The Latest Breaking News from Unemployment

A day after the Cabinet approved the implementation dates for the five pre-poll guarantees of the Congress, the State government on Saturday notified a Government Order fixing eligibility criteria for seeking benefits from Yuva Nidhi scheme that promises unemployment benefits for graduates and diploma holders.

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

This month, China released official statistics showing that its unemployment rate for young people (16-24 years old) reached a record high of 20.4% in April. Worse, the news comes just one month before another 11.6 million students will graduate from college and vocational schools and enter the job market.

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.

Various students organisations lauded the state government’s ‘Yuva Nidhi’ scheme to provide an unemployment allowance, but also demanded that the government extend the scheme for all unemployed youths.

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.

Wondering if the Fed will skip hiking rates again in June? The May jobs report screams 'yes,' a former NYSE trader and economist says.

One in six Europeans is aged between 18 and 29. The demographic was particularly hard hit by the Covid-19 pandemic, and despite the economic recovery that followed, youth unemployment levels remain high. The EU has a few programs in place to help them. We tell you more in this edition…

The jobs report revealed strong hiring but a the unemployment rate jumped. The S&P 500 stayed in rally mode, though a Fed rate hike may loom.

US adds 339,000 jobs in May, surpassing forecasts, as unemployment rate increases slightly to 3.7%

June S&P 500 futures (ESM23) are trending up +0.45% this morning as the passage of a U.S. debt ceiling bill in Washington boosted market sentiment, while investors looked ahead to a crucial U.S. nonfarm payrolls report that might clarify the Federal Reserve’s policy path.