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The Latest Breaking News from Unemployment

Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Fortune

The 10 Best U.S. Cities For High-Paying Jobs

You can find high-paying jobs if you know where to look.

The Street

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Kiplinger

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Price rise, unemployment pain points in Karnataka; people wary of freebies, poll promises

After travelling across the Mumbai-Karnataka region for a week, we are shifting base to bring you stories from another north Karnataka belt – the Hyderabad-Karnataka region. And, to top it, our train journey from Hubli to Bellary coincided with the release of BJP and Congress election manifestos.

Newslaundry

What the 'Jobs' Number Really Means (It's Not Good for You)

Don't be fooled by the low unemployment rate. It won't last long.

The Street

US hiring shows surprise surge as unemployment falls

Washington (AFP) - Hiring in the United States picked up pace in April and unemployment returned to a multidecade low, government data showed Friday, signaling labor market resilience despite higher interest rates to tackle inflation.

AFP

Jobs Report: Strong Hiring, Drop In Unemployment Tests The Fed; S&P 500 Rallies

Friday's jobs report showed solid hiring, faster wage growth and lower unemployment, all bad for the Federal Reserve. But S&P 500 futures rose.

Investors Business Daily

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Jobs Report Shows 253,000 Net Gain Unemployment Rate Falls to 3.4%; Stocks Surge

The Labor Department trimmed prior job growth estimates, but said 253,000 new hires were added to the economy last month.

The Street

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

WEKU

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

The Conversation

Ireland reaches full employment as unemployment rates drop to record low

Data from the Central Statistics Office (CSO) showed that unemployment levels in April dropped to 3.9 per cent

Irish Mirror

April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

The Independent UK

California companies pay higher taxes for unemployment debt

California businesses are paying higher taxes this year to help pay off the state's unemployment debt

The Independent UK

Jobseeker: what we know before the budget, who will benefit and who won’t

Under consideration is a lift in welfare payments for the over-55s but critics say too many younger people would miss out

The Guardian - AU

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The Conversation

47% of South Africans rely on social grants - study reveals how they use them to generate more income

South Africa has one of the world’s most expansive social grant system: 47% of the population relies on a monthly grant. Of these, 18 million are permanent beneficiaries and about 10 million receive a temporary Social Relief of Distress Grant. This was introduced during the Covid-19 pandemic for working age…

Crikey

JobSeeker carve-out reeks of focus group politics — and underestimates voters

If Labor was hoping to get a tick of approval for the possibility of higher JobSeeker payments for over-55s, it’ll be severely disappointed.

ABC News

Anger over modest JobSeeker boost for over 55s while younger and Youth Allowance recipients look set to miss out

Young Australians and social services advocates are dismayed the federal budget looks set to include a modest boost to the JobSeeker payment, but only for those over 55.

Ballotpedia

Wisconsin Assembly passes unemployment insurance indexing bill

Wisconsin lawmakers on April 25 passed several bills related to unemployment insurance, including one that would index the length of unemployment insurance benefits to the state’s unemployment rate. Assembly Bill 153 would reduce the maximum number of benefit weeks to 14 during times when the unemployment rate is at or…

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Crikey

There’s no perfect time to raise JobSeeker. Just do it now

Waiting for the day when raising welfare is politically and economically costless is a recipe for cruel inaction.

The Hindu

Youth wings scramble to woo youngsters in Karnataka

Ahead of the Karnataka Assembly elections, the youth wings of all three major political parties — BJP, Congress and Janata Dal (Secular) — in Karnataka are trying to engage with young voters.

The Hindu

CM Khattar accuses Opposition of misleading people over Haryana’s ‘unemployment’

Hitting out at the Opposition parties, the Haryana Chief Minister Manohar Lal Khattar has dismissed their accusations over ‘high unemployment’, saying unemployment in Haryana is only between 5-6%.

The New Daily

Michael Pascoe: How the RBA is making inflation worse

Is there a better example of the deficiencies of monetary policy than the RBA prolonging higher rent inflation by lifting rates to theoretically reduce inflation?

Barchart

S&P Futures Tick Lower Ahead of Key U.S. Inflation Data

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

Dollar Slightly Higher as Bond Yields Climb

The dollar index (DXY00 ) on Thursday rose by +0.02%. The dollar Thursday posted modest gains. Higher T-note yields Thursday underpinned the dollar. T-note yields rose Thursday after weekly U.S. initial unemployment claims unexpectedly fell, and the Q1 core PCE deflator rose more than expected. Strength in stocks Thursday curbed...

Kiplinger

How to Financially Get Through A Layoff

Losing your job can be traumatic, but it doesn’t have to wreck your finances.

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