New statistics indicate that the job market is looking up in Silicon Valley.  This week the U.S. Bureau of Labor Statistics reported the pace of job growth in the South Bay was almost double that of California and nearly triple the nationwide rate.  It expanded by 3.2 percent during the 12 months ending in October, the highest metro rate in the nation.

This front-runner status has some wondering if we’re witnessing the advent of another “tech bubble” akin to the dotcom debacle of the past decade.  Stephen Levy, director of the Palo Alto-based Center for Continuing Study of the California Economy, says no, noting that that sector leaders such as Google, Apple and Facebook have real sales and real product plans.  Read more...