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The Latest Breaking News from Unemployment

China's $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally

"If you get a scenario where China is really in crisis and exporting deflation, I can see where that actually filters through the United States," said an international economist at Wells Fargo.

Fortune

Nigeria's unemployment rate falls to 4.1%, using new methodology. Analysts say it’s an undercount

Nigeria's statistics agency says the unemployment rate now stands at 4.1%

The Independent UK

California may pay unemployment to striking workers. But the fund to cover it is already insolvent

Some California lawmakers want to make striking workers eligible for unemployment benefits

The Independent UK

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California Lawmakers Propose Unemployment Benefits for Striking Workers

Plus: GOP hopefuls debate tonight, Canadian link tax backfires, and more...

Reason

Zimbabwe's economic woes: Hyperinflation, a currency slump and high unemployment

As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many…

France 24

Who Wins the Battle Over 4,400?

How low will stocks go? That is the question on everyone’s mind as the recent highs for the S&P 500 (SPY) seem like a distant memory as stocks have been going the wrong direction for the entirety of August. Investment expert Steve Reitmeister the causes of the recent sell off…

StockNews.com

Zimbabwe goes to polls amid deepening economic crisis

Promises to get inflation and unemployment on track after decades of Mugabe rule have failed to materialise

The Guardian - UK

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U.S. weekly unemployment insurance claims fall to 239,000

New applications for U.S. unemployment insurance benefits fell 11,000 for the week ending August 12 to a seasonally adjusted 239,000. The previous week’s figure was revised up by 2,000 to 250,000. The four-week moving average as of August 12 rose 2,750 from the previous week’s revised average to 234,250.

Ballotpedia

AAP announced 10 poll promises for Chhattisgarh, including unemployment allowance and free electricity

AAP unveils 10 poll guarantees for Chhattisgarh, including ₹1,000 for select women, ₹3,000 unemployment allowance, free electricity and ₹1cr for families of security personnel who die on duty. Kejriwal takes dig at Congress government and claims Delhi's schools better. INDIA bloc dynamics allow BJP to question AAP's credentials.

The Hindu

Australian unemployment rate rises to 3.7% as economy sheds 14,600 jobs in July

Latest jobless rate higher than economists predicted, Bureau of Statistics unemployment figures show

The Guardian - AU

Japan has gone its own way on fighting inflation – can NZ learn from a global outlier?

Like most countries over the past three years, New Zealand has tried to manage inflation by increasing interest rates. Japan, on the other hand, has taken a different tack – with clear success.

The Conversation

It’s good news that real wages are no longer falling – but the fall has already been deep

Wages rose modestly in the June quarter but so did inflation. The average wage now buys you the same amount as it did in 2009

The Guardian - AU

The 'richcession' is real—Unemployment is rising for the 6-figure salary set, BofA data shows

People making $125,000 and more are getting laid off faster than anyone else, in a reversal of the typical recession playbook.

Fortune

The Bank of England won’t stop raising interest rates until unemployment is far higher

City Comment: Andrew Bailey and Co will feel they have no other choice

Evening Standard

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Fortune

China wants people to stop talking about its terrible economy

21.3% of those aged between 16 and 24 were unemployed in June, and July's figure was likely to have been even worse.

The National (Scotland)

Scottish unemployment figure up but below UK average

Scotland’s unemployment rate has jumped to four per cent as new figures showed a rise in the number of people out of work.

The Hindu

Congress created new India but KCR and Modi are enjoying the fruits, says Revanth Reddy

Telangana Congress president Revanth Reddy says CM KCR is desperate to win next elections, making false promises. He urges people to remember Mahatma Gandhi, Ambedkar & Nehru who made India what it is today. He accuses BJP of dividing people & Modi of creating new records in unemployment & debt.

The Guardian - UK

UK basic wage growth hits record high; Russia’s central bank lifts rates to 12% – as it happened

UK regular pay growth highest since 2001 while unemployment rate rises unexpectedly; rouble recovers afters Bank of Russia raises rates at extraordinary meeting

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news in one place.

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The Independent UK

Bank of England may hike interest rates after record increase in wages

Regular pay grows by 7.8 per cent in three months – sparking ‘migraine’ for central bank

Evening Standard

FTSE 100 Live: ‘Little doubt interest rates rise again’ after record pay growth, unemployment up to 4.2%

The UK unemployment rate rose to 4.2% in June, it was revealed today, despite expectations that it would remain at 4%.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 248,000

New applications for U.S. unemployment insurance benefits rose 21,000 for the week ending August 5 to a seasonally adjusted 248,000. The previous week’s figure was unrevised. The four-week moving average as of August 5 rose 2,750 from the previous week’s unrevised average to 231,000.

The Independent UK

South Africa's unemployment is a 'ticking time bomb.' Anger rises with millions jobless

South Africa's official unemployment rate of 33% is the highest in the world, outstripping those of Gaza and the West Bank, Djibouti and Kosovo

The Conversation

We can and should keep unemployment below 4%, says our survey of top economists

Australia’s leading economists believe Australia can sustain an unemployment rate as low as 3.75% – much lower than the latest Reserve Bank estimate of 4.25% and the Treasury’s latest estimate of 4.5%.

Evening Standard

London is a beacon for talent, so why is our unemployment rate higher than the national average?

City Voices: The capital’s skills system needs drastic change to get Londoners into good jobs

Evening Standard

London business groups team up to deliver plan for ‘higher-paying jobs’

Unemployment in London has consistently been higher than the UK average, despite the capital being the main driver of the UK economy

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