Tag Archives: Bloomberg

The Jobs Numbers: Who’s Hiring in America—and Who’s Not | Bloomberg

welderU.S. employers added 157,000 jobs in July, and the nation’s unemployment rate fell to 3.9 percent, according to data released Friday by the Labor Department. Meanwhile, average hourly pay for workers rose 2.7 percent from a year earlier, to $27.05 from $26.34.

Below are the industries with the highest and lowest rates of employment growth for the most recent month. Additionally, monthly growth rates are shown for the prior year. The latest month’s figures are highlighted. Wage data are shown when available.

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Billionaire Michael Bloomberg recommends being a plumber | Money Cnn

Former New York City Mayor and billionaire Michael Bloomberg has some advice for high school seniors: forget college, become a plumber instead. “Today if your kid wants to go to college or become a plumber, you’ve got to think long and hard,” said Bloomberg Monday at the annual meeting of Wall Street trade group SIFMA.

“If he’s not going to go to a great school and he’s not super smart academically, but is smart in terms of dealing with people and that sort of thing, being a plumber is a great job because you have pricing power, you have an enormous skill set,” he said.

The founder of financial data and news services company Bloomberg L.P. even went as far as to say that students considering Harvard should do the math. You could pay $50,000 to $60,000 a year to Harvard or you could make that much as an apprentice plumber, he explained.

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