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Sunday, June 11, 2023

Our weekly wait for recession

Every week, we check in on the data series of new California weekly claims for unemployment insurance to see if there are signs of a recession. And each week, the numbers remain in pre-pandemic boom levels. The most recent data for the week ending June 3 are no different. As we noted recently, the UCLA Anderson Forecast continued in early June to provide two forecast scenarios: one with a recession and one without. So, we'll check in again next week.

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

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