Our weekly foray into new weekly California claims for unemployment benefits has again revealed no sign of recession. And the most recent unemployment rate for the nation was 3.4%, very low. Tech layoffs continue to appear in the headlines but apparently those affected are finding jobs or not applying for benefits.
The governor's May Revise budget will be out soon. Yours truly could not find a specific announcement date as to today, but it has to be in the next week or so. What it will have as underlying economic projections is anyone's guess at this point, although undoubtedly the May Revise is already in final draft.
As always, the latest claims data are at https://www.dol.gov/ui/data.pdf.
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