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Friday, August 19, 2022

New Claims: No Sign of Recession (again)

We keep looking for signs of recession in the new weekly claims for unemployment benefits in California - and not finding them. The most recent data continue to run at pre-pandemic/boom levels.

And the most recent unemployment rate data for the state put California below 4%, i.e., very low.

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

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