Posts Tagged: 7.5 percent
An illustration of employment in California. (Photo: David Carillet, via Shutterstock)
California employers added 47,400 nonfarm payroll jobs in September, the state reported, sending a mixed signal about the state’s economy with less than half of August’s 104,300 new hires. The Employment Development Department said September’s unemployment rate of 7.5% matched August’s 7.5%.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
Calpensions: Twice in recent decades CalPERS fell below 100 percent of the funding needed for promised pensions, and twice CalPERS climbed back. But since a $100 billion investment loss in 2008, the CalPERS funding level has not recovered.