Wells Fargo Keeping Current September 11, 2020

September 14, 2020By Robin EvenocheckNews No Comments

With the addition of 1.371 million jobs in August, employers have restored just under half of April’s 20.79 million job loss. The number of payroll jobs in August stood 7.6% below the February high water mark of 152.46 million jobs.1 The unemployment rate fell for the fourth consecutive month in August, dropping to 8.4% in … Read More

Wells Fargo Monthly Outlook May 2020

May 14, 2020By Robin EvenocheckNews No Comments

U.S. Overview Recovery Should Begin as States Start to Re-Open The measures that many state governors put in place to combat the spread of the COVID-19 outbreak led to a sharp decline in real GDP in Q1-2020. Incoming data suggest that economic activity will contract at an unprecedented rate in the second quarter, and we … Read More

Wells Fargo Keeping Current May 8, 2020

May 11, 2020By Robin EvenocheckNews No Comments

The nation’s payrolls fell by 20.5 million jobs in April, by far the biggest monthly decline recorded. The previous post-1949 record for most jobs lost before the coronavirus hit came in March 2009, when the economy shed 800,000 jobs.1 The unemployment rate shot to 14.7% in April, a post-WWII record. The highest unemployment rate during … Read More

RELO Network Asia Service Provision & School Update

March 12, 2020By Robin EvenocheckNews No Comments

Update provided by RELO Network Asia. Sharon Michnay President RELO Network Asia “Our team continues to take the necessary precautions to ensure the safe delivery of services to all our clients, assignees, and families.  As Covid-19 progresses throughout the world, we all face a rapidly changing environment. We are updating you on our current service … Read More

COVID-19 and Global Mobility Tax Issues Provided by GTN Tax Network, David Livitt

March 6, 2020By Robin EvenocheckNews No Comments

March 6, 2020 As coronavirus (COVID-19) continues to spread around the globe, many companies are beginning to issue travel bans on their staff—or certainly banning non-essential travel. Companies are also working to determine next steps for mobile employees who are on extended business trips or longer-term assignments. These employees may find themselves stranded in a … Read More

Wells Fargo Keeping Current 2.28.2020

March 3, 2020By Robin EvenocheckNews No Comments

Existing home sales slipped 1.3% in January to a seasonally adjusted annual sales rate of 5.46 million units. That’s the second-strongest pace in the past 22 months. In 2019, 5.34 million existing homes were sold, matching the sales total in 2018. The median price of existing homes sold in January was $266,300, a 6.8% gain … Read More

Wells Fargo Keeping Current

February 24, 2020By Robin EvenocheckNews No Comments

Payroll employment rose by 225,000 jobs in January. That’s the second-strongest performance in the past twelve months, surpassed only by November’s 261,000 gain. Last year, the monthly payroll gain averaged 174,700 positions, a 1.4% gain. All figures are seasonally adjusted.1 The unemployment rate in January inched up to 3.6% from December’s 3.5%, which is a … Read More