Weak September jobs report

CNNMoney reported that the U.S. economy only added 142,000 jobs in September and the number of jobs created in July and August were revised down. Economists surveyed by CNNMoney predicted there would be 204,000 jobs gained in the month. With the disappointing report, the unemployment rate stayed at 5.1%, its lowest level in seven years. The weak September jobs report could be a sign that slowing global economic growth is beginning to hurt the U.S. job market. At least one large U.S. company — Caterpillar — cited the global slowdown for announcing 10,000 job cuts over the next few years. Uncertainty abroad can…

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Latin American growth fuels need for talent, but from where?

Immigration to North America and Europe from Latin America remains high, but a reverse migration is underway. The region’s improving economies and political stability have sparked a return by highly trained, experienced professionals. Closing salary gaps and the growth of IT, finance and tech industries have resulted in talent shortages in Latin America, and uncertainties in Venezuela and Argentina are motivating professionals there to relocate within the region. The political, cultural and economic landscapes in Latin America have been on an upswing throughout the 2000s, its upward trajectory driven by Brazil, Chile and Mexico. The UN has predicted that the…

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