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The Latest Breaking News from Unemployment

Michael Hiltzik: Painful signs emerge that Fed is moving too far, too fast with aggressive rate increases

We have a term for the intentional infliction of pain on others: cruelty. So what are we to make of the Federal Reserve Board?

Los Angeles Times

Boston Fed's Collins says 'higher unemployment' needed

Susan Collins, the new president of the Federal Reserve Bank of Boston, said says that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but suggested any economic downturn would likely be modest

The Independent UK

UK on 'highway to hell' after 'most unjust' budget in decades says Labour's Jon Ashworth

Labour frontbencher Jonathan Ashworth told the Mirror the Government was “writing off” hundreds of thousands of jobless older people - and pledged to help them find employment

Daily Mirror

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Bandi creating venomous atmosphere in Telangana: Bhatti

‘State BJP chief did not have answers for rising fuel prices, unemployment’

The Hindu

More alarming numbers about the huge scale of pandemic fraud

A new estimate says $45.6 billion in fraudulent unemployment insurance claims were filed between March 2020 and April 2022.

Chicago Sun-Times

Kavitha asks BJP to check inflation, unemployment

HYDERABAD

The Hindu

Why You Should Care About The Latest Interest Rate Hike: From Mortgages To Personal Loans, Credit Cards And The Job Market

Wednesday marked the last day of summer as well as the confirmation of a new hike to the federal funds rate of 0.75%.

Benzinga

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U.P. government has no plans to give unemployment allowance: Employment Minister

The Minister was replying to a question raised by BSP leader Umashankar Singh in the legislative assembly

The Hindu

Jonathan Levin: Fed splits the difference on labor market pain

The Federal Reserve is inching toward acknowledging how painful its inflation fight is likely to be, but it’s still a lot closer to the optimists than the pessimists.

Tribune News Service

The Fed says this is going to hurt, but it matters who feels the pain

Higher unemployment could be on the way, the central bank suggests.

Axios

US jobless claims rise slightly, still near lowest since May

Applications for U.S. unemployment insurance ticked up from an almost four-month low, suggesting demand for workers remains healthy despite an increasingly uncertain economic outlook.

Tribune News Service

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

The Independent UK

Fed hikes interest rates amid rampant inflation, despite recession risk

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

France 24

U.S. weekly unemployment insurance claims fall to 213,000

New applications for U.S. unemployment insurance benefits fell 5,000 for the week ending September 10 to a seasonally adjusted 213,000. The previous week’s figure was revised down from 222,000 to 218,000. The four-week moving average as of September 10 fell to 224,000 from a revised 232,000 as of the week…

Ballotpedia

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Tribune News Service

Commentary: Beware: A quirk in state law could mean that California taxes federal student debt relief

Back in 2018, I was unemployed for eight months. Come April of 2019, I learned that while California doesn’t tax unemployment checks, the federal government does.

Bangkok Post

Brighter employment figures proof of recovery, claims govt

Thailand's economy shows sign of recovery, following a dip in unemployment to its lowest level since the start of Covid-19 pandemic.

The Hindu

Joblessness below pre-COVID levels: Finance Ministry

Q1 surge in private consumption not just a function of pent-up demand but also rising employment levels, it says

The Hindu

Bharat Jodo Yatra: Resolve problems gripping nation, Rahul Gandhi tells Narendra Modi

ALAPPUZHA Taking potshots at Prime Minister Narendra Modi, Congress leader Rahul Gandhi on Saturday

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The Times of India

Country's youth marking PM's birthday as 'National Unemployment Day', he must provide jobs: Congress

NEW DELHI: The Congress on Saturday claimed that in view of the "worrying" job situation in the country, the youth are marking Prime Minister Narendra Modi's birthday as "National Unemployment Day", and demanded that he provide employment to them as promised.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 222,000

New applications for U.S. unemployment insurance benefits fell 6,000 for the week ending September 3 to a seasonally adjusted 222,000. The previous week’s figure was revised down from 232,000 to 228,000. The four-week moving average as of September 3 fell to 233,000 from a revised 240,500 as of the week…

The Independent UK

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The New Daily

Economists discount unemployment rise amid ‘bright’ jobs outlook

Australia's unemployment rate ticked up for the first time in 10 months as more Australians looking for work offset a solid rise in jobs.

AAP

Qld unemployment rate lowest on record

The Sunshine State has registered its lowest unemployment rate since recording began in 1978.

The Guardian - AU

Australia’s unemployment rate rises slightly from 3.4% to 3.5% as more people seek work

Labour market figure will be watched by economists as a guide to Reserve Bank’s decision on whether to further raise interest rates

ABC News

Unemployment rises for the first time in 10 months despite continuing jobs boom

Australia's unemployment rate rises for the first time in 10 months, despite more than 30,000 jobs being added in August.

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