Saturday, November 20, 2010

Silicon Valley hiring on the rise !!

Good rainy evening! Saw an article today and thought I would share some of the highlights with you.

"Unemployment drops to 10.7 percent as 4,800 jobs are added in October"

Silicon Valley employers added jobs in October, and the unemployment rate in the San Jose metro area dropped to 10.7 percent. By contract, the combined unemployment rate in Santa Clara and San Benito Counties was 11.2 percent in September and 11.8 percent in October 2009.

Employers in the two counties added 4,800 jobs in October, with big seasonal gains in public and private educational services. The number of jobs in the professional and business services and manufacturing sectors were up more than usual for the month.

The total number of jobs in the San Jose-Sunnyvale-Santa Clara metro area was 858,300 up 0.5 percent from a year earlier. Manufacturing led the way, expanding by a net 4,000 jobs over the year. Within manufacturing, most of the gains were by computer and electronics makers.

Statewide, the unemployment rate was unchanged at 12.4 percent, although employes added 39,000 nonfarm payroll jobs. By contrast, the U.S. jobless rate was 9.6 percent in October.

Tuesday, September 21, 2010

Friday, September 3, 2010


This came from the Chicago Sun-Times today, 09-03-10.

Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury Bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow.

Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.

As I commented in my last posting, this is 'free' money. Does anyone remember the days of 15%, 18%, 21% mortgage rates? Umm.. guess that would telling our age now wouldn't it?

Have a nice Labor Day weekend. Until next time - "Live Aloha"..... Meg