The US Economy Added 156,000 Jobs in September
September’s much anticipated jobs report is here and the news is… ok. The US economy added 156,000 nonfarm payroll jobs in September. Economists’ expectations were once again dashed — they were looking for something closer to 170,000 — but there’s certainly nothing wrong with 156,000, even with the unemployment rate ticking up from 4.9% to […]
IMF Forecasts Slowing Growth for North America
The IMF’s World Economic Outlook is here and it’s… mixed. Globally, the IMF forecasts a 3.1% growth rate for the rest of 2016 (down from 3.2% in 2015) and 3.4% for 2017. Emerging economies are expected to grow at 4.2%, with India at 7.6% for both 2016 and 2017 and China at 6.6% in 2016, slowing to 6.2% in 2017. However, […]
Christine Lagarde Talked Tech and the Economy on Facebook Live
Christine Lagarde, the IMF’s managing director, joined the Wall Street Journal today for a Facebook Live interview on the role of technology in the international economy. The interview was just the start of a big week for Legarde. The IMF will hold its annual meetings this week in Washington and will release its World Economic […]
Wells Fargo Is Clawing Back Executive Bonuses
Earlier this month we learned that Wells Fargo fired thousands of front line bank employees for creating over 2 million “ghost accounts” for existing customers. Today the bank announced that they would be clawing back millions of bonuses from its executive team. The “ghost account” scheme allowed Wells Fargo retail bank employees, who are considered sales […]
3 Important HR Issues in Last Night’s Presidential Debate
3 Important HR Issues in Last Night’s Presidential Debate There’s a cluster of HR-related political issues that I’ve been keeping an eye throughout the Presidential primaries and now the general election campaign: immigration, job creation, parental leave and support, and trade deals. Last night, in their first debate Hilary Clinton and Donald Trump touched on […]
Looking Forward to the September Jobs Report
The September BLS jobs report will drop on Friday, October 7. With only one week to go and the US election heating up, I thought it was time for a look back on recent months and a look forward to our next report — what economic trends should we watch for, and what should we hope […]
