Our weekly look at new weekly California claims for unemployment insurance - belated in this case - continues to show no sign of recession, despite the tech layoffs that remain in the news and the Fed's various hikes in interest rates. As blog readers will know, the UCLA Anderson Forecast for the last two quarterly projections has actually offered two scenarios - one with recession and one without. Undoubtedly, the folks working on projections in the Dept. of Finance for the governor's May Revise budget proposal are facing the same uncertainty.
No comments:
Post a Comment