RSS
The economy grows, office holiday parties shrink
Good day for green shoots, Bad day for holiday spirits
G

OOD DAY FOR: Green shoots, as the U.S. economy expanded 3.5 percent in the third quarter, the first uptick in GDP in more than a year, on federal stimulus dollars starting to kick in. The rate of expansion beat expectations, although optimism about an economic recovery is tempered by anemic unemployment numbers. (Bloomberg)

BAD DAY FOR: Holiday spirits
, as only 62 percent of offices are planning to throw holiday parties this year, down from 77 percent last year and 90 percent in 2007, according to Challenger, Gray & Christmas. “For companies that have recently announced layoffs or other significant cost-cutting measures, such as wage freezes, it would be difficult to justify, let alone get in the mood for a holiday party,” said CEO John Challenger. (Reuters)

EDITORS' PICKS

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Subscribe to the Week