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The Latest Breaking News from Unemployment

10 lakh jobs in 1.5 years: Why Varun Gandhi thanked BJP's bete noire Owaisi

NEW DELHI: It could not have been better timed. Just on Monday, dissenting BJP MP from Pilibhit in Uttar Pradesh Varun Gandhi had thanked All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi for reading out his figures on unemployment in government departments during a public rally. The very next day,…

The Times of India

The last two recessions hit young people hardest – here's how you can protect yourself for the next one

After the pandemic and now a cost of living crisis, it seems unthinkable that the economic situation could get worse. But experts are pretty certain that the UK economy will flatline in 2023, and some are even murmuring that a recession could happen this year.

The Conversation

Pound falls to lowest level since pandemic crash

Unemployment rise and prospect of new Scottish independence referendum fuel recession fears

The Guardian - UK

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Unemployment has decreased, says latest labour force survey

Data show rate of joblessness fell to 4.2% in 2020-21, compared with 4.8% earlier

The Hindu

Unemployment in Scotland remains at record low

The unemployment rate for those aged 16 and over between February and April this year was 3.2%

Insider UK

East Midlands' unemployment rate is second lowest in UK – but concerns growing about filling key jobs

Chamber boss: 'There is a major constrain on businesses when it comes to finding the staff they need to fill key jobs'

Birmingham Post

Weak UK pay and jobs figures hint at tougher times ahead

Analysis: Slow earnings growth and unemployment rise do not mean labour market is collapsing, but they could be a sign

The Guardian - UK

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Unemployment rises in North East and remains highest in the UK

The rise in regional unemployment brings an end to four consecutive falls in the number of people out of work

Chronicle Live

10 lakh persons to get government jobs in 18 months, announces PM Modi

Unemployment has emerged as one of the major challenges before the Modi government after two years of the pandemic and its attendant economic woes

The Hindu

Average UK wages fall at fastest rate for more than two decades

Inflation and soaring energy bills cause squeeze on living standards, as unemployment rises slightly

The Guardian - UK

Pound slides against dollar and euro; falling real wages mean ‘year of pain’ – as it happened

Sterling is hit by fears over slowing economy, tensions over Northern Ireland protocol, and push for new Scottish referendum

The Guardian - UK

Real wages plunge at record rate as cost-of-living crisis takes hold

Bankers toast huge bonuses and average pay rise of 10.6 per cent as nurses and teachers see value of earnings fall sharply

The Independent UK

Oregon Employment Department announces increased unemployment insurance benefit minimums and maximums

The Oregon Employment Department (OED) announced the minimum and maximum unemployment insurance benefit amounts would increase about 7% for regular claims filed on or after July 3, 2022. The minimum amount will increase from $171 to $183 per week, and the maximum amount will increase from $733 to $783 per…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 200,000

New applications for U.S. unemployment insurance benefits rose 27,000 for the week ending June 4 to a seasonally adjusted 229,000. The previous week’s figure was revised up from 200,000 to 202,000. The four-week moving average as of June 4 rose to 215,000 from a revised 207,000 as of the week…

Ballotpedia

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Wales Online

What is a recession and what would it mean for you

There are fears the UK is heading into a serious economic downturn

The Conversation

Inflation hits fresh 40-year high, pushing Fed to get more aggressive with interest rates – and the 'Beveridge curve' should give it courage to do so

Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there’s concern it could cause unemployment to spike, a little-known economics indicator suggests the Fed can do so without…

ABC News

What is Centrelink's new employment services program, Workforce Australia? How will it affect jobseekers?

Jobactive — the Australian government's main employment services program — has been replaced by a new service called Workforce Australia Employment Services Provider. Here's how the change will affect your job search.

The Hindu

KTR pens open letter to PM on unemployment issue

TRS leader blames Centre’s policies for PSUs’ sale, job loss

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Tribune News Service

US jobless claims rise by most since July during holiday week

Applications for US state unemployment insurance rose by the most in nearly a year during the week that included the Memorial Day holiday.

The Independent UK

More Americans apply for jobless benefits last week

More Americans applied for jobless aid last week but the total number of Americans collecting unemployment remains at a five-decade low

ABC News

Fear and confusion from jobseekers as 'dramatic' changes to Centrelink mutual obligations loom

Major changes to employment services begin in under a month – but many of the 800,000 jobseekers who’ll be affected are still unclear on exactly how.

Reason

Biden Says the Deficit Is Falling. Actually, It's Rising.

Under Biden, Trump, and Obama, government federal spending almost doubled.

Reason

Watchdog Report: At Least 20 Percent of Federal Pandemic Unemployment Dollars Wasted

A new report from the Government Accountability Office found that nearly $80 billion was paid out to ineligible beneficiaries or outright fraudsters.

The Independent UK

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

Tribune News Service

UAW flexes muscle with strike pay hike ahead of Detroit Three talks next year

The United Auto Workers on Tuesday increased its weekly strike allowance for members to $400 per week from $275, a signal of strength ahead of the union next year approaching the bargaining table with the Detroit Three automakers, according to experts.

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