Golden Sierra Workforce Development Board Labor Market Update

Golden Sierra Workforce Development Board Labor Market Update Cara Welch, Labor Market Analyst May 21, 2020

Golden Sierra Number of Weekly New Unemployment Insurance (UI) and Pandemic Unemployment Assistance (PUA) Claims Source: CA Employment Development Department, Unemployment Insurance Branch Number of New PUA Claims Number of New UI Claims 15, 454 11, 935 7, 479 5, 139 3, 097 2, 989 1, 642 233 0 3/7/2020 5, 106 288 3/14/2020 3/21/2020 3/28/2020 4/4/2020 4/11/2020 4/18/2020 4/25/2020 5/2/2020 5/9/2020 2

CA Policy Lab Report on Unemployment Insurance Claims for CA Key Insights from mid-March to April 25 th Source: CA Policy Lab, An Analysis of Unemployment Insurance Claims in California During the COVID-19 Pandemic • The fraction of the labor force that filed initial UI claims since mid-March rose to 18. 8% statewide. • 80% of initial claimants report they expect to be recalled to their prior job. • Workers with a high school degree or less made up a higher portion of claims during the study period. • The number of initial claims has declined for three consecutive weeks, but claims in the week ending April 25 th were still eight times the pre-crisis average in February. 3

Industry Distribution of Total Initial UI Claims In Large Counties Since Start of Crisis in Mid-March until April 25 th Source: CA Policy Lab 4

For more information or assistance, feel free to contact me. Cara Welch cara. welch@edd. ca. gov (916) 227 -0298