Stuck at Around 60 When We'd Like to See 40

Thursday, July 15, 2021

We continue to track new California weekly claims for unemployment insurance as an indicator of the direction of the labor market and state economy. For several weeks, after a general decline from the peak of the pandemic slump, California has been stuck with new weekly claims of a bit under 60,000 when it would be nice to see a return down to a pre-slump 40,000 level.

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