Tech Jobs Flourishing Outside Silicon Valley
Technology has started to catch up to banking and consulting as one of the top industries for business school graduates, and it’s not just Silicon Valley schools producing tech-hungry MBAs. A handful of B-schools in unlikely regions graduated more of their students into technology jobs in 2014 than any other industry, according to data the schools provided to Bloomberg for its 2015 business school rankings. A few schools in Utah,...
Stocks End Mixed Despite Jobs Data
New York — Stocks had a mixed reaction Friday to the surprisingly strong October jobs report as investors adjusted to the prospect of higher interest rates as early as next month. While the major indexes, on the surface, had a muted reaction to the jobs numbers, a look at the individual parts of the market showed investors were actively reshuffling their portfolios. Dividend-paying stocks, which are typically bought for their...
Jobs Data Ups Odds Of Hike
The U.S. job market has almost fully healed from the deep wounds of the Great Recession, raising expectations that the Federal Reserve will begin withdrawing its support for the recovery by the end of the year. Government data released Friday showed that the economy added a blockbuster 271,000 jobs in October — the highest amount this year and beyond analysts’ most optimistic forecasts. The unemployment rate dipped to 5 percent, and...
Economy Adds a Surprising 271,000 Jobs
Washington — An unexpected surge of hiring last month accompanied by strong wage gains suggests that the U.S. labor market remains solid and increases the likelihood that the Federal Reserve will make its first interest rate increase in nearly a decade next month. The Bureau of Labor Statistics said Friday that employers across a broad spectrum of industries added a net 271,000 new jobs in October. That is far more than most analysts’...
Bernanke Says Prosecutions Should Have Followed Crisis
Former Federal Reserve Chairman Ben Bernanke knows Americans have not forgiven him for the Wall Street bailout that saw greed in financial company executive suites go unpunished while regular people lost their homes, jobs and nest eggs in the financial crisis of 2008. “I can understand why they are angry,” he said. He says he is frustrated that he hasn’t been able to convince more Americans that his actions were necessary to avoid a...
