Move along. Nothing to see here.

Our quest to find signs of the long-anticipated recession continues. Last week, there was maybe a hint of something happening when new California claims for unemployment compensation seemed to be on the rise (although still low). 

We noted then that it might just be a blip. And the latest figures suggest it was, as the numbers ticked down. So, we continue to wait for a sign.

As always, the latest claims data are at:

https://www.dol.gov/ui/data.pdf.