California unemployment claims dropped last week, but the filings represented an unhealthy share of the nationwide filings and were far worse than the typical levels seen amid the state’s robust pre-coronavirus economy.
Workers in California filed 68,200 initial claims for unemployment benefits during the week ending Oct. 2, down 10,500 from the 78,700 claims they filed in the week that ended on Sept. 25, the U.S. Labor Department reported Thursday.
The filings in California, however, remain far above what was customary before government officials shut down businesses and other activities last year to combat the spread of the coronavirus.
Plus, the unemployment claims last week in California represented more than one-fourth of all the claims that were filed in the United States in the same period, using comparable numbers that weren’t adjusted for seasonal variations.
The California jobless claims show that the statewide economy has yet to recuperate from the economic maladies that the coronavirus induced.
Nationwide, jobless claims totaled 326,000 last week, a decline of 38,000 from the prior week. These figures were adjusted for seasonal variations.
Using numbers that weren’t adjusted for seasonal volatility, unemployment claims nationwide totaled 258,900 last week, down 41,400 from the prior week.
This means California’s most recent unemployment claims represented a whopping 26.3% share of all the claims filed nationwide, using comparable figures that weren’t adjusted for the seasonal variations. California accounts for just 11.7% of the nationwide labor pool.
Plus, the most recent jobless filings in California were 52% higher than what was typical just before the government-ordered lockdowns began statewide.
During January 2020 and February 2020, the final two months before the shutdowns started, unemployment claims averaged 44,800 a week in California.