Stalled

Friday, August 27, 2021

Each week, we look at new weekly claims for unemployment insurance in California as an indicator of the direction of the labor market and economy. We now have data through the week ended August 21. And this index has stalled at around the 60,000 mark for weeks. We are not "roaring back" by this measure.

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