Posts Tagged: 7.5 percent

California jobless figures reflect uncertain economy

An illustration of employment in California. (Photo: David Carillet, via Shutterstock)

by SETH SANDRONSKY posted 10.29.2021

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%. 

CalPERS grapples with low earnings

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

by ED MENDEL posted 08.01.2016

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.