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The Latest Breaking News from Unemployment

Labour shortage threatens Australia’s post-pandemic resurgence

Unemployment has hit a near 50-year low but companies are struggling to find workers

Financial Times

As Australian job vacancies double, which sectors are facing the biggest labour shortages?

With almost full employment, nearly everyone willing and able to work is in a position already. So which industries are feeling the squeeze, and why?

The Guardian - AU

Charles Darwin University returns to north-east Arnhem Land to deliver courses on country

University courses have returned to a far-flung corner of the Northern Territory, in a bid to try and turn around high unemployment rates, and skill people up in remote communities.

ABC News

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Muslims’ high unemployment rate ‘not due to cultural and religious practices’

Study challenges idea poor outcomes are due to Muslims’ so-called ‘sociocultural attitudes’

The Guardian - UK

Opposition demands debate on Agnipath scheme in Monsoon Session of Parliament

Several Opposition parties, including TMC, BJD, Shiv Sena, TDP, Akali Dal, CPI(M),CPI, RSP and JMM, skipped the meeting chaired by Lok Sabha Speaker

The Hindu

Michael Pascoe: ‘Everyone’ was wrong about wages – and they may be again

Workers don’t think their boss is open to giving a fat pay increase, writes Michael Pascoe. Fears of a a wage-price spiral are well overblown.

The New Daily

Digital labour platforms subject global South workers to 'algorithmic insecurity'

Digital labour platforms are rapidly transforming the world of work. Many governments in the global south have welcomed platforms that bring businesses, workers and consumers together, creating opportunities to reduce unemployment. But what happens when jobs are turned into tasks? Workers are increasingly managed by apps that allocate these tasks…

The Conversation

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Young people in the Middle East struggle to see a promising future

The Middle East’s population is growing almost twice as fast as the world overall, and one-third of its people are under the age of 15.

The Conversation

RBA unbound: central bank now has a free hand to belt inflation

With unemployment at a 48-year low of 3.5%, the Reserve Bank can hike interest rates with virtual impunity.

Crikey

Bank of America fined $225 mn for 'botching' US Covid-19 aid payments

New York (AFP) - Two US agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other public benefit programs at the height of the Covid-19 pandemic.

AFP

Is there upside to political polarisation?

While there are no ironclad laws of politics, two tendencies in the United States -- midterm swings against the incumbent party (the "midterm blues") and the negative electoral effects of inflation and unemployment ("political business cycles") -- come pretty close. US President Joe Biden (whose approval rating has sunk for…

Bangkok Post

US jobless claims rise to highest since November in holiday week

Applications for U.S. state unemployment insurance rose to the highest level since November during the week that included the July 4 holiday, led by a big jump in New York.

Tribune News Service

‘Secret weapon’: Female jobs boom drives COVID recovery as unemployment rate falls

Women have emerged as a “secret weapon” driving Australia’s world leading COVID recovery, with a huge rise in female jobs easing labour shortages.

The New Daily

The Loop: Authorities rush to slow new COVID-19 wave, unemployment drops again, and look out for the biggest supermoon of the year

Get up to speed on today's headlines with The Loop.

ABC News

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The Conversation

3.5% unemployment: Australia's jobless rate at its lowest since 1974

It’s not an academic way to start an article about Australia’s latest jobs numbers, but all I can think is “wow”.

The News Lens

Can India Tackle Its Population Challenge?

Around 22% of the global workforce over the next three decades is expected to come from India. Experts say unemployment in the country will be “a huge problem” if more skilled workers are not trained.

ABC News

Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June

Australia's official unemployment rate drops to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month.

Irish Mirror

Man, 20s, arrested after PUP fraud amounting to €49,500 as gardai seize laptops, phones, cash and car

Gardaí attached to the Garda National Economic Crime Bureau (GNECB), conducted the search as part of an ongoing investigation into the fraudulent claiming of the Pandemic Unemployment Payment (PUP) and the laundering of the proceeds of international Business Email Compromise (BEC) frauds

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AAP

Unemployment rate hit 48-year low in June

Economists are using words like "stunning" and "staggering" after Australia's unemployment rate fell to 3.5 per cent in June, the lowest rate since August 1974.

Crikey

Further unemployment rate fall predicted

The national unemployment rate is set to fall further to 3.8 per cent when new labour force figures are released on Thursday.

The Conversation

Canadians are relocating for jobs amid steep inflation and low unemployment

Over the past two years, COVID-19 has dramatically affected the global job market. Canada is no exception to this upheaval. In the first quarter of 2020, a 15 per cent decline in Canada’s employment rate was reported and attributed to COVID-19.

The Hindu

Congress questions Finance Minister’s interest in tackling inflation

Nirmala Sitharaman had tweeted pictures taken by NASA’s James Webb telescope

The Conversation

NZ has reached 'full employment' – but not all workers will benefit from a tighter labour market

New Zealand’s unemployment rate hit a low of 3.2% in the fourth quarter of 2021 and again in the first quarter of this year. That’s the lowest the rate has been since at least 1986, both overall and separately for men (3.1% in both quarters) and women (3.3% in both…

Ballotpedia

U.S. weekly unemployment insurance claims rise to 235,000

New applications for U.S. unemployment insurance benefits rose 4,000 for the week ending July 2 to a seasonally adjusted 235,000. The four-week moving average as of July 2 rose to 232,500 from 231,750 as of the week ending June 25.

Crikey

Online job ads at a 14-year high

There were 303,400 jobs being advertised online in June, the most since April 2008, another sign of an incredibly tight labour market.

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People

Adhir Ranjan Chowdhury

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Charles Darwin University

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NAIRU

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