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The Latest Breaking News from Unemployment

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.

Top News

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.

International Business Times

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

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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

The Guardian - AU

S&P Futures Tick Higher Ahead of Key U.S. PPI Data, Home Depot Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.11% this morning as investors awaited crucial U.S. producer inflation data, comments from a Federal Reserve official, and an earnings report from home improvement chain Home Depot.

Barchart

S&P Futures Climb Ahead of Key U.S. PPI Data, Home Depot Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.32% this morning as investors awaited crucial U.S. producer inflation data, comments from a Federal Reserve official, and an earnings report from home improvement chain Home Depot.

Barchart

Nigel Farage ‘deeply irresponsible and dangerous’ during riots, says Tory leader contender – as it happened

Tom Tugendhat criticises Reform UK leader’s attempt to amplify ‘false information’ and for his failure to condemn the riots

The Guardian - UK

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UK unemployment falls as wages growth hits lowest in two years

Rachel Reeves says there is more to do in supporting people into employment and she will take action in budget

The Guardian - UK

AstraZeneca hits £200bn valuation as ambitious plans pay off – as it happened

Pharmaceuticals giant has hit a £200bn stock market valuation, a decade after fighting off Pfizer’s takeover approach

The Guardian - UK

A herbal firm’s handbook of ‘abuse’: ‘Drugs, fraud, and youngsters confined to rooms’

At a hotel in Bihar’s Begusarai on March 21, union minister and MP Giriraj Singh thundered on stage before a crowd of youngsters in suits. “A leader doesn’t mean a political leader…you’ve reached here by battling unemployment. So you are the real leader…If I wasn’t an MP, I would’ve worked…

Newslaundry

Dollar Boosted by Higher T-note Yields

The dollar index (DXY00 ) on Thursday rose slightly by +0.03%. The dollar Thursday erased overnight losses and turned slightly higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. The dollar gave up most of its advance...

Barchart

Stocks Rally as Economic Concerns Ease and Chip Stocks Climb

The S&P 500 Index ($SPX ) (SPY ) today is up +1.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.24%. US stocks are trading higher today after US weekly initial unemployment claims fell more...

Barchart

Dollar Gains as US Weekly Jobless Claims Fall

The dollar index (DXY00 ) today is up by +0.18%. The dollar today erased overnight losses and turned higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. Strength in stocks today is limiting the upside in the...

Barchart

Wall Street Today: Stocks React Favorably To Revised Unemployment Data

The U.S. economy got some relief from a favorable unemployment report on Thursday, and the stock markets responded in kind with strong gains from the opening bell.

International Business Times

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Barchart

Stocks Climb as US Weekly Jobless Claims Ease Economic Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +0.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. US stocks are trading higher today after US weekly initial unemployment claims fell more...

The Independent UK

Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels

Fortune

Top economist: More people are looking for a job, but not because they were laid off

The unemployment rate reflects the fact that the number of workers is growing, not that more people are losing their jobs.

The Guardian - UK

Be more avian! Why stressed Chinese students are pretending to be birds

How best to cope with China’s economic slowdown, high cost of living and soaring youth unemployment? Roost in your bedroom

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Top News

Minnesota's Strong Labor Market And Budget Surplus Under Gov. Walz

Minnesota's labor market thrives under Gov. Walz with low unemployment and high participation rates, backed by a healthy budget surplus.

Top News

Global Markets Tumble Amid Recession Fears

US economy shows signs of recession with declining manufacturing activity and rising unemployment. Gold recommended as a safe investment amid economic unce...

The Independent UK

Experts are warning of a global recession. Here’s what that actually means

While warning about a 25 percent chance of an economic downturn, Goldman Sachs said the US economy remains “fine overall,” and that the recession risk is “limited”

Fortune

Chicago Fed president says if jobs, inflation, or ‘financial stability’ worsen, the Fed will ‘fix it’

“It’s the market’s job to react and the Fed’s job to act.” said Chicago Fed president Austan Goolsbee. “And one of those moves with a lot more volatility than the other.”

Reason

Recession Is Not Inevitable, Despite Stock Market Slump

A few reasons to remain calm about the economy

Top News

Economists Fear Possible Crash Landing For US Economy

US economy faces concerns of a hard landing with rising unemployment and inflation, posing challenges for policymakers and financial stability.

The Guardian - UK

Warning signs of US recession may be bad news for Kamala Harris

Cracks in labour market provide Trump with evidence for his message that Biden has been disaster for the economy

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