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Saturday, August 27, 2022

No sign of recession

Our weekly check of new weekly claims for unemployment insurance in California reveals no sign of recession in the state. The numbers remain at pre-pandemic levels. There have been reports of some cooling of real estate markets for single-family homes, but that's about it - despite hikes in interest rates by the Federal Reserve.

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

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