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Monday, March 27, 2023

No Panic


In the week ending March 18, our tracking of new California weekly claims for unemployment insurance shows that - ta ta! - nothing happened. That's the week after the Silicon Valley Bank collapsed after a run on the bank, an event you might have thought would panic some employers into layoffs. Apparently, it didn't.

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

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