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Silicon Valley Hiring Boom And The National Job Picture

In the midst of still-high unemployment, there’s a hiring frenzy on for engineers in Silicon Valley. We’ll check it out.

The cafeteria at Google's Silicon Valley campus. (brionv/Flickr)

The cafeteria at Google's Silicon Valley campus. (brionv/Flickr)

Private data out this week showing more hope on the jobs and hiring front.

Payrolls up more than 200,000 a month so far this year, compared to just over 70,000 a month last Fall. There is still a huge overhang of unemployment to tackle.

In at least one corner of the economy, hiring is white hot — Silicon Valley is on a tear. Clamoring, competing for software engineers and the kind of folks that make Facebook run.

Salaries, perks, bonuses – all getting giddy. Free massage. Yoga lessons. Maybe a new bubble.

This hour On Point: Silicon Valley guns for new hires.

- Tom Ashbrook

Guests:

Marc Lifsher, business reporter for the Los Angeles Times.

Sophia Koropeckyj, managing director for Moody’s Analytics. She covers national labor markets.

Doug Henton, chairman and CEO of Collaborative Economics.

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ONPOINT
TODAY
Sep 22, 2014
President Barack Obama gestures during a statement in the State Dining Room of the White House, on Thursday, Sept. 18, 2014, in Washington. Obama spoke after Congress voted to arm and train moderate Syrian rebels in the fight against the Islamic State group. (AP/Evan Vucci)

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Demonstrators make their way down Sixth Avenue in New York during the People's Climate March Sunday, Sept. 21, 2014. (AP/Jason DeCrow)

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