Our weekly look at new weekly claims for California unemployment benefits indicates that we are following a pre-pandemic pattern of an early-in-the-new-year bump up of claims, followed by a decline. It may simply reflect temporary hiring for the Christmas buying season coming to an end. Beyond that, and despite the well-publicized tech layoffs, we aren't seeing recession signs, at least in the labor market.
As always, the latest claims data are at https://www.dol.gov/ui/data.pdf.
No comments:
Post a Comment