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Solid GrowthSolid 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 StatesThe 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 GrowthInventories 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 fundsNIRS 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


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News and Information
The Unions of the StatesThe 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


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