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The Latest Breaking News from Unemployment

US recurring jobless claims jump to highest since November 2021

Recurring U.S. unemployment benefit claims jumped to the highest level since November 2021, indicating some softening in the labor market.

Tribune News Service

Senate supporters rally to Labor nominee Su against GOP critics - Roll Call

Senate supporters of Julie Su, President Biden's nominee for Labor secretary, rallied to her cause in the face of Republican criticism.

Roll Call

US unemployment claims tick up to 245,000, but still low

The number of Americans applying for unemployment benefits rose last week but remains low by historic standards

The Independent UK

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Young people in China struggle to find jobs as the country's youth unemployment rate rises

Millions of university-educated, young people in China are unemployed and new data released by Chinese authorities shows the problem is getting worse.

ABC News

Wisconsin introduces unemployment insurance indexing bill

Wisconsin lawmakers on April 7 introduced several bills related to unemployment insurance, including one that would index the length of unemployment insurance benefits to the state’s unemployment rate. Assembly Bill 153 would reduce the maximum number of benefit weeks to 14 during times when the unemployment rate is at or…

Ballotpedia

Government ignores calls from its own experts to lift ‘seriously inadequate’ jobseeker rate

Unemployment benefit rates are at ‘such an inadequate level that they create a barrier to paid work’, committee finds

The Guardian - AU

S&P Futures Climb as Investors Weigh Economic Outlook, U.S. Bank Earnings on Tap

June S&P 500 futures (ESM23) are trending up +0.34% this morning after three major U.S. benchmark indices ended the regular session higher as market participants digested the latest batch of corporate earnings while seeking more clarity on the Federal Reserve’s monetary policy stance.

Barchart

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S&P Futures Climb as Investors Await More Earnings, Fed Clues

Barchart

Record number of people in work in Scotland

Scotland is also faring better with unemployment compared to the rest of the UK

Insider UK

UK unemployment rises as pay growth lags behind high inflation

Softer conditions in jobs market means unemployment rate unexpectedly edges higher to 3.8%

The Guardian - UK

Record number of people in work in Scotland, figures show

The latest data showed there were 2.4 million workers on payrolls across Scotland – an increase of 50,000 from February 2020.

The Independent UK

North East sees largest fall in unemployment in last year, new figures show

New figures showed a slight rise from last month's record low, but the region has led the country over the last year

Chronicle Live

Unemployment rate rises as 'earnings are still falling in real terms'

It is the ninth month in a row that the rate has risen

Wales Online

UK unemployment up as wage growth continues to be outstripped by soaring costs

Latest Office for National Statistics figures also show vacancies fell by another 47,000 to 1.1 million in the three months to March

The Independent UK

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The Guardian - UK

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

Evening Standard

FTSE 100 Live: Markets await inflation reading; FTSE closes above 7900 for first time in six weeks

Inflation’s run above 10% rolled into a seventh month today after food prices left the annual rate at a bigger-than-expected 10.1%.

Fortune

China's 19.6% youth unemployment rate may pose 'a threat to social stability'

High youth joblessness defies an otherwise improving economy that grew 4.5% last quarter.

Al Jazeera

World’s largest population: Will India gain or lose?

India has the world’s largest workforce. But without enough good jobs, that unmatched advantage could be a nightmare.

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Caixin Global

Editorial: Don’t Blame China’s Jobless Youth Problem on the Surge in New Graduates

The source of the issue lies with the supply of jobs, which needs to be addressed by improving the economy, particularly the private sector

Daily Mirror

Rwandan politician says the country isn't safe for refugees from the UK

Victoire Ingabire Umuhoza said high unemployment and a heavy-handed approach to protests made the Central African country unsuitable for the UK's deportation project, which was unveiled more than a year ago but hasn't seen any flights take off

The New Daily

Alan Kohler: Don’t get too accustomed to low unemployment. Here’s why it won’t last

With unemployment now back at 3.5 per cent, workers seem to have regained their bargaining power – until technology takes it away again.

StockNews.com

Bullish or Bearish…You Decide

There is a lot of bearish energy out there right now. Even the Fed seems to be calling for a recession... and the experts who aren't worried about a recession are worried about stagflation. (For anyone who is a few years removed from Econ 101, that's the one where we…

ABC News

Unemployment is at a 50-year low but jobseekers are being urged to avoid complacency

An employment specialist says widespread workforce shortages are driving complacency among job applicants, who aren't marketing themselves well to employers.

Barchart

Dollar Slumps on U.S. Economic Concerns and Euro Strength

The dollar index (DXY00 ) on Thursday fell by -0.47%. The dollar Thursday moved lower for the third straight session and posted a 10-week low. Thursday’s U.S. PPI and initial unemployment claims reports were dovish for Fed policy and weighed on the dollar. A rally in the euro Thursday to...

Barchart

Stocks Moderately Higher on Soft U.S. Inflation and Labor Market News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.24%. U.S. stock indexes this morning are moderately higher after...

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