Harvard Business Review jennifer maravillas for hbr Software businesses are disrupting generations-old industries, from agriculture to entertainment. Programming wizards are amassing billion-dollar fortunes, and this may be just the beginning. Even average tech employees in their mid-twenties are raking in 6-figure paychecks. Unfortunately, a huge section of the workforce cannot capitalize on these opportunities. In […] Read more

The FED Said By many measures, the U.S. labor market is humming. The unemployment rate is the lowest since 2000. Nonfarm payroll employment has increased every month for more than seven years.  Nevertheless, prosperity is bypassing large groups. For example, the percentage of African Americans and Hispanics in the labor force but living below the […] Read more

Harvard Business Review In 2016 John Stumpf, then the CEO of Wells Fargo, was called before Congress to explain a massive scandal. For more than four hours, Stumpf fielded a range of questions about why the bank, which had over $1.8 trillion in assets, had created 2 million false accounts, and, after the fraud was discovered, […] Read more

The FED Said In a recent post, we described the outlook for housing growth in the Atlanta Fed’s district as “slow and steady.” In this post, we look at what other Fed districts are hearing about housing growth and attempt to reconcile those anecdotes with recent signs from the Atlanta Fed’s GDPNow. The most recent Beige Book  characterized […] Read more

From Harvard Business Review The subject of sexual misconduct at work is dominating mainstream conversation and board room agendas. This doesn’t just mean men and women who run large global enterprises, Fortune 500 behemoths, film studios, and media platforms. The conversation is happening in small businesses as well. In the U.S. 43% of employees work in organizations with 50 […] Read more

Federal Reserve Bank of Atlanta Summary of Economic Activity Sixth District business contacts remained largely positive with most noting that economic conditions were improving at a modest pace over the reporting period. Most contacts expect continued slow and steady growth in the near-term. Business contacts experienced on-going labor market tightness but limited wage growth. Non-labor […] Read more

The FED Said In 2017, the unemployment rate averaged 4.4 percent. That’s quite low on a historical basis. In fact, it’s the lowest level since 2000, when unemployment averaged 4.0 percent. But does that mean that the labor market is only 0.4 percentage points away from being as strong as it was in 2000? Probably […] Read more