Walters: Bait and Switch on Pensions

Local officials, particularly those in California’s 400-plus cities, have been complaining loudly in recent years about pension costs, raising the specter of insolvency if they continue their rapid increase. Last year, the League of California Cities issued...

California’s Pension Debt Cannot Be Ignored

A decade ago, at Gov. Arnold Schwarzenegger’s request, I supervised a graduate student team that performed a comprehensive analysis of public pensions in California. The goal was to calculate California’s pe...
Photo of veterans job fair

Unemployment Hits 49-Year Low as US Employers Step up Hiring

WASHINGTON — U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low ...
Fourteen states have hit record lows for unemployment in the past year, according to the Bureau of Labor Statistics

14 States Have Seen Record-Low Unemployment

Eight states, including California, hit record lows for unemployment in March. That brings the number of states setting marks for low unemployment rates to 14 in the past year, according to the Bureau of Labor Statistics. The BLS has compiled employment ...