Job Openings at Record, Hires Not So Much

The BLS JOLTS report shows once again record high job openings.  While Wall Street cheers and proclaims the long bad jobs market over, not so fast.  Actual hiring still has not recovered to even the 2007 prerecession levels.  The Job Openings and Labor Turnover Survey shows there are 1.4 official unemployed per job opening for July 2015.

Steve Jobs Has Died

Steve Jobs has died. He was 56 years old. Pancreatic Cancer finally got him. This should come as no surprise since Mr. Jobs gave up his Apple CEO position earlier on August 24th.

This is a sad day for techies. Steve Jobs was the good one in terms of innovation and vision. To this day black hardware otherwise known as a NeXT computer is admired as one of the most brilliant and innovation systems to date. The operating system from the NeXT spawned eventually OS X, which propelled Apple back from the brink of extinction.

Apple has put on their entire front page a memorial to Steve Jobs with an email to share thoughts and condolences. Rightly so, his spirit is entwined throughout the company.

Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.

May his innovative spirit live on. MacWorld has created a biography of Jobs and noted he reigned as Apple CEO for 14 years.

Obama Chief Technology Officer Picks - Does Obama want to promote Outsourcing, H-1B & labor arbitrage of U.S. workers?

Obama's new CTO, or Chief Technology Officer is boiling down to two candidates. Guess what? Both of them are being said to promote offshore outsourcing, wage arbitrage and U.S. worker displacement through the use of guest worker Visas, the most notorious of these being H-1B.

Obama's choice Nears:

They are Padmasree Warrior, the chief technology officer of Silicon Valley networking giant Cisco Systems (CSCO), and Vivek Kundra, who holds the same title in the government of Washington, D.C., the sources say.

The two candidates offer President-elect Obama a clear choice of skills. Warrior, who previously was CTO at Motorola (MOT), represents hard-core technology expertise. Kundra, who was named to the D.C. post in 2007, has held similar government positions in the past and has a reputation for using technology to make government more open and inclusive

Silicon Valley Expect Massive Layoffs

Big Tech Prepares for Big Layoffs:

Rumors abound that AT&T (T), Yahoo (YHOO), and eBay (EBAY) will together release thousands of workers into the unemployment pool. Those will add to the mounting figures: Earlier this year, Sun Microsystems (SUNW)let up to 2,500 employees go; Nortel (NT) is cutting 2,100 jobs; Hewlett-Packard (HPQ) will reduce staff by nearly 25,000 following its acquisition of Electronic Data Systems; and even Google (GOOG) got into the game with the shedding of 300 jobs at DoubleClick.

According to the San Jose Mercury News, there are around 1,417,000 people out of work in California alone. That's up 413,000 from this time last year.

Thursday, Alley Insider posted an anonymous tip that Yahoo! will soon be axing 3,500 jobs.