general economy is doing. We were stuck for a long time with about 60,000 claims when normal would be more like 40,000. But now we seem to be about half way there, i.e., claims around 50,000. Of course, we've been there before, only to see the progress erased. But maybe this time?
As always, the latest claims data are at https://www.dol.gov/ui/data.pdf.
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