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The Latest Breaking News from Unemployment

China's youth unemployment problem has become a crisis we can no longer ignore

Youth unemployment is a global problem, but in China the rate - 21.3% - is particularly alarming, not just because it’s high, but because it could affect other economies and geopolitical relations.

The Conversation

In massive COVID-19 relief fraud, gangs used millions in PPP, other government aid on guns, drugs, feds say

In Chicago, the price of illegal guns soared during the pandemic, but gangs were able to pay for them with fraudulent PPP and other COVID-19 relief money, agents say.

Chicago Sun-Times

How to make sense of the country's stunningly strong job market

U.S. employers added about twice as many jobs in September as forecasters expected. That's good for people looking for work, but the strong report could complicate the Fed's effort to curb inflation.

WEKU

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Investors Await September Jobs Report For Fed Rate Clues

September jobs report and non-farm payrolls data to shape market expectations.

Zenger

Markets Today: Stocks Slip as Bond Yields Climb on U.S. Labor Market Strength

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.39%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.34%. Stock index futures this morning are moderately lower. A smaller-than-expected increase in weekly initial unemployment claims signals labor market strength that nudged bond yields higher and...

Barchart

Dow Jones Falls After Jobless Claims; Rivian Dives 19% On Debt Offering

The Dow Jones Industrial Average dropped Thursday after initial unemployment claims. Rivian stock crashed 19% on a debt offering.

Investors Business Daily

Will Friday's Jobs Report End 10-Year Treasury Yield Bloodbath?

Friday's jobs report will likely be solid, and maybe even stronger. Relief from the surging 10-year Treasury yield is coming, but not yet.

Investors Business Daily

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Newsom Said Cost Made Him Veto Unemployment Pay for Strikers. Unions Say It Was Disrespect.

The bill passed by the California Legislature would have limited benefits to keep state payments manageable.

Capital & Main

California governor vetos unemployment benefits for striking workers

California Gov. Gavin Newsom (D) vetoed a bill Sept. 30 that proposed allowing workers to claim unemployment insurance benefits after striking for two weeks. Senate Bill 799 previously passed the state Senate 27-12 on Sept. 14 and passed the state House 59-18 on Sept. 11.

Ballotpedia

Texas’ unemployment rate is among the nation’s worst — but experts say it signals a growing economy

The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an indicator of Texas’s rapidly growing population and labor force.

The Texas Tribune

Hunt’s speech pleases Tory faithful but is unlikely to resonate with voters

Cost of living crisis, rising unemployment and extended NHS waiting times will determine government’s chances in general election

The Guardian - UK

Crude Inventories, Jobs and Other Market Moving Items to Watch This Week

We’ll see some key data releases this week as well as some potentially market-moving news. Here are 5 things to watch in the market this week.

Barchart

California's governor rejects a bill to give unemployment checks to striking workers

Democratic Gov. Gavin Newsom said he vetoed the bill because the fund the state uses to pay unemployment benefits will be nearly $20 billion in debt by the end of the year.

WEKU

California governor rejects bill to give unemployment checks to striking workers

California won’t be giving unemployment checks to workers on strike

The Independent UK

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USAFacts

Everything you need to know about a government shutdown

The impacts of government shutdowns include furloughed employees, reductions in services, closed parks and museums, and much more.

Barchart

S&P Futures Climb as Bond Yields Fall Ahead of Key U.S. Inflation Data

December S&P 500 futures (ESZ23) are trending up +0.43% this morning as dovish-leaning remarks from Fed officials and reports of a potential meeting between U.S. and Chinese leaders boosted sentiment while investors looked ahead to a reading on the Federal Reserve’s preferred inflation gauge.

The Independent UK

As employers face labor shortages, Biden administration rolls out playbook for training workers

The Biden administration is releasing a playbook on best practices for training workers as the low 3.8% unemployment rate and years of underinvestment have left manufacturers, construction firms and other employers with unfilled jobs

The Conversation

Politics with Michelle Grattan: Treasurer Jim Chalmers on jobs and work

Treasurer Jim Chalmers released his White Paper on employment this week.

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The Hindu

Modi government crushed hopes of youth, leading to suicides: Congress

Congress attacks Modi government over unemployment; alleges manipulation of NCRB data. Congress claims data from EPFO, Azim Premji University and CMIE show formal sector employment down and PM's rozgar melas a "mockery" of government functioning.

The Independent UK

Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare

U.S. applications for unemployment benefits inched up modestly this week after reaching their lowest level in eight months the previous week, as the labor market continues to defy the Federal Reserve’s interest rate hikes meant to cool it

Al Jazeera

Gaza graduates demand UNRWA solutions for high unemployment rate

Unemployment rate in Gaza continues to be among the highest in the world, hitting 70 percent among young graduates.

Fortune

How Detroit and JPMorgan Chase teamed up to tackle the city's economic woes

Detroit's unemployment, housing, and economy are trending in the right direction, and JPMorgan Chase has been a big part of the turnaround.

Newcastle Herald

Hunter workforce swings toward job security with full-time job rise

The Hunter's latest monthly regional workforce figures show a trend towards full-time roles.

Crikey

Labor’s employment white paper continues the wreckage of neoliberalism

The government’s approach when it comes to employment drives home Australia’s bipartisan indifference to the poor.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 201,000

New applications for U.S. unemployment insurance benefits fell 20,000 for the week ending September 16 to a seasonally adjusted 201,000. The previous week’s figure was revised up by 1,000 to 221,000. The four-week moving average as of September 16 fell 7,750 from the previous week’s revised average to 217,000.

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