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The Latest Breaking News from Unemployment

Global Unemployment Set To Worsen In 2024: UN

The global unemployment rate will increase slightly in 2024, the United Nations said Wednesday as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income.

International Business Times

UN Predicts Modest Rise in Global Unemployment by 2024

Get ready for a modest rise in global unemployment! The UN labour body predicts a slight bump in joblessness by 2024. Time to brace for a job-hunting adven...

Top News

Three Arkansas unemployment insurance laws take effect

Three unemployment insurance laws in Arkansas went into effect on January 1, 2024. Together, Acts 106, 196, and 587 reduce maximum unemployment insurance benefits, establish the contribution rate of employers, disqualify an individual from receiving benefits under certain circumstances of refusing a job offer or failing to attend a job…

Ballotpedia

UK economist says increase in county unemployment stats related to anti-inflation efforts

The state Education and Labor Cabinet’s new unemployment figures show jobless rates rising in nearly every county from November of ’22 to last November.

WEKU

Fed critics must admit: Powell has delivered the mythical soft-landing

The mix of slowing inflation, moderating growth and a resilient job market can no longer be ignored. The Fed chief has delivered on his mission to reduce inflation with no recession.

The Street

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December Jobs Growth Comes in Hot: What the Experts Are Saying

A stronger-than-expected jobs report clouds the picture for interest rate cuts.

Kiplinger

Mixed Jobs Report Keeps Fed Rate-Cut Hopes Alive; S&P 500 Wavers

The December jobs report was softer than the headlines, but S&P 500 futures fell and yields jumped as near-term Fed rate-cut odds slipped.

Investors Business Daily

Jobs report shows 216,000 new hires, testing bets on spring Fed rate cuts

A stronger-than-expected December jobs report included faster wage gains and a steady unemployment rate, providing a stern test to the market's assumption of spring Fed rate cuts.

The Street

U.S. unemployment has been under 4% for the longest streak since the Vietnam War

U.S. employers added 216,000 jobs in December, as the unemployment rate held steady at 3.7%. The labor market proved resilient in 2023, despite rising interest rates.

WEKU

Chinese President Xi Jinping Sees A Resilient Economy – Numbers Point Otherwise

The leader is optimistic about the country's economy, but economic numbers do not support this optimism.

International Business Times

Is higher education out of touch with the skill requirements in the job market?

The Hindu Parley: Is higher education in India out of touch with the skill requirements in the job markets?

The Hindu

American Jobless Claims Fall, Labor Market Resilient Despite Interest Rates

Resilient labor market shines as jobless claims in the U.S. drop, indicating fewer layoffs despite high interest rates. Bright spot in uncertain times.

Top News

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The Independent UK

US applications for unemployment benefits fall again as job market continues to show strength

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates

Bangkok Post

Graduates struggling to find work

The National Statistical Office (NSO) expressed concern on Wednesday over the high rate of unemployment among new graduates -- now representing the biggest portion of the nation's jobless, according to a survey.

Barchart

Dollar Gains as FOMC Minutes Signal No Imminent Fed Rate Cut

The dollar index (DXY00 ) on Wednesday rose by +0.27% and posted a 2-1/2 week high. Weakness in stocks on Wednesday boosted the liquidity demand for the dollar. The dollar also found support from the minutes of the Dec 12-13 FOMC meeting that said policymakers agreed it would be appropriate...

Barchart

Stocks Extend Tuesday’s Losses as Bond Yields Climb

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.68%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.75%. Stocks this morning are lower, with the S&P 500...

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The Guardian - AU

Labor could raise welfare payments for cost-of-living relief without stoking inflation, economists say

Albanese government would need to couple any increases in unemployment benefits and pensions with savings, experts say

Barchart

S&P Futures Tick Lower Ahead of FOMC Meeting Minutes and U.S. JOLTs Report

March S&P 500 E-Mini futures (ESH24) are trending down -0.31% this morning as investors looked ahead to the latest reading on U.S. job openings as well as the release of the Federal Reserve’s December policy meeting minutes.

Barchart

S&P Futures Slip Ahead of FOMC Meeting Minutes and U.S. JOLTs Report

March S&P 500 E-Mini futures (ESH24) are trending down -0.34% this morning as investors looked ahead to the latest reading on U.S. job openings as well as the release of the Federal Reserve’s December policy meeting minutes.

Reason

Brickbat: Union Dues

A new Illinois law makes it illegal to interfere with, obstruct, or impede a picket line, demonstration, or protest. It isn't clear if this can be used against counter protesters. Another new state law says that independent contractors count as "newly hired employees" under the Unemployment Insurance Act. And another…

The Hindu

Year in Review | How India’s economic indicators fared in 2023

2023 saw India's GDP grow at a higher-than-expected rate, with inflation & unemployment rates varying, and repo rate remaining unchanged.

Evening Standard

Lessons on the economy from 2023 and forecasts for 2024

City Voices: Why 2024 will be better than 2023

Newslaundry

Hafta letters: Government jobs, elders and respect, unemployment

Hi NL, love your work.

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