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The Latest Breaking News from Unemployment

Peak China? Jobs, local services and welfare strain under economy’s structural faults

Faced with record high youth unemployment and bankrupt local councils, the country’s population is beginning to feel the weight of the economy’s flaws

The Guardian - AU

Acquittal rate in human trafficking cases worrying, says Madan B. Lokur

Acquittal rate in human trafficking cases in India is 89% in 2020-21, a matter of concern: Former SC judge Madan B. Lokur. In Kerala, only 1 conviction & 19 acquittals out of 201 cases reported. Human trafficking is a crime against humanity & requires protection, prevention & prosecution. 2,189 cases…

The Hindu

Yet another Bank of England rate rise looks likely – but this may be the last

Rising unemployment and sluggish economic growth are unlikely to derail Threadneedle Street’s drive to curb inflation

The Guardian - UK

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At Bastar poll rally, Kejriwal talks of Jal, Jungle, Zameen rights

Kejriwal promises to implement PESA Act in Chhattisgarh within one month if voted to power. He also promises unemployment allowance, free power, improved healthcare and education. He criticizes PM's One Nation One Election idea and India-Bharat controversy.

The Hindu

Business in Bengal | Why Mamata’s foreign visit may not be enough to attract investment

Mamata Banerjee visits Spain, UAE to attract investments for West Bengal. Aims to promote State as industry destination ahead of BGBS in Nov 2023. Despite efforts, little success on ground. MoUs signed for promotion of books, La Liga Academy. 6th BGBS in 2022 saw 137 MOUs, LoIs, EoIs worth ₹3.4…

The Hindu

What if Jerome Powell pulled off a soft landing and nobody noticed? It's the economy's Groundhog Day

Economists are seeing shadows.

Fortune

Mismanagement of economy push the country into terrible misery, unemployment: Parakala Prabhakar

Mr. Prabhakar was speaking about ‘Social Impact of Demonetisation’, a talk on Indian Economic System organised by Samadharsi, a cultural, democratic initiative in Thrissur on Friday.

The Hindu

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US economy going strong under Biden – Americans don’t believe it

Despite a strong economy, an exclusive Guardian poll shows mistrust in media and government means disbelief in both parties

The Guardian - US

Millionaire CEO wants unemployment to jump by 50% because workers have become ‘arrogant’

Property developer Tim Gurner’s comments slammed as the ‘epitome of class warfare’

The Independent UK

An in-depth look at the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a mammoth, $2.2 trillion relief package that provided direct payments to millions of American families and forgivable loans to small businesses and corporations, to name just a few.

Totaling over $2 trillion, the CARES Act was the largest economic stimulus package in American history, but confusion, delays, and even fraudulent activities surrounded the process of applying for and receiving stimulus funds.

The Street

Famous 'avocado toast' millionaire has more harsh words for the working class

Well, that's certainly a perspective on unemployment trends.

The Street

Applications for US jobless benefits tick up slightly

The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before

The Independent UK

Multimillionaire Tim Gurner regrets ‘deeply insensitive’ comments calling for ‘pain in the economy’

Property developer and Gurner Group CEO says suggestion unemployment should increase by 40% to 50% to create more productive workers was ‘wrong’

The Guardian - AU

Will lifting unemployment really improve productivity?

If business wants Australian workers to be more productive, sacking them or cutting wages won’t deliver that.

Crikey

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The Guardian - AU

Australian economy adds 65,000 jobs in August, raising prospect of further rate hikes

Unemployment rate remains steady at 3.7% in a sign that the economy could avoid a hard landing as impact of 12 interest rate rises is felt by households

The Guardian - AU

Tim Gurner’s spray about ‘arrogant’ workers lays bare the economic sadism of our time

The multimillionaire boss who suggested Australia’s unemployment needs to rise exemplifies the dangers of a radicalised lumpenbourgeoisie

The Hindu

INDIA parties to hold joint rally in Bhopal, start process for determining seat-sharing

INDIA bloc holds first meeting in New Delhi; decides to hold joint rally in Bhopal, Madhya Pradesh; start process for seat sharing and take up caste census issue. Abhishek Banerjee of TMC absent due to ED summon. AAP's Raghav Chadha proposes talks on seat sharing at national level. NC's Omar…

The Independent UK

Millionaire CEO wants unemployment to jump to 50% because workers have become ‘arrogant’

Property developer Tim Gurner’s comments slammed as the ‘epitome of class warfare’

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news in one place.

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The Guardian - AU

AOC takes aim at multimillionaire Australian property developer who wants unemployment to jump

Alexandria Ocasio-Cortez tweeted that CEO pay had skyrocketed, in response to claim workers had become ‘arrogant’ since Covid

The Independent UK

China's 'full-time children' move back in with parents, take on chores as good jobs grow scarce

A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19

Pedestrian.tv

Twitter Is Tearing Millionaire Knob Tim Gurner A New One After He Said Tradies Don’t Work Hard Enough

Millionaire Tim Gurner has become the target for hilarious burns online after his cooked comments about tradies not working, and more.

The National (Scotland)

UK immigration policy blamed for unemployment rise in Scotland

THE UK Government’s immigration policy must be urgently reassessed with hospitality and agriculture sectors in Scotland continuing to struggle…

The Guardian - UK

UK jobs market ‘on the turn’ as unemployment rises; ‘terrifying’ increase in mortgage arrears – as it happened

Total pay jumps by 8.5% in the last year – ahead of inflation – while value of mortgages in arrears is now the highest in almost seven years

Evening Standard

FTSE 100 Live: BP boss quits, FTSE closes up 0.4% as interest rate rise fears ease, Apple down

London’s FTSE 100 re-took the 7500-point mark helped by rallying banks as investors absorb jobs and wages data into the Bank of England’s next rate call later this month.

The Guardian - UK

UK pay rises at record rate despite growth in unemployment

Figures will add to Bank of England’s dilemma over whether to increase interest rates again next week

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