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The Latest Breaking News from Unemployment

U.S. weekly unemployment insurance claims rise to 231,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending Nov. 11 to a seasonally adjusted 231,000. The previous week’s figure was revised up by 1,000 to 218,000. The four-week moving average as of Nov. 11 rose 7,750 from the previous week’s revised average to 220,250.

Ballotpedia

Albonomics is delivering for struggling workers. He should keep the party going

The jobs market is buoyant… for now. Australians must hold politicians to their word.

Crikey

BRS mismanaged the economy: Chidambaram

Chidambaram charges BRS govt with mismanaging economy, leading to ₹3.66 lakh crore debt in 2022-23. Per capita debt at ₹96,316, education & health sectors neglected. Highest rate of inflation & fuel prices in country. Unemployment allowance of ₹3,016 not given. People desire change in govt.

The Hindu

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Australian economy adds twice as many jobs as expected as unemployment rate rises to 3.7%

Employers added a net 54,900 jobs in October as economy’s resilience contributed to tight labour market

The Guardian - AU

Xi-Biden meeting highlights trade ties between China and US

As Chinese President Xi Jinping lands in San Francisco to attend the APEC summit and meet with his US counterpart Joe Biden, we take a look at the economic relationship between the two countries. In spite of tensions leading to trade restrictions and counter-measures, the two nations' trade was still…

France 24

How many immigrants are in the American workforce?

Of the 169 million workers in the United States, more than 32 million are immigrants. That's over 19% of the workforce.

USAFacts

Paris Olympics 2024: A game changer for Seine-Saint-Denis?

The Paris Olympic Games could be dubbed the “Seine-Saint-Denis Olympics”. Next summer, one of France’s most notorious neighbourhoods will host around 70 Olympic competitions. All eyes will be on the impoverished area. The event raises a lot of hope, but also a lot of anger, as 16 million tourists are…

France 24

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UK jobs market dodges hit from economic slowdown

ONS finds unemployment rate broadly unchanged and real wages rising thanks to falling inflation

The Guardian - UK

FTSE 100 Live: Flat US inflation powers shares as London blue-chips close up 0.2%, BT cuts pension deficit

UK inflation fell to just 4.6%, its lowest level since 2021, in a key political victory for Rishi Sunak as well as a win in the Bank of England's battle to get prices back under control.

Evening Standard

Liberians vote in presidential run-off between George Weah and Joseph Boakai

Liberia is gearing up for the run-off presidential election on Wednesday. President George Weah is fighting to keep his job as he faces stiff competition from former vice president Joseph Boakai. The election is a rematch of 2017 – when Weah defeated Boakai with 61 percent. But since then, some…

France 24

Young India fed up with Modi govt's betrayal: Congress

Congress accuses Modi govt/BJP of crushing India's youth dreams/aspirations. Young India fed up with "rank betrayal" of Modi govt. Aspired for jobs, got 45-yr high unemployment. Wanted economic empowerment, got price rise reducing savings to 47-yr low. Yearned for justice, got economic inequality. Sought safe India, got rising crimes against…

The Hindu

William Ruto's first year: he promised to make life easier for Kenyans, but things got worse

It’s more than a year since President William Ruto was sworn into office as Kenya’s fifth president. He assumed power at a time when Kenya was beset by rising food and fuel prices, high unemployment and a worrying debt burden.

The Conversation

Spending wanes as consumers wait for next big event

Major events have been keeping spending elevated, with consumption in retreat throughout a quieter month.

AAP

The 'R' word: Why this time might be an exception to a key recession rule

The author of the 'Sahm Rule' is less worried about rising unemployment this time, even though October's rate was up 0.5% from a recent low...a jump typically associated with the onset of recession.

WEKU

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The Hindu

Durai Vaiko flays Governor Ravi for remarks on MGNREGS

MDMK's Durai Vaiko takes exception to Gov. R.N. Ravi's reported suggestion to do away with MGNREGS, alleging BJP govt. expressed desire through Governors. Scheme has benefited rural poor & SC/STs; reduction in funds creates uncertainty over livelihood. 16cr workers registered; ₹2.7L cr needed, but only ₹60K cr allotted. BJP's approach…

Barchart

Dollar Extends Decline on Weak U.S. Unemployment Report

The dollar index (DXY00 ) Friday fell by -0.98%, adding to Thursday’s decline of -0.71%. EUR/USD (^EURUSD ) rose by +0.96%. The euro was supported by dollar weakness and was able to shake off weak Eurozone economic news. USD/JPY (^USDJPY ) fell by -0.72%. The dollar on Friday fell sharply...

Kiplinger

Jobs Growth Slowed Sharply in October: What the Experts Are Saying

A soft jobs report keeps the Fed on track to leave interest rates unchanged next month.

Barchart

Crude Oil Falls on Weaker-Than-Expected U.S. Unemployment Report

December WTI crude oil (CLZ23 ) today is down -1.18 (-1.43%), and Dec RBOB gasoline (RBZ23 ) is down -0.0503 (-2.24%). Crude oil and gasoline prices are sharply lower after today's weak U.S. unemployment report reinforced the idea that the U.S. economy is headed for a significant slowdown. Crude prices...

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Barchart

Today’s Unemployment Report Might Be the Nail in the Coffin for Fed’s Rate-Hike Regime

Today’s weaker-than-expected U.S. unemployment provided strong support for this week’s theme that the Fed’s rate-hike regime is likely over. Oct U.S. payrolls rose by +150,000, weaker than expectations of +180,000, and Sep payrolls were revised lower to +297,000 from +336,000. Also, the Oct U.S. unemployment rate rose by +0.1 points...

Barchart

Stocks Rally as Treasury Yields Plunge on U.S. Unemployment Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. Stocks today extended the sharp rally that began after...

Newslaundry

‘Manifesto bigger or people?’: Cong minister faces local anger over unfulfilled liquor ban promise, jobs

Chhattisgarh excise minister and five-time Konta MLA Kawasi Lakhma is facing a challenge on his home turf in Sukma district this time. The reason? Growing unemployment and the Congress’s unfulfilled poll promise to ban liquor in the state. A Congress worker says Lakhma, popularly known as “Daadi” in the region,…

Barchart

Markets Today: Stocks See Support after Treasury Yields Plunge on U.S. Unemployment Report

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.37%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.23%. Stock index futures this morning are mildly higher after Treasury yields plunged on this morning’s weaker-than-expected U.S. unemployment report. The 10-year T-note yield is down by another...

Barchart

Dollar Tumbles on Speculation the Fed’s Rate Hikes Are Over

The dollar index (DXY00 ) Thursday fell by -0.70% and posted a 1-week low. The dollar was under pressure Thursday after Wednesday’s post-FOMC meeting comments from Fed Chair Powell bolstered speculation the Fed is done with its rate hiking cycle. Losses in the dollar accelerated on Thursday’s U.S. economic reports...

The Texas Tribune

In a hot oil and gas economy, a West Texas welder charts his own course one cup of coffee at a time

Fabian Maldonado has supported his Odessa family for years on his welding salary. Wanting more, he’s gambling that a mobile coffee trailer can withstand the booms and busts of the industry.

Barchart

Stocks Climb on Hopes the Fed is Done Raising Interest Rates

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.49%. Stock indexes this morning are moderately higher, with the...

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