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The Latest Breaking News from Unemployment

Nevada’s Horsford likely to rejoin Ways and Means panel - Roll Call

Rep. Steven Horsford is likely to fill the open seat on the House Ways and Means Committee, following the death of Rep. Bill Pascrell Jr.

Roll Call · Aug 30, 2024

ECB mulls second interest rate cut as eurozone inflation falls to 2.2%

Drop to lowest level since 2021 may lead to cut in September though unemployment figures give cause for concern

The Guardian - UK · Aug 30, 2024

S&P Futures Climb on Fed Rate Cut Hopes, U.S. Inflation Data in Focus

September S&P 500 E-Mini futures (ESU24) are trending up +0.45% this morning as the prospect of lower interest rates and a slew of upbeat earnings reports boosted sentiment, while investors geared up for the release of the Fed’s first-line inflation gauge.

Barchart · Aug 30, 2024

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US Unemployment Claims Fall Slightly Amid Healthy Labor Market

Latest Labor Department report shows slight decrease in jobless claims, hinting at a healthy U.S. labor market despite rising interest rates.

Why Nvidia’s Earnings Report Could Be More Important Than the Fed’s Next Move

In August 2023, the U.S. Federal Reserve decided to keep interest rates steady at a 23-year high of 5.33%. With inflation slowing down and the unemployment rate slightly rising, many believe that the Fed will cut interest rates in its upcoming meeting on September 17-18.

inkl · Aug 29, 2024

Unemployment is rising and Australia’s economy is weak – but don’t hit the recession alarm just yet

Are we headed for a recession? The answer is complex – although for young people it already feels like one

The Guardian - AU · Aug 28, 2024

Starting a business after university: young South African entrepreneurs discuss the highs and lows

South Africa’s youth unemployment rate, at 45.5% (among those aged between 15 and 34), is worryingly high, even in the context of widespread unemployment across the African continent. More than 72 million young people in Africa, most of them women, are neither employed nor pursuing tertiary education.

The Conversation · Aug 28, 2024

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Africa’s ‘youthquake’: huge numbers of young people have no jobs, the wrong skills and little hope

By 2050, one in every three young people on earth will be of African origin, according to the 2024 International Labour Organisation’s (ILO) Global Employment Trends for Youth report. Africa’s young people will be key players in the direction of future global consumption, culture and even stability.

The Conversation · Aug 28, 2024

‘I miss home’: 13-year-old Nigerian girls trapped and exploited in Ivory Coast sex industry

Thousands are being trafficked out of Nigeria, tricked with promises of work by agents taking advantage of record unemployment levels in the country

The Guardian - UK · Aug 26, 2024

‘No one has any money’: Israel’s restrictions stifle West Bank economy

Soaring unemployment and poverty are fuelling unrest as Palestinian firms and workers face ‘economic siege’

The Guardian - UK · Aug 23, 2024

Unemployment Benefits Applications Rise Modestly, Remain At Healthy Levels

US unemployment claims show a slight uptick, but experts remain optimistic about the labor market's stability.

South Africa’s competition law has special conditions for company mergers: do they benefit society or hinder business?

Competition is a good thing. This is the common thread through global competition law, which aims to prevent monopolies – when one firm dominates a sector.

The Conversation · Aug 21, 2024

Disgraced former congressman George Santos faces prison time after pleading guilty to fraud crimes

Santos was indicted last year on 23 charges, including wire fraud, identity theft and abusing unemployment benefits

The Independent UK · Aug 19, 2024

Historic Employment Gains For Minorities Under Trump And Biden

Former President Trump claimed historic employment gains for minority workers, but these records were surpassed during President Biden's presidency.

US Unemployment Claims Fall, Job Market Remains Resilient

Labor Department report shows a decrease in jobless claims, indicating a resilient job market despite high interest rates.

International Business Times · Aug 15, 2024

China's Underwhelming Data Dampens Hope Of Economic Recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world's second-largest economy despite recent government measures to try to stimulate expansion.

The Guardian - AU · Aug 15, 2024

Australia’s unemployment rate rises to 4.2% in July, even as employers add more than 58,000 jobs

Latest data reported by the ABS dims chances of a near-term RBA interest rate cut

The Guardian - AU · Aug 14, 2024

The RBA poured cold water on an interest rate cut before Christmas – but its hawkish stance may make inflation even worse

It seems that the lessons of the past on issuing ‘forward guidance’ have been quickly forgotten

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Barchart · Aug 13, 2024

S&P Futures Tick Higher Ahead of Key U.S. PPI Data, Home Depot Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.11% this morning as investors awaited crucial U.S. producer inflation data, comments from a Federal Reserve official, and an earnings report from home improvement chain Home Depot.

Barchart · Aug 13, 2024

S&P Futures Climb Ahead of Key U.S. PPI Data, Home Depot Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.32% this morning as investors awaited crucial U.S. producer inflation data, comments from a Federal Reserve official, and an earnings report from home improvement chain Home Depot.

The Guardian - UK · Aug 13, 2024

Nigel Farage ‘deeply irresponsible and dangerous’ during riots, says Tory leader contender – as it happened

Tom Tugendhat criticises Reform UK leader’s attempt to amplify ‘false information’ and for his failure to condemn the riots

The Guardian - UK · Aug 13, 2024

UK unemployment falls as wages growth hits lowest in two years

Rachel Reeves says there is more to do in supporting people into employment and she will take action in budget

The Guardian - UK · Aug 13, 2024

AstraZeneca hits £200bn valuation as ambitious plans pay off – as it happened

Pharmaceuticals giant has hit a £200bn stock market valuation, a decade after fighting off Pfizer’s takeover approach

Newslaundry · Aug 10, 2024

A herbal firm’s handbook of ‘abuse’: ‘Drugs, fraud, and youngsters confined to rooms’

At a hotel in Bihar’s Begusarai on March 21, union minister and MP Giriraj Singh thundered on stage before a crowd of youngsters in suits. “A leader doesn’t mean a political leader…you’ve reached here by battling unemployment. So you are the real leader…If I wasn’t an MP, I would’ve worked…

Barchart · Aug 8, 2024

Dollar Boosted by Higher T-note Yields

The dollar index (DXY00 ) on Thursday rose slightly by +0.03%. The dollar Thursday erased overnight losses and turned slightly higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. The dollar gave up most of its advance...

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