Our weekly look at new weekly California claims for unemployment benefits still fails to provide any definitive sign of the long-anticipated recession. We're still operating in the pre-pandemic boom range for that series.
Even those folks who claim to know everything and who have long forecast a recession are beginning to have doubts, as the picture below illustrates:
As always, the latest new claims data are at https://www.dol.gov/ui/data.pdf.
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