Maybe; Maybe Not

Saturday, November 12, 2022

There are lots of anecdotes about layoffs in high tech in California floating around. Maybe these layoffs account for the uptick in new weekly state claims for unemployment insurance that we regularly follow. But the numbers are still low and at pre-pandemic (boom) levels. So, start of a recession? Maybe; maybe not.

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