Gavin Newsom’s unemployment failure

Experts say California must now raise its unemployment insurance tax from the current 1.2% on the first $7,000 of wages to more than 3.5%. Combining both state and federal unemployment levies, … Experts say California must now raise its unemployment insurance tax from the current 1.2% on the first $7,000 of wages to more than…

Read More

Inflation’s Last Mile Will Test the Fed

By The Federal Reserve’s difficult task suddenly looks even harder. The central bank’s goal has been to restrain demand enough to push inflation gently back to its 2% target without tipping the economy into a recession. Up to now, its strategy has worked well: Inflation has fallen sharply from its post-Covid peak and the economy…

Read More