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The Latest Breaking News from Unemployment

Unemployment Claims Rise But Remain Below Pre-Pandemic Levels

Unemployment claims rise slightly to 225,000 due to Boeing furloughs, remaining below pre-pandemic levels.

Top News

Steady Unemployment, Moderate Job Growth May Halt Larger Rate Cuts From Fed

Chief U.S. economist at Bloomberg Economics, Anna Wong, said that the payroll growth count may turn out to be a surprise for some. She expects a higher figure for the September jobs: 188,000.

International Business Times

Stocks Close Lower on Geopolitical Uncertainty

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down by -0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.05%. Stocks fell moderately on Thursday, with the Dow Jones Industrials dropping...

Barchart

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The Guardian view on Andrew Bailey’s aggression: whatever traders think is true becomes fact

Editorial: Balance of payments, interest rates, unemployment and inflation determine short-term currency prices, but they are dwarfed by foreign exchange speculation

The Guardian - UK

U.S. economy is on the cusp of another Roaring ’20s, says UBS

"By early 2025 only the most pessimistic investors will need rose-colored glasses to see a clear path to a Roaring ’20s outcome," a UBS analyst says.

Fortune

Unemployment, rebellion and Article 370: BJP’s challenges in Hindu-dominated Jammu

In the third phase of polls in Jammu and Kashmir, people across 40 assembly seats – 16 in Kashmir and 24 in Jammu – will cast their votes. Will the BJP repeat its 2014 performance and outdo the National Conference and PDP in the Jammu region?

Newslaundry

S&P Futures Tread Water as Key U.S. Inflation Data Looms

December S&P 500 E-Mini futures (ESZ24) are trending down -0.04% this morning as investors braced for the release of the Federal Reserve’s first-line inflation gauge, which will offer further insights into the trajectory of U.S. interest rates.

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The number of Americans filing for jobless aid falls to lowest level in four months

The number of Americans applying for unemployment benefits last week fell to the lowest level in four months

The Independent UK

Why is the Reserve Bank independent from government, and why does it matter?

Negotiations over reforms to the Reserve Bank of Australia this week took an unprecedented turn when the Greens demanded the government use its reserve powers to immediately cut interest rates.

The Conversation

Top Fed official calls for further interest rate cuts, focus on labor market

Minnesota Fed president Neel Kashkari says policy “remains tight” and further rate cuts would depend on the state of the labor market.

Fortune

Experts Say You Should Move Out of These Cities Immediately, If You Haven't Already: Study

Cities were rated on factors including annual crime rates, air quality, unemployment, cost of living and Google searches for "moving out."

Latin Times

US Jobless Claims Drop To Four-Month Low, Indicating Job Market Recovery

Unemployment claims in the U.S. dropped in 4th-month low, which signals better conditions in the job market.

International Business Times

Top market strategist sees ‘nirvana’ after Fed rate cut, new economic data

“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.

Fortune

Impact of US rate cut in Australia remains to be seen

Senior minister Bill Shorten says it's unclear how much of an impact the US Federal Reserve's interest rates cut will have on Australia's economy.

AAP

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US Unemployment Claims Hit Four-Month Low

Latest Labor Department report shows positive trend in U.S. job market with decrease in jobless claims and increase in individuals receiving jobless benefits.

The Independent UK

Weekly applications for US jobless benefits fall to the lowest level in 4 months

The number of Americans applying for unemployment benefits fell to their lowest level in four months last week

International Business Times

California Dems And Republicans Poised To Clash Again Over Bill That Provides Benefits To Illegal Migrants

A new bill aimed at providing unemployment benefits to undocumented immigrants has been met with strong opposition from Republican lawmakers.

Latin Times

California Dems and Republicans poised to clash again over bill that provides benefits to illegal immigrants

A new bill aimed at providing unemployment benefits to undocumented immigrants has been met with strong opposition from Republican lawmakers

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The Conversation

Unemployment of 4.2% is a sign of RBA success, but it might not last. Here’s why

Today’s news that an extra 47,500 Australians found work in August while the unemployment rate held steady at 4.2% is a sign of success for both the government and Reserve Bank.

The Guardian - AU

Australia’s unemployment rate unchanged at 4.2%, dampening hope of RBA interest rate cut

ABS figures show employers added 47,500 positions last month, above forecasts

The Conversation

Fed slashes rates by a half-point – what that means for the economy and the presidential election

In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of borrowing has been lowered in four years.

Top News

Federal Reserve Chair Powell Addresses Labor Market Concerns

Federal Reserve Chair Jerome Powell discusses Fed's rate cut decision based on unemployment concerns and strong US economy.

Top News

Federal Reserve Cuts Rates Amid Concerns Over Rising Unemployment

The recent jumbo-sized rate cut by the Federal Reserve raises concerns about the US economy's health and rising unemployment.

Top News

US Unemployment Rate Expected To Reach 4.4% By Year-End

US unemployment rate rises to 4.3% in July, inflation projected to moderate to 2.3% this year. Fed aims for 2% inflation rate by 2026.

The Independent UK

The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

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