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Sunday, August 20, 2023

Familiar chart; familiar conclusion


Blog readers will recognize the chart above which we present each week with updated data on new California weekly claims for unemployment insurance. If the much forecast and long awaited recession were at hand, claims should be shooting up. But they remain at pre-pandemic (boom) levels. Surely, someday there will be a recession. Someday, however, apparently isn't now.

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

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