Still within the normal range

Saturday, April 09, 2022

Every week, we take a look at new claims for unemployment insurance in California as an indicator of the state of the labor market and economy. The data for the past few weeks have shown we are back at a pre-pandemic normal level, a Good Thing. Obviously, there are a lot of uncertainties concerning the economy at present. We should have some state revenue estimates through March soon from the state controller which will provide some clue about the state budget.

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