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The Latest Breaking News from Unemployment

South Africa's unemployment is a 'ticking time bomb.' Anger rises with millions jobless

South Africa's official unemployment rate of 33% is the highest in the world, outstripping those of Gaza and the West Bank, Djibouti and Kosovo

The Independent UK

We can and should keep unemployment below 4%, says our survey of top economists

Australia’s leading economists believe Australia can sustain an unemployment rate as low as 3.75% – much lower than the latest Reserve Bank estimate of 4.25% and the Treasury’s latest estimate of 4.5%.

The Conversation

London is a beacon for talent, so why is our unemployment rate higher than the national average?

City Voices: The capital’s skills system needs drastic change to get Londoners into good jobs

Evening Standard

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London business groups team up to deliver plan for ‘higher-paying jobs’

Unemployment in London has consistently been higher than the UK average, despite the capital being the main driver of the UK economy

Evening Standard

How to use government data

The US government generates data on everything from unemployment rates to the status of endangered marine mammals. Here’s why that’s important.

USAFacts

Early retirees: should they get on their bikes?

Although for decades he was greeted by cries of “on your bike” wherever he went, Norman Tebbit never told anyone to get on a bike, said John Elledge in The New Statesman. He merely recalled, at the Tory conference in 1981, that during the Depression, his father had pedalled around…

The Week

China’s economy is struggling but fears of sustained deflation are premature

Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expected

The Guardian - UK

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Wisconsin governor vetoes unemployment insurance changes

Wisconsin Gov. Tony Evers (D) on August 4 vetoed five bills related to unemployment insurance. The bills in the package included the following proposals:

Ballotpedia

China’s record high 21% youth unemployment could actually be as high as 46.5%. Blame fake jobs and 16 million workers ‘lying flat’

In an attempt to fix misleading unemployment data, China is cracking down on universities that fudge employment numbers for their graduates.

Fortune

Adityanath hails U.P. recruitment process in Assembly, counters Akhilesh

CM Adityanath and Opposition Leader Yadav locked in war of words over education, employment. Adityanath highlighted success of BJP rule in conducting cheating-free exams, reducing unemployment rate from 19% to 3-4%. Khanna tabled report of 1983 Moradabad riots, absolving State Police from any blame.

The Hindu

Highlights Of Dimple Yadav's Speech In Lok Sabha: Attacks Modi Govt on Manipur horror, women issues, unemployment, inflation

Mainpuri MP Dimple Yadav was speaking during the discussion on the no-confidence motion in the Lok Sabha. Must read further on Dynamite news:

Dynamite News

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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WEKU

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.

Kiplinger

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.

The Conversation

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…

WEKU

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%.

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news in one place.

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Zenger

Labor Market Shows Resilience As Unemployment Claims Align With Expectations

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

The Independent UK

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

Zenger

Mixed Jobs Report Signals Uncertainty In US Economy

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

The Hindu

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 Independent UK

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.

Barchart

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...

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