Daily Digest: March 09, 2015
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Today’s Featured Story…
Where the jobs are now
From CNN Money: Getting a job in America is a lot easier now. The economy has added nearly 3.3 million jobs in the past year. In February alone, 295,000 jobs were created — beating expectations soundly. And it gets even better: the U.S. has been adding jobs in many industries — another sign that things are moving in the right direction. If you're looking for employment, it's helpful to think about what fields are growing and where the highest wages are.
Oil Prices Fall as Supply Glut Weighs
From the Wall Street Journal: Oil prices started the week lower as investors turned their focus back on the global glut of crude. Crude oil futures have stabilized in recent weeks as investors saw declining drilling activity in the U.S. as a tentative sign that the global oversupply would soon start to abate. Analysts, however, caution that market fundamentals are still bearish, with U.S. inventories continuing to hit new records and some of the biggest Middle Eastern producers keeping their output stable despite the price rout.
Data brings more focus on timing of U.S. rate hike
From Reuters: U.S. stock investors may be bracing for further signs next week that the Federal Reserve could increase interest rates sooner rather than later, with retail sales expected to rebound after two straight months of declines.
The 10 happiest jobs in America
From USA Today: What makes one career path ultimately "happier" than the next is certainly subjective. According to writer and explorer Dan Buettner, it's not a huge salary, but rather plenty of social interaction that makes for a satisfied worker. "The happiest people in America socialize about seven hours a day," Buettner explains. Some might claim that other factors, such as flexibility, security, and prestige have more of an impact on overall satisfaction.
Obama seeks to boost training for high-tech jobs
From CBS News: President Obama will announce a 20-city drive to intensify job-specific training in the high-tech sector in a speech before the annual League of Cities conference in Washington Monday. Sources inside and outside of the White House confirm the approach is designed to be the one of the biggest federal-city efforts boosting non-college skills training in history.
Obama needs the aid of the GOP
The Washington Post says: Michael Froman received from a Harvard Law School classmate, Barack Obama, a job that validates the axiom that the unlikelihood of any negotiation reaching agreement grows by the square of the number of parties involved. In trade negotiations, even one's own country is troublesome, as the catfish conundrum illustrates. And the degree of difficulty in achieving a free-trade pact is proportional to the number of Democrats in Congress.
Outside the Box…
Apple Watch ready to start ticking
From USA Today: It's Apple's first foray into a new product category since 2010's iPad, and its debut in the growing wearables market. The watch will be previewed Monday at a press event in San Francisco, starting at 1 p.m. ET. Apple CEO Tim Cook is expected to lead the presentation, as he usually does, followed by other Apple execs, and developers who will present apps they've created for the watch.