The Latest Breaking News from Unemployment

Pritzker announces bipartisan deal with business and labor to pay off unemployment fund debt: ‘We can find common ground’

Pritzker announced the state had reached a deal via the agreed bill process to contribute $1.8 billion and add $450 million as an interest-free loan to the Unemployment Insurance Trust Fund. Lawmakers are in Springfield for the fall veto session — and changes to the massive criminal justice package…

Chicago Sun-Times · Nov 30, 2022

Bank of America sees inflation falling to this number by the end of next year—but it’ll take a recession to get there

Bank of America says a “mild recession” will raise the unemployment rate to 5.5% next year and cool inflation.

Fortune · Nov 29, 2022

New York audit indicates over $11 billion in unemployment insurance was stolen during the coronavirus pandemic

The New York Division of State Government Accountability (DSGA) released the results of an audit of the state’s unemployment insurance system on November 15 that indicated over $11 billion were lost to fraud between April 2020 and March 2021.

Ballotpedia · Nov 29, 2022

Factbox-Germany's welfare reform plan

German lawmakers have agreed a welfare reform to raise unemployment benefit payments and help train people who are out of work, with a view to addressing a skills shortage in Europe's largest economy.

Reuters · Nov 24, 2022

German lawmakers agree welfare reform to boost benefits, training

German lawmakers have agreed a welfare reform to raise unemployment benefits and help train people who are out of work, with a view to addressing a skills shortage in Europe's largest economy.

Reuters · Nov 24, 2022

Unemployment claims rise to 240,000, highest since August

The number of Americans applying for unemployment benefits rose the highest level since August but still remained low by historic standards

The Independent UK · Nov 23, 2022

France curbs unemployment benefits in bid to fill job vacancies

France is clamping down on unemployment payments, with the government on Monday announcing new rules that it’s hoped will return up to 150,000 people to the workforce early next year.

Radio France Internationale · Nov 21, 2022

Government debt won't necessarily burden future generations – but austerity will

In his autumn budget statement, Chancellor Jeremy Hunt said that the Conservatives don’t leave debts for the next generation. As such, he vowed to halve government borrowing over the next five years.

The Conversation · Nov 21, 2022

Nepal votes to elect new government to revive economy

Over 60 percent of Nepal’s eligible voters cast their ballots at the polls amid high inflation and unemployment.

Al Jazeera · Nov 20, 2022

Women are struggling to regain lost ground in the workforce after COVID-19

The COVID-19 pandemic has exacerbated social and economic inequalities between men and women in Canada.

The Conversation · Nov 20, 2022