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The Latest Breaking News from Unemployment

US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week

The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest rates

The Independent UK

Paris hospitality sector faces tourism slump ahead of Olympics

Hotel occupancy rates in the French capital are well below average, as bad weather combines with Olympics-related transport hassles and price hikes to keep summer tourists away. Also, President Emmanuel Macron's planned unemployment insurance reform becomes the latest casualty of France's political upheaval – we take a closer look.

France 24

Newcastle unemployment rate hits record low despite shrinking jobs market

The Hunter labour market is 'remarkable'.

Newcastle Herald

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Donald Trump says immigration is taking 'Black jobs.' Top economists: No

The long-standing question is "settled," Harvard economist Lant Pritchett says.

Fortune

Kenya unrest: the deep economic roots that brought Gen-Z onto the streets

The generation of Kenyans born between 1997 and 2012 – the Gen-Zs – have borne the brunt of the country’s slow economic growth. If a country has slow economic growth, it typically experiences higher unemployment rates, reduced income levels and decreased investments. It leads to an overall lower living standard.

The Conversation

S&P Futures Climb as Investors Await Key U.S. Inflation Data, Nike Results Disappoint

September S&P 500 E-Mini futures (ESU24) are trending up +0.39% this morning as investors bet that the upcoming reading of the Federal Reserve’s preferred inflation gauge will strengthen the argument for lower interest rates.

Barchart

How the ‘unforced error’ of austerity wrecked Britain

The Tories’ cuts were an obvious economic blunder, but their disastrous consequences are still piling up – and there is little hope Labour will reverse the damage

The Guardian - UK

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Dollar Slips on Weak US Economic Reports

The dollar index (DXY00 ) on Thursday fell by -0.14%. The dollar was under pressure Thursday after US economic news showed weekly continuing unemployment claims unexpectedly rose to a 2-1/2 year high, a sign of labor market weakness that is dovish for Fed policy. Also, weaker-than-expected US capital goods orders...

Barchart

Dollar Weakens on Fed-Friendly US Economic Reports

The dollar index (DXY00 ) today is down by -0.27%. The dollar is under pressure today after US economic news showed weekly continuing unemployment claims unexpectedly rose to a 2-1/2 year high, a sign of labor market weakness that is dovish for Fed policy. Also, weaker-than-expected US capital goods orders...

Barchart

Fewer Americans file for jobless claims, but continuing claims rise for 8th straight week

The number of Americans applying for unemployment benefits fell last week as layoffs remain at healthy levels despite elevated interest rates and inflation

The Independent UK

Tunisia Town Shuttered After Libya Closes Smuggler-linked Border

Months into the closure of Tunisia's main border crossing with Libya, a haven for smugglers, shops are shuttered and unemployment has soared in the already-marginalised desert region, merchants say.

International Business Times

‘Britain’s on its knees’: The broken UK town backing Nigel Farage

Clacton, with high unemployment and low immigration, looks set to finally deliver the right-wing populist to parliament.

Al Jazeera

Brussels accuses Apple of breaking EU rules; Badenoch and Reynolds clash over business – as it happened

Business secretary Kemi Badenoch and Labour opposite number, Jonathan Reynolds, debate key issues

The Guardian - UK

The cloud of coal has long hung over the Latrobe Valley. Now nuclear power is dividing it

The valley that provides most of Victoria’s electricity also has unemployment above the state average – and the Coalition’s plan for the region has split opinion

The Guardian - AU

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Fortune

Gen Z are increasingly becoming NEETs by choice—not in employment, education, or training

Gen Z are ditching the rate race and opting to become NEETs—not in employment, education, or training—creating record levels of youth unemployment around the world.

Top News

US Jobless Claims Spike To 10-Month High

Latest data reveals a surge in jobless claims, potential labor market challenges amid economic uncertainties and Federal Reserve rate hikes.

The Conversation

Unemployment has dipped, but don’t be fooled – the jobs market is weakening

For some time now – gradually, but nevertheless relentlessly – the Australian labour market has been weakening.

The Guardian - AU

Australia’s unemployment rate dips to 4% as economy adds 40,000 new jobs

Jobless rate eases as employers shrug off rising costs to keep adding to their workforces

The Guardian - AU

Obsessing over the inflation rate misses one key point: the economy is more than just how fast prices are rising

Those who salivate over other nations’ interest rates with barely any care for people losing their jobs really need to think about their priorities

The Guardian - UK

UK unemployment is up, but wage rises make early interest rate cut less likely

Bank of England will want to delay rate reduction until level of pay increases eases

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