In today's roundup: The unemployment rate falls, Money buys happiness, Super Bowl commercials, Ford recall, Google jobs, rising prices, and mooching Wi-Fi.
Only 36,000 jobs were created in January: much less than the 140,000 analysts had expected. But the unemployment rate ratcheted down from 9.4 to 9 percent – analysts had expected it to climb to 9.5 percent.
ADVERTISING: Super Bowl ad: Is $3 million worth it?
Will it really be worth paying $100,000 a second for a Super Bowl ad this Sunday? Of course, reports CNN. Especially when “close to 50 percent of viewers tune in to actually watch the commercials – more than they watch the game.”
New year, new recalls. But not Toyota this time. “Ford Motor Co. is recalling nearly 363,000 F-150 pickup trucks in North America because of a potential problem with the door handles not working properly,” MSNBC says. Doesn’t sound serious? Well, in a crash, it is – because the door can fly open. So far, no injuries have been reported.
It seems everyone in the world wants to work for Google. As it goes on a hiring spree, the biggest Internet search company has been deluged with 75,000 applications – and the company only has 24,400 employees. “The company is stepping up hiring as it pushes deeper into mobile services, display advertising and Internet applications,” reports Bloomberg.
ECONOMY: Prices starting to creep higher
About the only bright side to the recession is evaporating: The near-zero inflation rate of the past few years may soon be a memory. Prices are rising slightly, and economists expect a steady climb as the recovery gains steam,” USA Today says. “The uptick is largely driven by surging food, energy, cotton and other global commodity prices.”
We here at Money Talk News encourage you to save your pennies wherever you can, but not like this: “Some 32 percent of respondents to a recent national survey admitted borrowing a neighbor’s unencrypted Wi-Fi connection,” USA Today reports. “That’s nearly double the 18% who said they borrowed Wi-Fi in a 2008 poll.”
Turns out the old expression about money not being able to buy happiness is wrong after all: “After poring over data from 140 countries, researchers from The Wharton School concluded that the more money you have, the more satisfied you are with life.”