From Center for Jobs and the Economy <[email protected]>
Subject Unemployment Data Update: March through November 19, 2020
Date November 19, 2020 11:30 PM
  Links have been removed from this email. Learn more in the FAQ.
  Links have been removed from this email. Learn more in the FAQ.
Web Version [link removed] | Update Preferences [link removed] [link removed] Unemployment Data Update: March through November 19, 2020 Unemployment Insurance Claims

Initial claims for the week of November 14 were up, with total claims rising about the same in California and the US as a whole. Total initial claims in California rose 4.4% with initial claims in the regular program largely unchanged at a rise of only 0.4% but PUA claims up 26.3%. Nationally, regular program claims were up 2.5% and PUA claims up 8.1%. Combined, total initial claims rose 4.4% in the state and 4.1% in the US.

The most recent numbers reverse the largely stabilizing picture in California and the previous slow decline at the national level. With an upsurge in cases being reported nationally and the governor’s decision to impose yet another round of closures in many counties, these reversals are likely to take stronger hold in the weeks to come. During the week of November 9, the number of counties in the two most restrictive tiers increased from 30 to 34. That same week, the most recent Small Business Pulse Survey [[link removed]] results show 2.1% of small businesses in California closed a location temporarily (vs. 2.1% nationally), 2.3% closed a location permanently (vs. 1.4%), and 2.3% had closed their entire business (vs. 1.8%).

Backlog

The most recent backlog reports [[link removed]] from EDD show substantial performance improvements from prior weeks. At the current reduction rates, both the initial claims and continuing claims backlogs would be eliminated in under a month. Backlogged initial claims are defined as those “applications for benefits that take more than 21 days to issue a first payment or to disqualify the individual, regardless of if the claimant or EDD need to take some kind of action.” Backlogged continuing claims are defined as a “subset of all individuals who received at least one payment and are now waiting more than 21 days for further processing of payment or disqualification.”

Visit The Center For Jobs » [[link removed]] The California Center for Jobs and the Economy provides an objective and definitive source of information pertaining to job creation and economic trends in California. [[link removed]] Contact 1301 I Street Sacramento, CA 95814 916.553.4093 If you no longer wish to receive these emails, select here to unsubscribe. [link removed]
Screenshot of the email generated on import

Message Analysis