Word: hirings
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...game is as much art as science, are nearly always wrong to some degree - you may recall that the recovery has been "on its way" since at least the beginning of 2001. (They at least have the decency to be constantly "revising" their forecasts.) But Wall Street firms still hire their own economists at big salaries, mainly to give the rest of the company a crystal ball to lean on - and to hide behind when it loses money...
...mention it's a nice little industry. Wall Street firms hire economists to tell them about the world and analysts to tell them about the companies in it; then they put the economists and analysts on TV to give the firm credibility with investors - which allows them to sell the research and reports to other firms and investors without research staffs of their own. And us? We pay mutual-fund managers, some of whom just can't seem to beat the S&P 500 with our retirement money no matter how hard they try, and hire brokers to throw...
...certain industries, especially those in which burnout and early retirement are common and demand for services is rising, the crunch has already arrived. As the population ages, hospitals can't find enough nurses or medical technicians. Drugstores are competing to hire pharmacists, bidding some beginners' salaries above $75,000. School districts and universities will need 2.2 million more teachers over the next decade, not to mention administrators and librarians, and are already avidly recruiting. Homeowners can't get their calls returned by skilled contractors, electricians or plumbers. Corporations are scooping up accountants and engineers. For job seekers who have...
...DRUGMAKERS Firms that dream up wonder drugs are in one of the few industries that have continued to hire in droves. Swiss-based Novartis AG, which has embarked on a major expansion in the U.S., hired more than 1,800 workers last year and plans to keep hiring at a brisk pace. That includes everyone from marketing and manufacturing staff to people in finance, human resources and, of course, research science. This array of jobs pays anywhere from $30,000 to $300,000 a year. Likewise, Abbott Laboratories hopes to fill 5,000 new positions this year, including posts...
...ENFORCEMENT Organizations--from the FBI and the CIA to the Coast Guard and the Defense, Justice and State departments--are revving up their recruiting efforts, looking for everyone from computer programmers, budding young diplomats and spooks to lawyers and linguists. The Immigration and Naturalization Service wants to hire thousands of new border-patrol guards and immigration inspectors to process and keep better track of new arrivals to the country; these positions require just a high school diploma and, with overtime, can pay around $40,000 in the first year...