Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

New CA Jobless Claims Down by 23K...But Don't Get Too Excited

shutterstock_jobless.jpg
Photo by Luna Vandoorne via Shutterstock
Stories like these are only possible with your help!
You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.

Did you sense that something was different this week? Something like...fewer new jobless claims?

If so, you should always trust your Spidey sense, because California reported the biggest drop in new jobless claims in the whole country this past week, according to the Los Angeles Business Journal. Claims went down by 23,689.

Before you get too excited, though, you should know that this figure looks a lot like just another spike in a roller coaster of a trend. This week, new claims were down, sure. But last week, they were up by 20,000. The week before, they were down by 15,000, and the week before that they were up by 2,000.

So hold off on throwing that "unemployment is over" party that we know you've been itching to plan. Too soon.