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The Latest Breaking News from Unemployment

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.

The Conversation

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.…

Asharq Al-Awsat

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.

France 24

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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.

Reuters

In the name of job flexibility, ‘Uberisation’ is spreading its tentacles across society

From health workers to beauticians, cleaners to academics, the erosion of our rights at work is setting us back a hundred years

The Guardian - UK

Lonely people are more likely to be unemployed in the future, study finds

Experts call for ‘greater recognition of the wider societal impacts of loneliness in the working age population’

The Independent UK

Jack Dempsey runs as independent as Hinkler voters rate federal election issues

A "safe" federal LNP seat has become an unexpected battleground where a former state government minister hopes to steal victory from his old party. Here are the issues voters say will matter most.

ABC News

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Editorial: Like pet rocks and bell bottoms,1970s bad economic news is back to haunt Biden

U.S. gross domestic product shrank 1.4% in the first quarter at the same time inflation continued to soar. For older Americans, that combination conjures memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The entire economic mess got dumped…

St. Louis Post-Dispatch

Some European energy firms consider paying for gas in roubles

Some European energy firms are considering a two-tiered payment scheme, which would comply with Russian demands for payments in roubles. German provider Uniper is among those arguing the system would comply with EU law – although Brussels has warned that companies could breach sanctions if they agree to the Kremlin's…

France 24

Can loneliness lead to unemployment?

A new bummer of a study suggests that isolation and joblessness can “interact and create a self-fulfilling, negative cycle.”

Mic

Fewer Americans file for jobless claims last week

The number of Americans applying for unemployment benefits last week fell again last week and remain at historically low levels

The Independent UK

Lonely people at greater risk of future unemployment, study finds

The risk of joblessness among those who said they were ‘often’ lonely increased by 17.5 percentage points over a three-year time frame.

The Independent UK

South Africa's COVID relief measures mostly excluded refugees: a neglect of duty

The early days of the COVID-19 pandemic in South Africa saw the government impose a lockdown in a bid to save lives. It introduced several interventions to cushion the impact of the crisis caused by the shutdown of economic activities on citizens. Among the measures were food aid as well…

The Conversation

Rahul Gandhi: Over 45 crore people lost hope of getting job due PM Modi's 'masterstrokes'

NEW DELHI: Congress leader Rahul Gandhi on Tuesday hit out at Prime Minister Narendra Modi over the unemployment issue, alleging over 45 crore people have lost hope of getting a job due to his "masterstrokes".

The Times of India

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The Conversation

How can more people be on unemployment benefits than before COVID, with fewer unemployed Australians? Here's how

So low is Australia’s unemployment rate, the official count says there are now just 580,300 people unemployed – the least since 2009, when Australia’s population was one-sixth smaller than it is today. Compared to just before the start of the pandemic, 184,800 fewer Australians are now unemployed.

Tribune News Service

There's a lot of talk about recession. What should you believe?

In spring two years ago, the coronavirus pandemic threw the U.S. economy into recession. Last spring, the proliferation of vaccines swung it into a rapid expansion.

Bangkok Post

Employment situation seen improving in first quarter

The unemployment situation in the first quarter is likely to improve boosted by healthy export growth and a gradual recovery of the tourism sector, according to the Employers' Confederation of Thai Trade and Industry.

Tribune News Service

Will the Fed cause a recession by raising rates? Here’s what experts are saying

High inflation comes with a heavy economic price, but so can the Federal Reserve’s attempts to get it under control.

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The Hindu

Andhra Pradesh: ‘Inefficient govt.’ has destroyed future of youth, alleges Naidu

‘Absence of investments and new industries has led to increase in unemployment’

Bangkok Post

Labour situation improves in first quarter

The unemployment situation in the first quarter is likely to improve boosted by healthy export growth and a gradual recovery of the tourism sector, according to the Employers’ Confederation of Thai Trade and Industry.

The Conversation

Companies are mitigating labour shortages with automation — and this could drastically impact workers

Last month, unemployment in Canada reached a record low of 5.2 per cent. Alongside low unemployment, many industries saw — and are still seeing — a worker shortage, with the number of job vacancies in Canada reaching 900,000 in January.

Al Jazeera

Explosion at Nigerian illegal oil refinery kills more than 100

Unemployment and poverty in oil-producing Niger Delta has made illegal crude refining an attractive but deadly business.

Asharq Al-Awsat

Explosion at Illegal Oil Refining Depot in Nigeria Kills over 100

An explosion at an illegal oil refining depot in Nigeria's Rivers state killed over 100 people overnight, a local government official and the NGO Youths and Environmental Advocacy Centre (YEAC) said on Saturday. "The fire outbreak occurred at an illegal bunkering site and it affected over 100 people who were…

The Guardian - UK

Fast, precise, too tough? Lockdowns risk stalling China’s economy

Strict response to virus buckles supply chains, hits consumers and sends unemployment soaring

The Independent UK

Fewest Americans collecting jobless aid since 1970

Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years

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