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The Latest Breaking News from Unemployment

The strategist who called a recession after the regional banking crisis says it already happened and nobody noticed

The catch is it's global. The heated debate about a U.S. recession is a moot point. The much bigger story is that a typical world recession has likely already started."

Fortune

US job market shows fresh strength with ADP and layoff data

The U.S. labor market showed fresh signs of resilience on Thursday, as private hiring surged, layoffs slowed and filings for unemployment benefits stayed relatively low.

Tribune News Service

‘People are dying’: South Africa workers protest economic woes

South Africa is facing rolling electricity blackouts, high unemployment and growing social unrest due to economic woes.

Al Jazeera

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Wall Street buys into Bidenomics, with the top economists at Goldman and other banks saying we could really dodge a recession

The White House is taking a victory lap, and economists at Goldman Sachs and JPMorgan are offering rosier economic forecasts.

Fortune

U.S. weekly unemployment insurance claims fall to 239,000

New applications for U.S. unemployment insurance benefits fell 26,000 for the week ending June 24 to a seasonally adjusted 239,000. The previous week’s figure was revised up by 1,000 to 265,000. The four-week moving average as of June 24 rose 1,500 from the previous week’s revised average to 257,500.

Ballotpedia

How Jamaica and its prime minister are becoming a mini-superpower in the Caribbean

KINGSTON, Jamaica -- New commercial and high-end condominiums are rising from the dirt, the minimum wage is going up, unemployment is the lowest it’s been in years and tourism — the engine of the economy — is once more booming.

Miami Herald

Congress chief Kharge slams Centre over price rise, unemployment

Mallikarjun Kharge’s attack came a day after the Congress slammed the Centre over rising prices of vegetables and other essential food items and demanded immediate steps from his government to address the issue.

The Hindu

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China’s jobless youths may pose political risk, top adviser says

China’s growing youth unemployment rate could trigger political problems if not properly handled, warned a prominent economist who has advised President Xi Jinping’s government.

Tribune News Service

Data | How much employment generation does the economy need?

If policymakers talk of creating work for 5 million-8 million young in India, that will barely scratch India’s unemployment problem

The Hindu

Jobless people in country number 7 million

Fifty years ago, the unemployment situation in the country deteriorated year after year and the number of jobless had reached the 7.27 million mark by April

The Hindu

The dramatic resurgence of Bitcoin is the biggest surprise of the year

Business & investing: There's a mixed scorecard for the markets at the halfway point of the year, but the world’s most popular cryptocurrency is powering higher thanks to renewed interest by some of the world’s largest investment funds. Andrew Patterson reports.

Newsroom.co.nz

Monsoon session of Parliament: Congress plans to corner government over Manipur violence, inflation

NEW DELHI: The principal opposition Congress party has strategised to corner the Narendra Modi government in the forthcoming monsoon session of Parliament on various pressing issues facing the country, including the Manipur violence, rising inflation, unemployment and the “assault” on the federal structure of the country the way governors of…

The Times of India

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Fortune

Cooling Labor Market Can Help Inflation Come Down: Kiplinger Economic Forecasts

Inflation could ease further as the labor market cools, with unemployment edging up and more workers who are reluctant to quit.

Kiplinger

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Barchart

S&P Futures Climb Ahead of Key U.S. Inflation Data

September S&P 500 futures (ESU23) are trending up +0.33% this morning as market participants awaited a reading on the Federal Reserve’s preferred inflation gauge.

Tribune News Service

US jobless claims drop by most since 2021 in holiday week

U.S. unemployment benefits applications fell last week by the most since October 2021 in a week that included the Juneteenth holiday.

The Independent UK

Applications for jobless benefits in the U.S. retreat after three weeks of higher claims

Applications for unemployment benefits fell significantly last week after it appeared claims had reached a modestly elevated level in recent weeks

Newsroom.co.nz

Finance Minister removes house prices from Reserve Bank remit

Newsroom is an independent, New Zealand-based news and current affairs site.

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Ballotpedia

U.S. weekly unemployment insurance claims unchanged at 264,000

New applications for U.S. unemployment insurance benefits for the week ending June 17 were unchanged from the previous week’s revised number at 264,000. The four-week moving average as of June 17 increased 8,500 from the previous week’s revised number to 255,750. The average is the highest since November 13, 2021.

The Independent UK

Sierra Leone's president seeks another term as opponents complain about the economy and unemployment

Voters in Sierra Leone are deciding whether to give President Julius Maada Bio a second term in office

Ballotpedia

U.S. weekly unemployment insurance claims unchanged at 262,000

New applications for U.S. unemployment insurance benefits for the week ending June 10 were unchanged from the previous week’s revised number at 262,000. The four-week moving average as of June 10 increased 9,250 from the previous week’s revised number to 246,750. The average is the highest since November 20, 2021.

The Independent UK

Weekly US applications for unemployment aid remain elevated

The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s rate hikes are beginning to cool a still-strong labor market

The Guardian - AU

Why does the RBA want unemployment to go up? And what has it got to do with inflation?

The Reserve Bank deputy governor’s assessment that unemployment was ‘too low’ to tame inflation drew anger from unions. But was it correct?

Newcastle Herald

Reserve Bank says Newcastle labour market 'tight', but it may not last long

Deputy governor Michele Bullock told a Newcastle industry lunch that unemployment would rise to help control inflation.

The New Daily

Michael Pascoe: Speech shows RBA clueless on employment

You can rely on the Reserve Bank to miss or downplay a major factor or two when it strays into what’s actually happening in Australia.

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