As a follow-on to our previous post, new weekly unemployment insurance claims in California are still banging around at pre-pandemic levels. Blog readers will know we follow this data series as an indicator of the condition of the state's labor market and general economy. So, as the previous post pointed out, just as there is no indication in the national labor market of a downtown, there is also no such indication in the California labor market.
As always, the latest claims data are (always) at https://www.dol.gov/ui/data.pdf.
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