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The Latest Breaking News from Unemployment

Jobs report will help Federal Reserve decide how much to cut interest rates

Friday’s monthly jobs report will likely mark a pivotal moment for the economy and the Federal Reserve

The Independent UK

US Unemployment Claims Drop

227,000 people filed new claims last week.

International Business Times

Decrease In US Unemployment Claims Signals Stable Labor Market

Latest report shows decrease in unemployment claims, indicating a positive trend in the job market amidst a healthy but cooling labor market.

Top News

From analysis to the latest developments in health,
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US Unemployment Claims Fall, Labor Market Remains Stable

Latest Labor Department report shows positive trend in U.S. labor market with decrease in jobless claims and low layoffs.

Top News

What’s a recession – and how can we tell if we’re in one?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

The Independent UK

What Is the Sahm Rule, and What Does It Mean?

This will be the first significant test of the Sahm rule under relatively normal circumstances.

Kiplinger

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Nevada’s Horsford likely to rejoin Ways and Means panel - Roll Call

Rep. Steven Horsford is likely to fill the open seat on the House Ways and Means Committee, following the death of Rep. Bill Pascrell Jr.

Roll Call

ECB mulls second interest rate cut as eurozone inflation falls to 2.2%

Drop to lowest level since 2021 may lead to cut in September though unemployment figures give cause for concern

The Guardian - UK

S&P Futures Climb on Fed Rate Cut Hopes, U.S. Inflation Data in Focus

September S&P 500 E-Mini futures (ESU24) are trending up +0.45% this morning as the prospect of lower interest rates and a slew of upbeat earnings reports boosted sentiment, while investors geared up for the release of the Fed’s first-line inflation gauge.

Barchart

US Unemployment Claims Fall Slightly Amid Healthy Labor Market

Latest Labor Department report shows slight decrease in jobless claims, hinting at a healthy U.S. labor market despite rising interest rates.

Top News

Why Nvidia’s Earnings Report Could Be More Important Than the Fed’s Next Move

In August 2023, the U.S. Federal Reserve decided to keep interest rates steady at a 23-year high of 5.33%. With inflation slowing down and the unemployment rate slightly rising, many believe that the Fed will cut interest rates in its upcoming meeting on September 17-18.

inkl

Unemployment is rising and Australia’s economy is weak – but don’t hit the recession alarm just yet

Are we headed for a recession? The answer is complex – although for young people it already feels like one

The Guardian - AU

Starting a business after university: young South African entrepreneurs discuss the highs and lows

South Africa’s youth unemployment rate, at 45.5% (among those aged between 15 and 34), is worryingly high, even in the context of widespread unemployment across the African continent. More than 72 million young people in Africa, most of them women, are neither employed nor pursuing tertiary education.

The Conversation

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news in one place.

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The Conversation

Africa’s ‘youthquake’: huge numbers of young people have no jobs, the wrong skills and little hope

By 2050, one in every three young people on earth will be of African origin, according to the 2024 International Labour Organisation’s (ILO) Global Employment Trends for Youth report. Africa’s young people will be key players in the direction of future global consumption, culture and even stability.

The Guardian - UK

‘I miss home’: 13-year-old Nigerian girls trapped and exploited in Ivory Coast sex industry

Thousands are being trafficked out of Nigeria, tricked with promises of work by agents taking advantage of record unemployment levels in the country

The Guardian - UK

‘No one has any money’: Israel’s restrictions stifle West Bank economy

Soaring unemployment and poverty are fuelling unrest as Palestinian firms and workers face ‘economic siege’

Top News

Unemployment Benefits Applications Rise Modestly, Remain At Healthy Levels

US unemployment claims show a slight uptick, but experts remain optimistic about the labor market's stability.

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news in one place.

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The Conversation

South Africa’s competition law has special conditions for company mergers: do they benefit society or hinder business?

Competition is a good thing. This is the common thread through global competition law, which aims to prevent monopolies – when one firm dominates a sector.

The Independent UK

Disgraced former congressman George Santos faces prison time after pleading guilty to fraud crimes

Santos was indicted last year on 23 charges, including wire fraud, identity theft and abusing unemployment benefits

Top News

Historic Employment Gains For Minorities Under Trump And Biden

Former President Trump claimed historic employment gains for minority workers, but these records were surpassed during President Biden's presidency.

Top News

US Unemployment Claims Fall, Job Market Remains Resilient

Labor Department report shows a decrease in jobless claims, indicating a resilient job market despite high interest rates.

International Business Times

China's Underwhelming Data Dampens Hope Of Economic Recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world's second-largest economy despite recent government measures to try to stimulate expansion.

The Guardian - AU

Australia’s unemployment rate rises to 4.2% in July, even as employers add more than 58,000 jobs

Latest data reported by the ABS dims chances of a near-term RBA interest rate cut

The Guardian - AU

The RBA poured cold water on an interest rate cut before Christmas – but its hawkish stance may make inflation even worse

It seems that the lessons of the past on issuing ‘forward guidance’ have been quickly forgotten

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