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The Latest Breaking News from Unemployment

Applications for US jobless benefits tick up slightly

The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before

The Independent UK

Multimillionaire Tim Gurner regrets ‘deeply insensitive’ comments calling for ‘pain in the economy’

Property developer and Gurner Group CEO says suggestion unemployment should increase by 40% to 50% to create more productive workers was ‘wrong’

The Guardian - AU

Australian economy adds 65,000 jobs in August, raising prospect of further rate hikes

Unemployment rate remains steady at 3.7% in a sign that the economy could avoid a hard landing as impact of 12 interest rate rises is felt by households

The Guardian - AU

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Tim Gurner’s spray about ‘arrogant’ workers lays bare the economic sadism of our time

The multimillionaire boss who suggested Australia’s unemployment needs to rise exemplifies the dangers of a radicalised lumpenbourgeoisie

The Guardian - AU

INDIA parties to hold joint rally in Bhopal, start process for determining seat-sharing

INDIA bloc holds first meeting in New Delhi; decides to hold joint rally in Bhopal, Madhya Pradesh; start process for seat sharing and take up caste census issue. Abhishek Banerjee of TMC absent due to ED summon. AAP's Raghav Chadha proposes talks on seat sharing at national level. NC's Omar…

The Hindu

Millionaire CEO wants unemployment to jump to 50% because workers have become ‘arrogant’

Property developer Tim Gurner’s comments slammed as the ‘epitome of class warfare’

The Independent UK

AOC takes aim at multimillionaire Australian property developer who wants unemployment to jump

Alexandria Ocasio-Cortez tweeted that CEO pay had skyrocketed, in response to claim workers had become ‘arrogant’ since Covid

The Guardian - AU

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China's 'full-time children' move back in with parents, take on chores as good jobs grow scarce

A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19

The Independent UK

Twitter Is Tearing Millionaire Knob Tim Gurner A New One After He Said Tradies Don’t Work Hard Enough

Millionaire Tim Gurner has become the target for hilarious burns online after his cooked comments about tradies not working, and more.

Pedestrian.tv

UK immigration policy blamed for unemployment rise in Scotland

THE UK Government’s immigration policy must be urgently reassessed with hospitality and agriculture sectors in Scotland continuing to struggle…

The National (Scotland)

UK jobs market ‘on the turn’ as unemployment rises; ‘terrifying’ increase in mortgage arrears – as it happened

Total pay jumps by 8.5% in the last year – ahead of inflation – while value of mortgages in arrears is now the highest in almost seven years

The Guardian - UK

FTSE 100 Live: BP boss quits, FTSE closes up 0.4% as interest rate rise fears ease, Apple down

London’s FTSE 100 re-took the 7500-point mark helped by rallying banks as investors absorb jobs and wages data into the Bank of England’s next rate call later this month.

Evening Standard

UK pay rises at record rate despite growth in unemployment

Figures will add to Bank of England’s dilemma over whether to increase interest rates again next week

The Guardian - UK

AAP leader interacts with youth in Haryana

Anurag Dhanda, AAP senior VP, interacted with youth in Kurukshetra and led a bike rally. He criticized the ruling coalition for alleged corruption in recruitment exams and not conducting elections in colleges/universities. He said youth in Haryana are suffering from unemployment and are forced to go abroad. He accused JJP…

The Hindu

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Chicago Sun-Times

Is the worst behind us? What unemployment data for metro Chicago indicates

For the first time since before the pandemic, metro Chicago posted jobless rates below 4% across three consecutive months.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 216,000

New applications for U.S. unemployment insurance benefits fell 13,000 for the week ending September 2 to a seasonally adjusted 216,000. The previous week’s figure was revised up by 1,000 to 229,000. The four-week moving average as of September 2 fell 8,500 from the previous week’s revised average to 229,250.

WEKU

Up First briefing: Hurricane Lee grows; Danny Masterson sentenced; Maui needs tourism

Forecasters say the Category 5 hurricane could see "remarkable rates of intensification." That '70s Show actor Masterson faces 30 years to life for rape. Without tourism, unemployment surges in Maui.

The Hindu

Do subsidies and safety nets take focus away from generating jobs?

The Hindu Parley discussion on whether poll promises are a distraction from providing solutions to what appears to be a systemic concern – jobless growth?

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The Independent UK

Maui beckons tourists, and their dollars, to stave off economic disaster after wildfires

So few tourists are coming to the Hawaiian island of Maui after last month's wildfires that restaurants and tour companies are laying off workers and unemployment is surging

Fortune

‘The death of this economy was greatly exaggerated’: Initial jobless claims just fell to their lowest level since February, increasing the odds of a soft landing

Strong initial claims data is evidence that a recession in 2023 is looking less likely, many economists say.

The Independent UK

US applications for unemployment benefits fall to lowest level in 7 months

The number of Americans applying for unemployment benefits last week fell to the lowest level in seven months, another sign that the labor market remains largely unaffected by higher interest rates

Ballotpedia

California legislators introduce bill proposing unemployment benefits for striking workers

The California State Assembly advanced a bill in late August that proposed allowing striking workers to claim unemployment insurance benefits after striking for two weeks. The deadline for introducing new legislation had passed, so legislators rewrote Senate Bill 799, which previously related to corrections and criminal rehabilitation, to propose expanding…

Fortune

The odds of a recession are now just 15% because fading inflation and a strong labor market are changing the equation, Goldman Sachs says

Positive inflation and labor data has prompted Goldman Sachs' chief economist to rethink the probability of a recession in the next 12 months.

The Independent UK

George Santos plays down talk of plea deal in fraud case

Controversial New York Republican denies embezzling money from his campaign, falsely receiving unemployment funds and lying to Congress about his finances

The Hindu

PM Modi interview | BJP hails PM’s vision, Opposition flags unemployment

In the interview, Prime Minister Modi said his government’s decision to host G-20 events across the country is an investment in capacity-building among people, cities and institutions.

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