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The Latest Breaking News from Unemployment

Yes, Heavy Regulation Hurts the Economy. Just Look at France.

We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?

Reason

Why Newcastle unemployment rate halving in just a month is bad for business

Under normal circumstances, it would be cause for celebration.

Newcastle Herald

Unemployment rate in urban areas has come down: survey

Conducted by the Labour Ministry, the Periodic Labour Force Survey (PLFS) defines unemployment rate as the percentage of persons unemployed among the persons in the labour force

The Hindu

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Why are these young Chinese graduates working as street vendors?

The unemployment rate for 16 to 24-year-olds in Chinese cities hit a record high of 21.3% in June. There are no figures since then, because the government decided to stop announcing them. With white-collar jobs hard to come by, more and more young graduates are taking jobs as street vendors.…

France 24

Why the Opioid Crisis Is Rooted in the Housing Crisis

A prevalent narrative asserts that the tents, the despair, the not waking up are about mental illness and addiction. That narrative crumbles after the first questions

The Walrus

Telangana’s unemployment rate highest in the country, says Jairam Ramesh

Telangana formed on slogan of jobs and water, yet has highest unemployment rate in country. Jairam Ramesh blames BRS govt for not providing jobs and playing with youth's lives. KTR focused on wealth growth in Hyderabad only, while Telangana struggle was to develop small towns. Credit to Sonia Gandhi and…

The Hindu

Telangana’s unemployment woes: What data says about the last nine years

Boda Sunil Naik, an unemployed tribal man, died by suicide in 2021 after blaming the Telangana government for delaying government job notifications. In a video filmed before his death, Sunil urged Telangana’s unemployed youth to continue fighting against Chief Minister K Chandrashekar Rao.

Newslaundry

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U.S. weekly unemployment insurance claims rise to 231,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending Nov. 11 to a seasonally adjusted 231,000. The previous week’s figure was revised up by 1,000 to 218,000. The four-week moving average as of Nov. 11 rose 7,750 from the previous week’s revised average to 220,250.

Ballotpedia

BRS mismanaged the economy: Chidambaram

Chidambaram charges BRS govt with mismanaging economy, leading to ₹3.66 lakh crore debt in 2022-23. Per capita debt at ₹96,316, education & health sectors neglected. Highest rate of inflation & fuel prices in country. Unemployment allowance of ₹3,016 not given. People desire change in govt.

The Hindu

Australian economy adds twice as many jobs as expected as unemployment rate rises to 3.7%

Employers added a net 54,900 jobs in October as economy’s resilience contributed to tight labour market

The Guardian - AU

Xi-Biden meeting highlights trade ties between China and US

As Chinese President Xi Jinping lands in San Francisco to attend the APEC summit and meet with his US counterpart Joe Biden, we take a look at the economic relationship between the two countries. In spite of tensions leading to trade restrictions and counter-measures, the two nations' trade was still…

France 24

How many immigrants are in the American workforce?

Of the 169 million workers in the United States, more than 32 million are immigrants. That's over 19% of the workforce.

USAFacts

Paris Olympics 2024: A game changer for Seine-Saint-Denis?

The Paris Olympic Games could be dubbed the “Seine-Saint-Denis Olympics”. Next summer, one of France’s most notorious neighbourhoods will host around 70 Olympic competitions. All eyes will be on the impoverished area. The event raises a lot of hope, but also a lot of anger, as 16 million tourists are…

France 24

UK jobs market dodges hit from economic slowdown

ONS finds unemployment rate broadly unchanged and real wages rising thanks to falling inflation

The Guardian - UK

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Evening Standard

FTSE 100 Live: Flat US inflation powers shares as London blue-chips close up 0.2%, BT cuts pension deficit

UK inflation fell to just 4.6%, its lowest level since 2021, in a key political victory for Rishi Sunak as well as a win in the Bank of England's battle to get prices back under control.

France 24

Liberians vote in presidential run-off between George Weah and Joseph Boakai

Liberia is gearing up for the run-off presidential election on Wednesday. President George Weah is fighting to keep his job as he faces stiff competition from former vice president Joseph Boakai. The election is a rematch of 2017 – when Weah defeated Boakai with 61 percent. But since then, some…

The Hindu

Young India fed up with Modi govt's betrayal: Congress

Congress accuses Modi govt/BJP of crushing India's youth dreams/aspirations. Young India fed up with "rank betrayal" of Modi govt. Aspired for jobs, got 45-yr high unemployment. Wanted economic empowerment, got price rise reducing savings to 47-yr low. Yearned for justice, got economic inequality. Sought safe India, got rising crimes against…

The Conversation

William Ruto's first year: he promised to make life easier for Kenyans, but things got worse

It’s more than a year since President William Ruto was sworn into office as Kenya’s fifth president. He assumed power at a time when Kenya was beset by rising food and fuel prices, high unemployment and a worrying debt burden.

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AAP

Spending wanes as consumers wait for next big event

Major events have been keeping spending elevated, with consumption in retreat throughout a quieter month.

WEKU

The 'R' word: Why this time might be an exception to a key recession rule

The author of the 'Sahm Rule' is less worried about rising unemployment this time, even though October's rate was up 0.5% from a recent low...a jump typically associated with the onset of recession.

The Hindu

Durai Vaiko flays Governor Ravi for remarks on MGNREGS

MDMK's Durai Vaiko takes exception to Gov. R.N. Ravi's reported suggestion to do away with MGNREGS, alleging BJP govt. expressed desire through Governors. Scheme has benefited rural poor & SC/STs; reduction in funds creates uncertainty over livelihood. 16cr workers registered; ₹2.7L cr needed, but only ₹60K cr allotted. BJP's approach…

Barchart

Dollar Extends Decline on Weak U.S. Unemployment Report

The dollar index (DXY00 ) Friday fell by -0.98%, adding to Thursday’s decline of -0.71%. EUR/USD (^EURUSD ) rose by +0.96%. The euro was supported by dollar weakness and was able to shake off weak Eurozone economic news. USD/JPY (^USDJPY ) fell by -0.72%. The dollar on Friday fell sharply...

Kiplinger

Jobs Growth Slowed Sharply in October: What the Experts Are Saying

A soft jobs report keeps the Fed on track to leave interest rates unchanged next month.

Barchart

Crude Oil Falls on Weaker-Than-Expected U.S. Unemployment Report

December WTI crude oil (CLZ23 ) today is down -1.18 (-1.43%), and Dec RBOB gasoline (RBZ23 ) is down -0.0503 (-2.24%). Crude oil and gasoline prices are sharply lower after today's weak U.S. unemployment report reinforced the idea that the U.S. economy is headed for a significant slowdown. Crude prices...

Barchart

Today’s Unemployment Report Might Be the Nail in the Coffin for Fed’s Rate-Hike Regime

Today’s weaker-than-expected U.S. unemployment provided strong support for this week’s theme that the Fed’s rate-hike regime is likely over. Oct U.S. payrolls rose by +150,000, weaker than expectations of +180,000, and Sep payrolls were revised lower to +297,000 from +336,000. Also, the Oct U.S. unemployment rate rose by +0.1 points...

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