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Updated Unemployment Insurance Fund Forecast Shows Structural Deficit January 16, 2024
The administration's most recent Unemployment Insurance (UI) Trust Fund forecast shows that UI benefit payments will exceed state payroll tax receipts by $1.7 billion in 2024, after surpassing receipts by $1.3 billion in 2023. As a result, the state's outstanding UI loan from the federal government is set to increase over the next two years, despite automatic employer payroll tax increases to repay the loan.
Uptick in Unemployment Rate Triggered a Recession Indicator October 3, 2023
The recent uptick in the unemployment rate, from 3.8 percent to 4.6 percent, has triggered a state version of the "Sahm Rule," a real-time indicator of the start of an economic downturn.
Unemployment Claims Tracker December 9, 2022
Despite worrying signs in some parts of the economy, the labor market remains steady. Seasonally adjusted weekly UI claims held steady over the last several months at between 40,000 and 50,000 claims per week. This level is in-line with UI claims seen during periods of sustained economic growth.
December 2020 Jobs Report January 28, 2021
California lost 52,200 net jobs in December, as the pandemic surge slowed the leisure and hospitality sector.
Unemployment Claims Update: November and December 2020 January 20, 2021
A brief look at recent Unemployment Insurance claims and benefits.
2020-21 Fiscal Outlook: Recent Job Losses Concentrated Among Childless Workers, Dampening Caseload Growth December 8, 2020
In this post, we look at one unforeseen labor market shift that has important implications for the state’s fiscal picture: compared to past recessions, a larger share of workers who have lost jobs during the pandemic do not have children.
COVID-19 and the Labor Market: Which Workers Have Been Hardest Hit by the Pandemic? December 8, 2020
The California labor market collapsed in late March and early April due to the coronavirus disease 2019 (COVID-19) pandemic. In response to COVID-19, state and local officials took steps to limit the spread of the disease. The Governor issued a statewide stay-at-home order on March 19. Since that time, public health officials have issued various directives limiting daily activities. These efforts, as well as health concerns, depressed economic activity across the state. As a result, many employers cut jobs. In this post, we take a closer look at how the pandemic has affected different industries and different types of workers in California.
Weekly Unemployment Claims Update: October 4 - October 10 October 19, 2020
Observations on this week's unemployment insurance claims data.
Weekly Unemployment Claims Update: September 27 - October 3 October 9, 2020
Observations on this week's unemployment insurance claims data.
Weekly Unemployment Claims Update: September 20 - September 26 October 2, 2020
Observations on this week's Unemployment Insurance caseload.
Weekly Unemployment Claims Update: September 13 - September 19 September 25, 2020
Observations on this week's unemployment insurance caseload.
Weekly Unemployment Claims Update: September 6 - September 12 September 18, 2020
Observations on this week's unemployment insurance caseload.
Weekly Unemployment Claims Update: August 30 - September 5 September 11, 2020
Observations on this week's unemployment insurance caseload.
Weekly Unemployment Claims Update: August 16 - August 22 August 31, 2020
Observations on this week's unemployment insurance caseload.
Weekly Unemployment Claims Update: August 9 - August 15 August 21, 2020
Observations on this week's unemployment insurance caseload.