Tag Archive for Economy

CalPERS Pension Benefits Generate $30 Billion in Economic Activity

CalPERS-Logo

More than $30 billion in economic activity was generated by retirement benefits paid by the State’s pension fund, according to a study released by the California Public Employees’ Retirement System (CalPERS). The CalPERS Economic Impacts in California report for the Fiscal Year ending June 30, 2012, highlights the vital role CalPERS plays in the State’s economy each year. The report demonstrates how CalPERS benefits and investments generate significant economic activity in the state, to stimulate business growth and increased tax revenues, and to support and create jobs for Californians.

Obama: Betting on America

President Barack Obama - Betting on America

Today, President Obama will kick off a two-day “Betting on America” bus tour through Northern Ohio and Western Pennsylvania. He begins his tour on the heals of promising economic news on the jobs front.

Two Choices: President Obama Sets Out His Vision for the Economy

Obama-Cleveland

In this election, we face a choice between two fundamentally different visions of how to grow the economy. The path Mitt Romney and his Republican allies want to take us down is exactly the one that led us to the 2008 crisis. We have to reject those policies and embrace the President’s vision of growing the economy, not from the top down, but from the middle class out.

February Job Numbers Good News For Obama Administration

Labor Secretary Hilda Solis, Photo: Chris Prevatt

Slow and steady improvement is the outlook revealed in today’s report on jobs for the month of February 2012 from the U.S. Department of Labor. The economy added 227,000 workers to nonfarm payrolls in February, the Bureau of Labor Statistics reported, while the unemployment rate held steady at 8.3 percent. That’s the lowest jobless rate since…

The Economy Turns the Corner

It’s an election year and the Republicans who were counting on riding a lousy economy into the Oval Office may have skidded off the road.  Two reports today — one showing robust job growth and declining unemployment from this morning and another showing the Dow Jones Industrial Average reaching its highest mark in 11 years…