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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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