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The Latest Breaking News from Unemployment

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.

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 Conversation · Jun 13, 2024

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 · Jun 13, 2024

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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 - AU · Jun 12, 2024

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

The Guardian - UK · Jun 11, 2024

FTSE 100 Live 11 June: Index closes down 1% amid surprise unemployment rise, high wage growth

The US interest rate outlook is today’s major focus amid a stronger session for European markets.

Evening Standard · Jun 11, 2024

Strong wage growth will further delay cut in UK interest rates, City believes

First cuts not expected until late summer or early autumn despite evidence jobs market is cooling

The Guardian - UK · Jun 11, 2024

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Pre-election UK interest rate cut unlikely despite cooling jobs market and rising mortgage arrears; Moody’s warns France over snap election – as it happened

Latest UK labour market report shows signs of cooling, as jobless rate hits highest since 2021

The Guardian - UK · Jun 11, 2024

Do unemployment benefits stifle entrepreneurship? It’s complicated

Unemployment in the UK rose to 4.4% at the end of April 2024. While this is by no means a worrying level of joblessness for an economy, it is the highest since September 2021, in the second year of the COVID pandemic, when it reached 4.4%.

The Conversation · Jun 10, 2024

UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April

The Guardian - UK · Jun 10, 2024

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Unemployment and inflation among the biggest challenges facing Modi’s reduced coalition, analysts say.

Al Jazeera · Jun 9, 2024

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

Newslaundry · Jun 9, 2024

Latino unemployment rate climbs back to 5 percent in blowout jobs report for May

The employed population remained largely unchanged. Overall, nonfarm payrolls increased by 272,000 last month

Latin Times · Jun 7, 2024

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Fortune · Jun 7, 2024

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Kiplinger · Jun 7, 2024

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

The Guardian - AU · Jun 7, 2024

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

International Business Times · Jun 7, 2024

US Economy Adds More Jobs Than Projected As Unemployment Rate Hits 4%

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

International Business Times · Jun 7, 2024

US Hiring Surges Past Expectations As Job Market Still Strong

US job growth blew past estimates in May while unemployment also edged up, according to government data released Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually.

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US Unemployment Rate Hits 4%, Fed Not Concerned

US jobs report reveals 4% unemployment rate, surprising economists. Federal Reserve Chair Powell downplays impact on monetary policy.

US Stocks Dip As Job Market Surges In May

US stocks fell on Friday due to strong job market data in May, leading to a rise in bond yields. Unemployment rate in the US also increased to 4%.

The Conversation · Jun 7, 2024

Why doesn’t economic good news shift the polls for Rishi Sunak? An analysis of 27 past elections explains the problem

One of the few success stories of the Conservative government is the fall in inflation, which is now close to the target rate set by the Bank of England. In April 2024, the consumer price index, the most common measure of inflation, increased by 3% over the previous year compared…

Al Jazeera · Jun 7, 2024

Gaza unemployment since start of Israel’s war soars to nearly 80%: ILO

Labour agency says occupied West Bank joblessness stands at almost 32 percent, giving a combined total of 50.8 percent.

International Business Times UK · Jun 7, 2024

How Much Should I Have In My Emergency Fund If I Live Paycheck to Paycheck? Two Experts Weigh In

Experts recommend a $2,467 emergency fund for low-income savers, but this might no longer work considering the current economic climate.

US Jobless Claims Rise, Layoffs Remain Low Amid Economic Uncertainty

Insights on the U.S. labor market: jobless claims rise slightly, hiring pace moderates, and tech companies announce layoffs.

The Conversation · Jun 6, 2024

Job figures are coming out, and here’s my prediction: The markets will overreact to the headlines

As the saying goes, “There are lies, damn lies and statistics.”

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