28 States have reduced Unemployment rate in October

Unemployment rates fell in 28 states in October while nonfarm payroll employment increased in 34 states, the Bureau of Labor Statistics reported Friday.

Illustrating the generally better trend, the states that have long held the highest and lowest jobless rates in the country each saw improvement last month.

Nevada, which has led the nation in unemployment nearly every month since early 2010, had a rate of 9.3%. That's a tenth of a percentage point below September's and a full percentage point lower than October 2012.

The Silver State is recovering slowly from the housing bust and recession. Construction jobs are still more than 60% off their pre-recession highs and even the much-stronger leisure and hospitality sector remains 5.5% below its 2007 jobs peak.

North Dakota, its fortunes lifted by an energy boom, has enjoyed the nation's lowest unemployment rate since late 2008 and kept that distinction in October. At 2.7%, its jobless rate was a tenth of a point lower than September's and half a point lower than a year earlier.

The national jobless rate last month was 7.3%, up from 7.2% in September.

US Economy Starts to Shine Brighter

There is encouraging trend report on top level economy and money available in the system. The US Budget deficit may reduce to $642 Billion by the turn of Fiscal Year 2013, according to Congressional Budget Office (CBO). 

US Budget Deficit Trend 2013

CBO sees brighter economy ahead, light at end of the tunnel ! This is largely because of the raise in revenues and large tax contributions from individuals and corporations. 

The deficit forecast for the current fiscal year by $203 billion from estimates made in February to $642 billion - making it the smallest budget shortfall since 2008.

The CBO said the deficit will fall to $378 billion by 2015 with no congressional action - a sharp contrast to the $1 trillion recession-driven deficits in each of President Barack Obama's first four years in office.

CBO's Budget Projection

The revisions are driven largely by rising tax revenue from individuals and corporations as the economy sputters back to life. They also reflect stronger contributions to U.S. Treasury coffers from government-run mortgage finance groups Fannie Mae and Freddie Mac.

"Because revenues, under current law, are projected to rise more rapidly than spending in the next two years, deficits in CBO's baseline projections continue to shrink, falling to 2.1 percent of GDP by 2015," the CBO said in its report.

Tesla Model S Takes Hot Seat

Well you know about Tesla. The electric car manufacturer. It is reported that Tesla Model S has outsmarted Mercedes S class, BMW 7 series and Audi A8 in the Q1 2013 Sales! Amazing story indeed!

Tesla designs and manufactures electric vehicles including the Roadster, Model S, and Model X. Tesla's goal is to produce increasingly affordable electric cars.

The model specifications also look very impressive with modern and safety features. As we prepare to embrace alternate energy cars and looking for have Green world, this definitely is great news. We hope Tesla manufactures more affordable class also very soon.

Syndicated news article excerpts from Tesla in news

Those Jobs Pay Six Figure Salary in Canada

Ontario,Canada recently released its annual "Sunshine List" a public record that lists the names of public sector employees making more than $100,000 annually (more than double Canada’s national average salary of $47,200). 

Growing in size by more than 11% from last year’s $100,000 club, the list include some surprising members including parking attendants and teachers who make more than the average lawyer. Here are five careers with above-average earning potential.

• Teachers
• Police officers
• Firefighters
• Nurses
• Paramedic

Though high-paying careers are often tied to corporate cubicles and a nine-to-five schedule, Ontario’s Sunshine List proves that Canadians wanting to work on their feet can find jobs with above-average earning potential.

Here is full information for further reading.

Amazon 3D Smart Phone

There has been increased level talks that Amazon is getting ready to manufacture and release 3D Smart Phones from its Lab126 initiative, as per WallStreet. 

It is reported that Amazon is "developing a wide-ranging line-up of gadgets," including two smartphones, one of which will have a 3D screen. Citing multiple anonymous sources, the Journal says the 3D-capable smartphone will not require special glasses and may even let users navigate just by moving their eyes.

In addition to the two smartphone models, Amazon is also said to be working on a device for streaming music and a set-top box, the latter of which was also reported by Bloomberg BusinessWeek last month

The high-end smartphone has a screen that enables users to see 3D images without special glasses, people familiar with the company's plans told the newspaper. The smartphone would use retina-tracking to project images that float above the screen and appear in 3D from all angles, according to the sources.

Not surprisingly, Amazon is not commenting on the reports. Wall Street doesn't seem too sure what to make of the 3D smartphone idea. Amazon's stock price jumped from $258.80 to $263.50 before settling back to $260 in Thursday trading.

Facebook May Take Over WAZE the Mobile Mapping Service

Facebook Inc is in forward-looking discussions to acquire Israeli mobile satellite navigation start-up Waze for $800 million -  $1 billion, business daily Calcalist reported on Thursday.

The transaction, which would be Facebook's major acquisition, would give the social networking company a mapping service and allow it to better compete with Google Inc and Apple Inc.

Maps and navigation services have become a key asset for technology companies as consumers increasingly adopt smartphones and other mobile devices.

Waze uses satellite signals from members' smartphones to generate maps and traffic data, which it then shares with other users, offering real-time traffic info.

It will be interesting to watch in next few days how and where this deal is going to be finalized and changes take place thereby!

LinkedIn Decade of Innovation

Professional Networking Site LinkedIn completes 10 years! 
A decade of innovative solution and networking globally.

I personally have been a big fan of them since they started and able to connect with some of the finest professionals around the world in Information Technology industry. Their platform enabled me to learn more about executive profiles, reaching them with focused messages, helping them understand my organization's background even before talking.

I sure hope that LinkedIn would continue to innovate and provide world class services in many years to come. Wishing them continued success and Kudos to all those men and women who burn the midnight oil behind the scenes to make this happen.