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Sunday, August 27, 2023

The More Things (Don't) Change, the More They Stay the Same


Our weekly search for signs of recession from new California weekly claims for unemployment insurance shows a series without much change from last week. We are still at levels seen before the pandemic when the labor market was booming. Now some other indicators suggest a slowing in the economy, but we are not in recession territory.

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

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