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The Latest Breaking News from Unemployment

Global Markets Today While US Was Sleeping

On Friday, August 4, the U.S. markets ended lower as investors assessed the latest batch of jobs data

Zenger

Bhatti urges government not to resume assigned lands for any reason

CLP Leader M. Bhatti Vikramarka requested State govt not to resume assigned lands for public/community purpose. 8-10K acres given to multi-nationals & Pharma City. High unemployment & denial of RoFR pattas to tribal families. CM announced ₹5K honorarium to 7K imams & mauzams. BJP suggested writing off ₹10K cr interest…

The Hindu

State mismanagement let unemployment insurance fraud run rampant

The recent report by the state’s auditor general makes it clear that the Illinois Department of Employment Security was negligent and incompetent in performing its duties.

Chicago Sun-Times

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The case for a soft landing in the economy just got another boost

U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

WEKU

Jobs Report Shows Pace of Hiring Slowed in July: What the Experts Are Saying

A mixed jobs report should keep the Fed on track to leave interest rates unchanged at its next meeting, experts say.

Kiplinger

UK interest rates: crashing the economy is no way to bring down inflation

The Bank of England (BoE) has raised interest rates once again to 5.25%, mirroring similar moves by the Federal Reserve and the European Central Bank. The fact that the UK is still suffering from high inflation – higher than either the US or eurozone – made another rate rise appear…

The Conversation

The U.S. added jobs at a solid pace in July, reinforcing hopes about the economy

U.S. employers added 187,000 jobs in July, still marking a steady pace of growth. The unemployment rate edged down to 3.5%.

WEKU

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Labor Market Shows Resilience As Unemployment Claims Align With Expectations

US Jobless Claims Slightly Rise to 227,000, Matching Economist Predictions

Zenger

Weekly applications for US jobless aid tick up from 5-month low

The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job market

The Independent UK

Mixed Jobs Report Signals Uncertainty In US Economy

Unemployment rate drops, but job additions fall short of expectations, impacting Fed's interest rate decisions.

Zenger

Data | The contours of India’s ‘formal jobs’ crisis

The Indian government has been using the Employees Provident Fund (EPF) scheme’s data as a measure of payroll employment and formal job creation since 2017. The monthly data released from this initiative has generally shown an increase in the number of contributors, which is portrayed as evidence of employment creation…

The Hindu

Unemployment benefits safety net ‘torn apart’ by Tories, claims SNP

The party analysed OECD data to determine that the UK’s benefits lag behind other European countries.

The Independent UK

Dollar Gains on Higher Bond Yields and Yen Weakness

The dollar index (DXY00 ) Tuesday rose by +0.42% and posted a 3-week high. The dollar Tuesday garnered support from higher T-note yields. Also, weakness in the yen gave the dollar a boost after the yen Tuesday dropped to a 3-week low against the dollar. In addition, a slide in...

Barchart

Most Stocks Under Pressure from Earnings and Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.22%. Stocks this morning are mixed, with the Dow Jones...

Barchart

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Barchart

Stock Index Futures Slip as Investors Await Key U.S. Economic Data, Chinese Data Disappoints

September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.25% this morning as market participants digested weak Chinese and Eurozone manufacturing data while looking ahead to the U.S. ISM manufacturing survey.

The Conversation

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

The Guardian - UK

The UK is the work-from-home capital of Europe. Now let’s work on getting it right

A head start on remote working, and low unemployment, left us in prime position. But we need to ensure all are supported, says Prof Christine Grant, an occupational psychologist

Fortune

Chinese youth unemployment is so dire that some parents are paying their adult kids to be ‘full-time children’

It's the latest in a slew of Gen Z anti-work trends in China.

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news in one place.

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The Guardian - UK

China’s graduates unconvinced by calls to toil in countryside

Amid record youth unemployment, the government wants young people to ‘go to the farmland’ – but the prospect is unappealing for many

Fortune

Bidenomics’ critics are being proven wrong. Happy days are here again

How has the U.S. economy proven so resilient? Partly due to Bidenomics, write Yale's Sonnenfeld and Tian.

The Hindu

Can Artificial Intelligence help in delivering speedy justice needs a thought, says KSLU Vice-Chancellor

KSLU VC C. Basavaraju emphasised need to ponder how AI can be adopted in legal system for speedy justice. AI has benefits, but also negative aspects that need to be considered. Need strong IT law to prevent misuse. Technology revolution has made us ponder if it can solve issues like…

The Independent UK

Congressional Budget Office predicts slower economic growth and 4.7% unemployment into 2024

The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024

The Guardian - AU

Inflation has peaked – but will the RBA stop raising rates and focus on locking in low unemployment?

The latest numbers show success in the fight against inflation even as jobs figures remain stable

Ballotpedia

U.S. weekly unemployment insurance claims fall to 228,000

New applications for U.S. unemployment insurance benefits fell 9,000 for the week ending July 15 to a seasonally adjusted 228,000. The previous week’s figure was unrevised. The four-week moving average as of July 15 fell 9,250 from the previous week’s unrevised average to 237,500.

France 24

Beijing to provide more economic support to boost sluggish post-pandemic recovery

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on…

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