While normally more subdued period following the holiday related traffic, the state’s ports broke February records as imports continued to surge. In total value, imports through the state’s ports climbed 23.7% from the year earlier. The number of TEUs (20-foot equivalent units; loaded and empty) moved jumped 46.92% in the Port of Los Angeles, 43.3% in Long Beach, and 6% in Oakland.
Total initial claims fell in California the week of May 1, while plunging twice as fast in the rest of the US. The US total was another pandemic low, while the California numbers bested the previous low reached 3 weeks ago.
Total initial claims rose in California the week of April 24, while continuing to drop in the rest of the US. The US total was the lowest since the PUA program began in May 2020. The California numbers were the third-lowest.
Highlights for policy makers:
COVID-19 and the State Economy
Employment: 1.245 Million Below Recovery
Labor Force Participation Rate Dips to 60.8%
Employment Growth Ranking
Nonfarm Jobs: 1.471 Million Below Recovery
Jobs Change by Industry
Employment Recovery by Region
Unemployment Rates by Legislative Districts
Unemployment Rates by Region
How Far Back Has the Economy in Each County Been Pushed?
MSAs with the Worst Unemployment Rates: Los Angeles 8th Worst in Nation
Total initial claims were largely level in California the week of April 17, while showing a significant drop in the rest of the US.
Continuing the high volatility of the past several weeks, total initial claims were down sharply in California during the week of April 10, while continuing the downward trend in the rest of the states that began in early March.
While normally more subdued period following the holiday related traffic, the state’s ports broke February records as imports continued to surge. In total value, imports through the state’s ports climbed 23.7% from the year earlier. The number of TEUs (20-foot equivalent units; loaded and empty) moved jumped 46.92% in the Port of Los Angeles, 43.3% in Long Beach, and 6% in Oakland.
Below are the monthly updates from the most current March 2021 fuel price data (GasBuddy.com) and January 2021 electricity and natural gas price data (US Energy Information Administration). Even during the current economic downturn, energy prices continued to rise due to state policies, putting additional pressure on total housing costs and adding to California’s highest-in-the-nation […]
Total initial claims in California experienced a sharp rise during the week of April 3 while easing in the US as a whole.
In California, initial claims processed in the regular program were up 36.6% compared to the prior week, while PUA claims climbed 47.5%. In the national totals, regular claims rose 2.5%, while PUA claims dropped 36.1% due to a deep shift in Ohio. Combined, total claims processed were up 38.1% in California and down 7.0% in the US numbers.
Highlights for policy makers:
COVID-19 and the State Economy
Employment: 1.253 Million Below Recovery
Labor Force Participation Rate Rises to 60.9%
Employment Growth Ranking
Nonfarm Jobs: 1.662 Million Below Recovery
Jobs Change by Industry
Employment Recovery by Region
Unemployment Rates by Legislative Districts
Unemployment Rates by Region
How Far Back Has the Economy in Each County Been Pushed?
MSAs with the Worst Unemployment Rates: Los Angeles 8th Worst in Nation
During the week of March 27, a rise in initial claims under the regular program outweighed drops in PUA claims by the self-employed.
In California, initial claims processed in the regular program were up 10.0% compared to the prior week, while PUA claims were down by 19.9%. In the national totals, regular claims rose 9.7%, while PUA claims were down by 1.7% due to large increases in Ohio. Combined, total claims processed were up 4.7% in California and 6.6% in the US numbers.
Initial claims dropped in California to a somewhat greater extent than in the rest of the US during the week of March 20. The number of California initial claims is the fourth-lowest since the week of March 21, 2020—a comparison that includes lower numbers due to ongoing administrative issues at EDD. The results for the US mark the lowest. Both levels, however, remain well above the pre-pandemic period.
Highlights for policy makers:
COVID-19 and the State Economy
Employment: 1.599 Million Below Recovery
Labor Force Participation Rate Drops to 60.0%
Employment Growth Ranking
Nonfarm Jobs: 1.793 Million Below Recovery
Jobs Change by Industry
Unemployment Rates by Region (not seasonally adjusted)
How Far Back Has the Economy in Each County Been Pushed?
MSAs with the Worst Unemployment Rates: Los Angeles 23rd Worst in Nation
Initial claims eased in California while dropping sharply in the rest of the US during the week of March 13.
In California, initial claims processed in the regular program were up only 1.7% compared to the prior week, while PUA claims dropped 25.1%. In the national totals, regular claims were up 3.4%, while PUA claims plunged 41.0% in large part due to a large drop in the Ohio numbers. Combined, total claims processed eased 5.2% in California but were down 14.3% in the US numbers.
Below are the monthly updates from the most current February 2021 fuel price data (GasBuddy.com) and December 2020 electricity and natural gas price data (US Energy Information Administration). Utility Bills Matter as Well Much of the legislation establishing the state’s climate change program elements has sidestepped the question of costs, to households, to employers, and […]