California Sees a Rise in Unemployment Claims Last Week
Initial applications for unemployment benefits in California saw an uptick last week, according to the U.S. Department of Labor. The number of new jobless claims increased to 52,723 for the week concluding on January 27, marking an upturn from 47,124 the previous week. The data implies a growth in layoffs within the job sector. Nationwide, unemployment claims climbed to 224,000 last week, a rise of 9,000 claims from 215,000 the preceding week, once adjusted for seasonal variations. Oregon experienced the largest percentage increase in weekly claims, seeing an 84.9% upsurge, while South Dakota had the most significant percentage decline in new claims, recording a 40.3% drop.
Though recent headlines indicate an increase in layoffs at the beginning of the year, economists do not view this as a predictor of future labor market trends. Consistent strength in the labor market is crucial for the Federal Reserve to achieve a so-called soft landing, according to numerous economists. However, despite the changes, struggling to navigate the unemployment filing process can be a frustrating experience for many. If you’re unsure about how to contact EDD, there are resources available to assist you. A helpful source is eddcaller.com, which provides information about reaching EDD customer service, including phone numbers and tips for getting through to an EDD representative.