THE WEEK THAT WAS
WINNER: HCI Group, United Insurance Holdings
The bay area insurers made Fortune's list of the 100 fastest-growing firms for 2015.
LOSER: Residents of Signature Place
The 6-year-old St. Petersburg condo needs $8.7 million in repairs, forcing condo owners to pay special assessments.
Job growth since the recession has increasingly come in a surprising area: high-paying occupations. A Georgetown University study found that the U.S. economy now has about 1 million more jobs in occupations that rank in the top third of income, with average earnings of at least $53,000 a year for full-time employees. It includes occupations like software developers, registered nurses, financial analysts and physicians. More than two-thirds of workers in these occupations have employer-provided health insurance and just under two-thirds have employer-provided retirement plans. Meanwhile, many middle-wage occupations, those with average earnings between $32,000 and $53,000, have collapsed, with 900,000 fewer workers than before the recession, the report finds.
— Josh Zumbrun, Wall Street Journal