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The Latest Breaking News from Unemployment

U.S. adds 428K jobs as boom continues

Tiny cracks are showing, suggesting the jobs boom could fade.

Axios

Black and Asian unemployment rate more than double that of white people as recession looms

Black households face being disproportionately impacted by the cost of living crisis

The Independent UK

Economic Data Scheduled For Friday

U.S. jobs report for April is scheduled for release at 8:30 a.m. ET. Analysts expect nonfarm payrolls rising 400,000 in April, compared with a three-month average growth of 562,000. The unemployment rate is expected to remain unchanged at 3.6% in April. New York Fed President John Williams is set to…

Benzinga

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Three graphs that show UK’s looming economic turmoil

Millions face unprecedented spike in energy bills and second-biggest fall in living standards since records began

The Independent UK

‘Middle class affected by unemployment, polarisation’

BKC also expresses concern over Hindutva entering cultural and educational spheres

The Hindu

Falling jobless rate is set to complicate Fed’s inflation fight

The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.

Tribune News Service

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

The Independent UK

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Perpetrators of family violence sometimes use threats of suicide to control their partner

Men’s suicide is often linked to social and economic factors such as financial problems, legal issues and unemployment.

The Conversation

Stuart Rothenberg: Inflation, recession and the 2022 midterms

With six months to go until the 2022 midterm elections, the economic indicators continue to deteriorate for Democrats. While unemployment remains low and the economy continues to grow (except for a recent hiccup that few take seriously), inflation is up dramatically, and interest rates are spiking.

Tribune News Service

Minnesota governor signs bill to fund unemployment insurance account

Minnesota Gov. Tim Walz (D) signed a bill May 2 that will direct about $2.7 billion to the state’s Unemployment Insurance Trust Fund and repay the state’s $1.4 billion unemployment insurance debt to the federal government. The law also includes about $500 million to send $750 direct payments to 667,000…

Ballotpedia

Colorado legislators introduce bill to direct federal funds to repay unemployment insurance debt

Colorado legislators on May 2 introduced a bill that would direct $600 million of federal American Rescue Plan Act (ARPA) funds to help pay back the state’s $1 billion unemployment insurance trust fund debt to the federal government. The bill would also forgive certain non-fraud overpayments, meaning some workers who…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 180,000

New applications for U.S. unemployment insurance benefits fell 5,000 (2.7%) for the week ending April 23 to a seasonally adjusted 180,000. The previous week’s figure was revised up from 184,000 to 185,000. The four-week moving average as of April 23 rose to 179,750 from a revised 177,500 as of the…

Ballotpedia

10 Cities With The Highest Unemployment Rates

Since the U.S has been in the recovery stages of the COVID-19 pandemic, the labor market has recovered significantly; still, some cities are plagued with high unemployment rates.

Benzinga

Letters to the Editor — May 4, 2022

Address unemployment

The Hindu

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Tribune News Service

COVID has subsided. Why are so many people in California still seeking unemployment benefits?

SACRAMENTO, Calif. — Why are so many people in California still not working?

Roll Call

Inflation, recession and the 2022 midterms - Roll Call

The current economic issues of inflation and low growth could put Democrats at a disadvantage in the 2022 midterms.

AAP

Give unemployed a 'real chance': ACOSS

The peak welfare body says the next government should commit to full and sustainable employment, as rising interest rates threaten record low unemployment.

The Times of India

India's unemployment rate rose to 7.83% in April: CMIE

MUMBAI: The unemployment rate in the country grew to 7.83 per cent in April from 7.60 per cent in March, according to the Centre for Monitoring Indian Economy (CMIE) data.

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Ballotpedia

Minnesota House passes bill to fund unemployment insurance fund and send checks to frontline workers

The Minnesota House of Representatives passed a $3.7 billion bill on April 25 that would raise the balance of the state’s Unemployment Insurance Trust Fund and repay unemployment insurance debts to the federal government. The move would reduce the unemployment insurance tax burden on employers, which increased March 15 to…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 184,000

New applications for U.S. unemployment insurance benefits fell 2,000 (7.4%) for the week ending April 16 to a seasonally adjusted 184,000. The four-week moving average as of April 16 rose to 177,250 from a revised 172,750 as of the week ending April 9.

Ballotpedia

Missouri House passes bill that could reduce unemployment insurance benefits period to eight weeks during low unemployment

The Missouri House of Representatives passed House Bill 1860 94-41 on April 14, which would reduce the maximum length of unemployment insurance benefits to eight weeks during times of low unemployment. Missouri’s current program indexes unemployment insurance benefits, meaning it provides shorter periods of benefits during times of low unemployment…

The Conversation

Fed hopes for ‘soft landing’ for the US economy, but history suggests it won’t be able to prevent a recession

The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard.

Asharq Al-Awsat

Unemployment Rate Increases in Palestine

Figures released on Labor Day have revealed that the number of unemployed Palestinians had increased to 372,000 in 2021, compared to 335,000 in 2020. The Palestinian Central Bureau of Statistics issued a statement noting that unemployment rate among labor force participants in Palestine remained unchanged at about 26% in 2021.…

France 24

France: Low growth and inflation increase risk of stagflation

Income growth has stagnated as prices for essential goods and energy are on the rise. New figures from France’s National Institute of Statistics and Economic Studies (Insee) indicate that France could be entering a period of stagflation.

Reuters

Swedish govt vows to spend 5 billion crowns boosting unemployment benefit

Sweden's ruling Social Democrats said they intend to strengthen unemployment benefit in 2022, an election year, at a cost of around 5 billion Swedish crowns ($509.2 million) by making some temporary benefits introduced during the pandemic permanent.

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