The California unemployment rate held steady at 7.3% in October, even as the state generated the largest increase in jobs in the nation. California employers added 41,500 nonfarm payroll jobs, followed by the 35,200 jobs added in Texas, according to the federal Bureau of Labor Statistics. Read more
Our running list of CA Fwd news coverage, alongside selected items on reform in California.
California, long bedeviled by daunting budget deficits, is likely to end the next fiscal year with $4.2 billion in reserve, with half that amount due to a budget-reform measure that voters approved on Nov. 4, according to the Legislature’s nonpartisan financial adviser. Read more
Public employees and retirees in California absorbed a potentially devastating court ruling a little more than a month ago: Pension benefits can be legally slashed if their employers go bankrupt. Read more
Among other points, the latest analysis from California Common Sense — Concentrated Disadvantage in California Schools: The New Status Quo by Kimberly Ang — found that 72% of California students now attend schools in which the majority of students are socio-economically disadvantaged. Read more
Notice from the Department of Finance that revenues flowing into state coffers are running slightly more than $1 billion ahead of forecasts made in June should come as welcome news to school administrators still digging out of the financial hole created by the five-year economic downturn. Read more