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Sunday, June 19, 2022

Going up a bit, but could be noise

We track new California weekly claims for unemployment insurance as an indicator of the state of the labor market and general economy. Claims popped up a bit in the week ending June 11th but the series is noisy and still roughly in the pre-pandemic range. So let's track it awhile before drawing any conclusions of a slowdown.

As always, the latest data are at https://www.dol.gov/ui/data.pdf.

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