California Jobless Rate Falls With Help of Temporary Jobs

SACRAMENTO — A raft of temporary government jobs for the U.S. Census boosted California's economic picture in August as the state added 101,900 jobs and saw its unemployment rate — now at 11.4% — fall below the high-water mark of the Great Recession for the fi...
Photo of Senate Majority Leader Mitch McConnell

White House Seeks $850B Economic Stimulus Amid Virus Crisis

WASHINGTON — The White House was asking Congress on Tuesday to approve a sweeping emergency stimulus package to help businesses and taxpayers cope with the economic fallout of the coronavirus pandemic. It's the most far-reaching economic rescue package since t...
Photo of a Now Hiring sign in front of a McDonald's in Miami

US Open Jobs Fall Sharply for 2nd Straight Month

WASHINGTON — U.S. businesses sharply cut the number of jobs they advertised in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market. “The trend in job growth...
Photo of Jerome Powell on a television at the New York Stock Exchange

Federal Reserve Proposes Loosening Rules on Bank Investments

WASHINGTON — The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds. The proposal would affect the so-called “Volcker Rule," which was created after the 2008 financi...

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...