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Solid Growth The American economy (GDP) grew at a 5.7% real (after inflation) annualized growth rate during 2009’s final quarter, the strongest growth pace since the third quarter of 2003. Most forecasts were closer to a 4.7% real annual pace. GDP, or gross domestic product, is the most broad-based measure of goods produced and services provided within U.S. borders. . . . more	The Unions of the States This report reviews unionization rates, the size and composition of the unionized workforce, and the wage and benefit advantage for union workers in each of the fifty states and the District of Columbia, using the most recent data available and focusing on the period 2003-2009. Pooling data from the monthly Current Population Survey (CPS) over that period yields a sample size large enough to look at the experience of even the smallest states . . . more Inventories Lead to Jump in 4th Quarter GDP Growth GDP grew at a 5.7 percent annual rate in the fourth quarter, driven by a sharp decline in the rate at which firms are reducing their inventories. Taking out the effect of inventory fluctuations, final sales of domestic product increased at a 2.1 percent annual rate. . . . more NIRS Fact Check: recent report by the American Legislative Exchange Council on state pension funds National Institute on Retirement Security responds to a recent ALEC report on state pension funds that contains serious factual errors and omits relevant contextual information. To read the ALEC report posted to PPO last week please visit: ALEC Report . . . more "Whoever said money can't buy happiness didn't know where to shop." - Gertrude Stein
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Public Pensions Online's industry leading archive holds thousands of articles, reports and studies. Use our convenient Search feature or browse by department.	The Unions of the States This report reviews unionization rates, the size and composition of the unionized workforce, and the wage and benefit advantage for union workers in each of the fifty states and the District of Columbia, using the most recent data available and focusing on the period 2003-2009. Pooling data from the monthly Current Population Survey (CPS) over that period yields a sample size large enough to look at the experience of even the smallest states . . . more The unemployment rate fell from 10.0 to 9.7 percent in January The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs. . . . more NH: NH bill would stop pension ’padding’ A bill in the New Hampshire Legislature aimed at pension "padding" would base payments on public employees’ highest level of base salary at the time they retired. . . . more NV: Red Ink The bill for the state's unfunded pension liabilities could come a lot sooner than anyone expected. . . . more CO: Colorado Senate passes bill to help public pension plan The Colorado State Senate has passed legislation to shore up the state's Public Employee Retirement Assn., which has unfunded liabilities of nearly $30 billion. . . . more CA: Case Tossed Against 5 San Diego Pension Officials The California Supreme Court on Monday tossed out charges against five of six former members of San Diego's troubled pension board who had been accused of casting votes that personally benefited them. . . . more Big state pension funds back climate-change disclosures The country's two largest public pension funds -- the California Public Employees' Retirement System and the California State Teachers' Retirement System -- are applauding the U.S. Securities and Exchange Commission for a groundbreaking ruling on climate change. . . . more MA: Patrick proposes pension overhaul Gov. Deval L. Patrick on Tuesday proposed an overhaul of the state's pension system, including a cap on the amount of a pension and increasing the retirement age for employees . . . more Click here to view more News
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