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Sunday, March 13, 2022

Still in the Normal Range

We have been tracking new weekly California claims for unemployment insurance as an index of the state's labor market and economic activity. We have been back in the pre-pandemic normal range for a couple of weeks and seem to be remaining there. Of course, uncertainties remain related to the Ukraine situation and what may be the response to continued inflation.

The latest data, as always, are at https://www.dol.gov/ui/data.pdf.

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