California unemployment increased to 12.5 percent last month, but the state actually added jobs for the first time in more than a year.

5W20BANK.JPG
Coming soon to a high school near you: the local bank. A number of high schools are opening their doors to financial institutions to teach finance to kids.
Home sales rise
Sacramento-area home prices are still falling compared to a year ago, but for the first time in almost 2 1/2 years, their decline can be measured in single digits.
CalPERS' chief financial officer delivered a pep talk of sorts Thursday on the pension fund's portfolio, disputing consultants who've cast doubt on its ability to recoup its losses.

A labor agreement for Philadelphia transit workers has been ratified overwhelmingly by union members.

Door closed on California tax credit for new homes this year
Jim Wasserman Say goodbye, finally, to hopes of extending that $10,000 tax credit for buyers of new unoccupied homes in California.


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Expert Q: Hi, This year we purchased a new Heating/AC unit that qualifies for the $1500 tax credit. We have more income tax withheld than our tax liability. So, I thought that we would receive the entire amount on our tax refund. My sister, who's a tax preparer, said this is not the case. Everything that I have read indicates this is a tax credit on taxes paid. So, shouldn't this be a refund if we have paid our entire tax liability?
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