Monday's economy & business stories

Netflix's subscriber growth slows
Netflix, which has been heavily banking on its original content like "House of Cards" and "Orange Is the New Black" to drive its streaming business, saw a slowdown in subscriber growth in the first quarter of 2017. Netflix added nearly five million total subscribers in the first three month of the year, significantly fewer than the record seven million it added the previous quarter.
Q2 forecast: With that said, Netflix expects to get back on track next quarter as far as its annual goals, calling these quarterly variations "mostly noise in the long-term growth trend and adoption of internet TV."
Why it matters: So far, the most important aspect of Netflix's quarterly results has been its subscriber growth—it's how the company reassures investors that it can continue to make more money.

Trending in business: Favoring millennials
"Older Workers Challenge Firms' Aggressive Pursuit of the Young: In one class action against PricewaterhouseCoopers, two men say they were rejected because they lacked the youthful profile possessed by many PwC recruits," by Wall Street Journal's Jacob Gorshman.
- The trigger: "[T]he percentage of new hires who are recent college graduates is up by more than 40% from a decade ago."
- A sad stat: "Unemployed workers between 45 and 54 have been unemployed for an average of 10 weeks longer than jobless Americans between 25 and 34."
- The legal backdrop: "[F]avoritism toward millennials, the suit alleges, violates the federal Age Discrimination in Employment Act.... [T]he idea that company recruitment efforts aimed at students and recent graduates can be unlawful is a controversial premise that no federal appeals court has ever endorsed."
Why it matters: "Courts have looked at the question more closely in the aftermath of a recession that saw many seasoned workers lose their jobs and toil to find new ones. Advocates for older Americans say age discrimination in hiring is driven by a common misperception that younger workers are more productive, creative, trainable and cheaper."

The gender gap in engineering and computer science
Computer science and engineering have become two of the most lucrative degrees in the U.S., but only a fraction of women are choosing to go into those fields of study. Instead, women are overwhelmingly represented in psychology, biology, and social science programs, according to new data from the National Student Clearinghouse Research Center.
Why this matters: The gender gap among the specific degrees within the "the sciences and engineering" field is actually much wider than universities might let on. It also illustrates the importance of examining why women are underrepresented in some fields and how to address that.

