Newsreel: U.S. small businesses grow; Twitter names female board member
U.S. small businesses add staff in November
WASHINGTON — U.S. small businesses added jobs in November for the second straight month, bolstering the view that job gains across the economy were robust during the month.
The Labor Department is expected to report today that employers of all sizes added 180,000 workers to their payrolls last month, just below October's pace of job creation but likely enough to lower the unemployment rate by a tenth of a point to 7.2 percent.
Small businesses have lagged gains in the overall job market during the recovery from the 2007-09 recession, but there are signs of improving sentiment.
In November, 51 percent of owners said they hired or tried to hire in the last three months. The Nashville-based National Federation of Independent Business said it was the highest level of hiring activity since October 2007, just before America's recession began.
Twitter names Scardino as first woman to join board
NEW YORK — Twitter has named former Pearson Chief Executive Officer Marjorie Scardino to its board after the microblogging service faced criticism that it lacked women in its top ranks.
The absence of women on Twitter’s board was “a joke,” Sallie Krawcheck, a former Bank of America Corp. executive, said last month at a Bloomberg LP conference.
It showed Silicon Valley was no better than Wall Street when it came to female representation, she said.
Facebook, which had a similar lack of representation when it went public in May 2012, now has two female directors, including Chief Operating Officer Sheryl Sandberg.