Our weekly look at new weekly claims for California unemployment insurance as a guide to the direction of the economy reveals - nothing. No real change since last week. We're still awaiting the recession that may or may not come. As we have noted in prior posts, the UCLA Anderson Forecast said that maybe it will and maybe it won't.*
As always, new claims data are at https://www.dol.gov/ui/data.pdf.
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*http://uclafacultyassociation.blogspot.com/2022/12/recession-maybe-maybe-not-part-2.html.
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