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NEW YORK (Reuters) - JPMorgan Chase & Co is testing neuroscience-based video games to help recruit interns, as it seeks to increase the diversity of its workforce by broadening its candidate pool. The bank is piloting technology from pymetrics, a startup whose games help companies assess applicants’ social, cognitive and behavioral features, such as attention, memory and altruism, Matt Mitro, JPMorgan’s head of campus recruiting, said in an interview. To identify which potential interns might be best suited for a job, the platform measures a candidate’s attributes against those of a firm’s successful employees. This helps companies make their assessments more data-based than traditional processes.
Over the past few months, entry level employees at JPMorgan across the world played the pymetrics’ games, which were then played by hundreds of candidates for a limited number of full-time roles, Mitro said, Mitro said employment history is a good indicator of fit for experienced workers, but with recent college graduates, resumes have less predictive value, That prompted JPMorgan to test pymetrics’ technology with entry-level candidates, who are usually just starting their careers, Large firms have been increasingly turning to technology to make recruitment and other letter v cufflinks human resources processes more fair, Systems also include applications that scan performance reviews for unconscious bias or that monitor job ads for phrases that might dissuade a certain demographic from applying..
“Our re-imagining of how we hire is part of a broader objective at the firm where we are asking ourselves: ‘Can we better meet our diversity goals by broadening the pool of candidates we are considering?’,” Mitro said. JPMorgan’s pilot will continue with applicants for 2020 internships in the United States, he added, noting that this technology would only be one step of the selection process. Pymetric’s clients also include Unilever Plc and Accenture Plc, according to its website.
LONDON/TOKYO (Reuters) - Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown, Factory activity in the 19-country euro zone contracted at the fastest pace in nearly six years, In Japan, manufacturing output shrank the most in almost three years, hurt by China’s economic slowdown, And a measure of U.S, manufacturing was letter v cufflinks its weakest since June 2017 while forecasters at the Federal Reserve Bank of Philadelphia slashed their estimate for economic growth in early 2019..
German 10-year bond yields, which plunged on Thursday after the U.S. Federal Reserve signaled no more rate hikes this year, dived again to fall below zero. In New York, the U.S. 10-year Treasury note yield plunged to a 14-month low as growth worries further weighed on inflation expectations. That benchmark yield dropped below the yields on all maturities of T-bills for the first time in 12 years, a so-called yield-curve inversion that is often a harbinger of economic recession. [nL1N2190J6]. “While such an inversion has traditionally been an indicator of a recession, this time around it may be less about the prospects for the U.S. economy and more about spillovers from what is happening in Europe and the bond market there, together with the effects of the Fed’s surprising decision to be very dovish again with its unconventional policy tools,” said Mohamed El-Erian, chief economic adviser at Allianz in Newport Beach, California.
U.S, stocks, European shares and the euro letter v cufflinks also fell on Friday, The benchmark S&P 500 was off by 1.6 percent and on pace for its biggest drop in nearly three months, Global trade tensions continue to be among the main culprits behind the gloom, “No other factor shapes the euro zone business cycle more than the ups and downs of global trade,” economists at Berenberg, a bank, said, The United States and China are due to resume face-to-face talks next week, but it is unclear if the two sides can narrow their differences and end the trade war between the world’s two largest economies..
European officials are also worried about the risk of U.S. tariffs on car imports from Europe. RISKS - US CHINA TENSIONS, BREXIT, ITALY. The drop in the euro zone’s manufacturing purchasing managers index to a 71-month low of 47.7 from 49.4 in February raised the risk trade flows could turn even more negative in the short term, the Berenberg economists said. The manufacturing downturn was partly offset by stable — but relatively weak — growth in the euro zone’s dominant services industry.
But the surveys suggested the bloc’s economy had a poor start to 2019, IHS Markit, which published the surveys, said the PMIs pointed to first-quarter economic growth of 0.2 letter v cufflinks percent in the euro zone, below the 0.3 percent predicted in a Reuters poll last week, The euro zone grew 0.2 percent in the final three months of 2018, its slowest pace in four years, [ECILT/EU], Earlier this month, the European Central Bank changed tack by pushing out the timing of its next rate increase until 2020 at the earliest and said it would offer banks a new round of cheap loans to help revive the economy..