We continue our so-far-fruitless weekly look for signs of a recession in the data on California weekly claims for unemployment insurance. Yet, despite the continuing headlines about layoffs in tech firms, the numbers show nothing in particular happening. And it happened again in the latest data on the week ending Apri 15th as the chart above shows.
As always, the latest claims data are at https://www.dol.gov/ui/data.pdf.
Still, we will continue merrily on our way to nowhere each week until maybe we get somewhere:
Or direct to https://www.youtube.com/watch?v=50JYTTCfAKo.
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