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The Latest Breaking News from Unemployment

UK borrowing costs soar above levels of Liz Truss premiership

Stronger than expected job and pay data makes interest rate rise more likely, driving up two-year bond yields

The Guardian - UK

Scotland’s employment rate falls

85,000 people aged 16 and over in Scotland were unemployed between February and April

Insider UK

UK short-term borrowing costs surge above Truss-era highs; US inflation falls to 4% – as it happened

UK interest rates expected to hit 5.5% by December after regular pay grows by a record, sending two-year bond yields soaring

The Guardian - UK

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North East unemployment falls to record low, new figures show

Unemployment in the North East is lower than the national average for the first time since the figures began

Chronicle Live

FTSE 100 Live: Shares rise; US inflation falls to 4%; gilt yields soar beyond mini-Budget high

A return to growth for the UK economy in April was today offset by caution in the recruitment sector after staffing firm Robert Walters warned on profits.

Evening Standard

How universal basic income's impact on people's finances could transform the nation's health

In October 1936, 200 men marched from South Tyneside to London to protest against the poverty and unemployment in their town, Jarrow.

The Conversation

It’s a struggle to leave behind the wealth or poverty of our birthplace

Research reveals the extent to which our earnings and values are determined by where we are born

The Guardian - UK

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West Lothian unemployment figures at 'record' low levels

The figures reflect a pre-pandemic historic low in the county

Daily Record

Inflation, unemployment, interest rate hikes: is it any wonder Australia’s misery index is rising?

Alleviate supermarket blues by performing a funky dance in the canned veg section

The Guardian - AU

Dollar Slides as T-note Yields Fall on U.S. Jobless Claims Jump

The dollar index (DXY00 ) on Thursday tumbled to a 2-week low and finished down by -0.72%. The dollar retreated Thursday after U.S. weekly initial unemployment claims jumped to a 19-month high and knocked T-note yields lower. Also, expectations for the Fed to pause its rate hike campaign at next...

Barchart

US applications for jobless benefits highest since October 2021

The number of Americans applying for unemployment benefits last week rose to its highest level since October 2021, but the labor market remains one of the healthiest parts of the U.S. economy

The Independent UK

West Lothian unemployment figures being kept down by new businesses

New start businesses are worth £16m to local economy councillors hear as 308 firms launch in last year alone.

Edinburgh Live

Crude Inventories, Unemployment Claims and Other Key Things to Watch This Week

Markets breathed a sigh of relief last week as it appears the debt ceiling drama has come to an end (at least for now). Even with that behind us, there are still plenty of things to watch in the upcoming weeks

Barchart

Why is inflation still so bad? Extreme-low unemployment rates in these states are a major factor

Historically low joblessness is one reason inflation is still a thorny problem.

Fortune

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Radio France Internationale

Global employment gap grows as poor countries struggle to recover like rich ones

A report from the UN's International Labour Organisation predicts that global unemployment will finally fall below pre-pandemic levels in 2023 – but only in high-income countries, which have recovered faster from Covid and other crises.

ABC News

Halls Creek TAFE struggles amid staff shortages as leaders call for more training

Halls Creek has high unemployment despite a huge worker shortage, prompting leaders to aim frustration at the town's often empty and padlocked TAFE campus.

The Hindu

GOs issued on Yuva Nidhi, Anna Bhagya

A day after the Cabinet approved the implementation dates for the five pre-poll guarantees of the Congress, the State government on Saturday notified a Government Order fixing eligibility criteria for seeking benefits from Yuva Nidhi scheme that promises unemployment benefits for graduates and diploma holders.

WEKU

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

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Bangkok Post

China's youth unemployment problem

This month, China released official statistics showing that its unemployment rate for young people (16-24 years old) reached a record high of 20.4% in April. Worse, the news comes just one month before another 11.6 million students will graduate from college and vocational schools and enter the job market.

Chicago Sun-Times

US hiring jumped last month. So did unemployment. Here’s what that says about the economy.

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.

The Hindu

Demand to extend Yuva Nidhi scheme for all unemployed youths

Various students organisations lauded the state government’s ‘Yuva Nidhi’ scheme to provide an unemployment allowance, but also demanded that the government extend the scheme for all unemployed youths.

Kiplinger

Jobs Report Shows Hiring Surge in May: What the Experts Are Saying

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.

France 24

Fact or fake: Does the EU cohesion policy ignore young people?

One in six Europeans is aged between 18 and 29. The demographic was particularly hard hit by the Covid-19 pandemic, and despite the economic recovery that followed, youth unemployment levels remain high. The EU has a few programs in place to help them. We tell you more in this edition…

The Guardian - US

US jobs market remains strong despite high interest rates and debt ceiling fight

US adds 339,000 jobs in May, surpassing forecasts, as unemployment rate increases slightly to 3.7%

Barchart

S&P Futures Climb Ahead of Key U.S. Payrolls Data, U.S. Congress Passes Debt Bill

June S&P 500 futures (ESM23) are trending up +0.45% this morning as the passage of a U.S. debt ceiling bill in Washington boosted market sentiment, while investors looked ahead to a crucial U.S. nonfarm payrolls report that might clarify the Federal Reserve’s policy path.

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