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The Latest Breaking News from Unemployment

U.S. Bank slapped with million-dollar fines for ‘illegal conduct’

Two government agencies found that thousands of consumers were negatively affected by the bank’s actions.

The Street

U.S. unemployment claims rise slightly, remain at low levels despite higher interest rates

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates

The Independent UK

Inflation was 2023’s unavoidable topic. Will 2024 bring a change of tack from the RBA?

Heading into a year when economic growth is expected to be low, the hope is the Reserve Bank will ease off on raising rates

The Guardian - AU

From analysis to the latest developments in health,
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Chinese Youth Reject Traditional Society, Seek New Horizons Abroad

China's next generation is experiencing high unemployment, lack of prospects, and social isolation. The author discusses the impact of policies and governm...

Top News

Haryana CM Manohar Lal Khattar dismisses Congress charges of malpractice in recruitment

Haryana CM Manohar Lal dismisses Congress' allegations of malpractice in HPSC recruitment, promises immediate dismissal of any officer found involved.

The Hindu

Building Permits, Unemployment Claims and Other Key Thing to Watch this Week

This upcoming week is pretty quiet heading into the Holiday with some consumer data and some housing information due out throughout the week.

Barchart

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Unemployment rate among graduates declines to 13.4% between July 2022 and June 2023

Unemployment rate among graduates in India declines to 13.4% in 2022-23, lowest in Chandigarh at 5.6%.

The Hindu

Morning Digest | Parliament security breach: Raising voice against unemployment is not treason, says ‘mastermind’ Lalit Jha’s father; Kamal Nath removed as Madhya Pradesh Congress chief, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on December 17, 2023

The Hindu

Parliament security breach | Raising voice against unemployment is not treason, says ‘mastermind’ Lalit Jha’s father

Lalit Jha’s mother, Manjula Jha, 62, sits in a broken chair and cries, pleading for her son’s release.

The Hindu

Rahul Gandhi On Parliament Security Breach: Incident a direct fallout of unemployment, inflation

Speaking to reporters on Saturday, the Wayanad MP said, "Why did this (security breach) happen? The main issue in the country is unemployment..." Read further on Dynamite News:

Dynamite News

Parliament security breach | Congress accuses BJP of politicising incident

Rahul Gandhi blames unemployment and inflation caused by Modi's policies for security breach in Parliament. Congress leader K C Venugopal accuses BJP of politicising issue.

The Hindu

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

The Independent UK

Fadnavis announces SIT for Maratha quota stir arson; vows prosecution

Devendra Fadnavis announces SIT to probe arson incidents in Beed district, Maharashtra police seize drugs worth ₹50,000 crore, opposition protests rising unemployment.

The Hindu

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Investors Business Daily

Dow Jones Rallies After Surprise Jobless Claims, Retail Sales; Adobe Dives On Earnings

The Dow Jones rallied Thursday after a surprise drop in initial unemployment claims and U.S. retail sales. Adobe stock dived on earnings.

Fortune

Vladimir Putin’s war in Ukraine has cost Russia’s economy 5% in growth, U.S. Treasury says

Russia plans big defense spending with inflation running high. But Vladimir Putin thinks the economy is doing great as it grows and keeps unemployment low.

The Hindu

Parliament security breach | Delhi court sends 4 accused to 7-day police custody

Parliament security breach: Case registered under UAPA & IPC for Parliament security breach; 6 accused planned incident, 5 arrested; motive linked to farmers' protest, Manipur crisis & unemployment.

The Guardian - AU

Australia’s unemployment rate ticked higher in November at 3.9% but hiring numbers also up

Joblessness rate rose despite 61,500 new jobs because the number of people seeking work also grew strongly

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news in one place.

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Fortune

The Fed’s declaration that rates may have peaked is ‘a long-awaited holiday present’ for Wall Street, sending the Dow to a record close

“The bears are running for cover and may have to go into hibernation” after the Fed’s dovish outlook, said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

Chicago Sun-Times

Black employment in Cook County is sandwiched between hope and reality

Jobs can be a source of inspiration, but opportunities are diminishing for young Black people in the Chicago area, Alden Loury writes.

WEKU

The economy is a trouble spot for Biden despite strong signs. Here's why

Despite job growth, low unemployment and record spending, Americans are in a sour mood about the economy — and that could spell trouble for President Biden's reelection chances.

Kiplinger

Stock Market Today: Stocks Close Higher After Strong November Jobs Report

The unemployment rate ticked lower last month, while annual wage growth eased.

Fortune

Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

“The recession that seemed so inevitable at the end of 2022 still hasn’t arrived and may not come anytime soon,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance.

Barchart

3 Unusually Active Reasonably-Priced Call Options to Buy Now

The November jobs report came out Friday morning. The Labor Department reported that 199,000 jobs were added last month, resulting in a 20-basis-point drop in the unemployment rate to 3.7%. The news should help Friday trading.

Kiplinger

Jobs Growth Beats Expectations in November: What the Experts Are Saying

The jobs report keeps the economy on track for a soft landing, but rate cut hopes may be premature.

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