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The Latest Breaking News from Unemployment

Aussie unemployment rate hangs on at 3.5 per cent

The labour market has proved resilient, with the jobless rate coming in at 3.5 per cent and 33,000 new jobs added to the economy.

AAP

U.S. weekly unemployment insurance claims fall to 237,000

New applications for U.S. unemployment insurance benefits fell 12,000 for the week ending July 8 to a seasonally adjusted 237,000. The previous week’s figure was revised up by 1,000 to 249,000. The four-week moving average as of July 8 fell 6,750 from the previous week’s revised average to 246,750.

Ballotpedia

Australia is on the brink of ending interest rate hikes and an economic first – beating inflation without a recession

What if Reserve Bank Governor Philip Lowe and his successor Michele Bullock were able to achieve something truly remarkable – a steady decline in inflation without further interest rate increases, and without bringing on a recession.

The Conversation

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'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

AAP

Hundreds charged after NSW domestic violence operation; South Australia moves to ban no cause evictions – as it happened

This blog is now closed.

The Guardian - AU

The 5 Cheapest Cities to Live in America Right Now

Americans continue to move between states at a rapid pace, seeking out cheaper places to live. Which are the cheapest cities to live in today?

Barchart

US Producer Prices Rise Slightly In June, Inflation Remains Subdued

Lower-than-expected PPI and unemployment claims reinforce market expectations for Fed to pause tightening policy.

Zenger

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Development projects worth ₹2 lakh crore under way in A.P.: Gadkari

Union Minister Gadkari expressed satisfaction at Andhra Pradesh's development efforts. Projects worth ₹2 lakh crore are in progress, doubling national highways from 4,193 km to 8,744 km. PM Modi's vision of poverty/unemployment eradication through infrastructure is being implemented. Projects worth ₹17,000 crore in Tirupati, inter-modal bus terminus, and Swastya hospital…

The Hindu

Looking for work? 3 tips on how social media can help young South Africans

South Africa has a growing unemployment rate. Statistics show the unemployment rate to be above 60% for those aged 15-24 and over 40% for those aged 25-34 years. Rankings from the World Bank position South Africa as having the highest unemployment rate in the world.

The Conversation

US jobless claims dip to 237,000 as labor market stays resilient

U.S. applications for unemployment benefits fell last week, suggesting companies are holding onto workers despite a moderation in job gains.

Tribune News Service

Why India's Labour Market needs a mix of traditional and alternative data: CEIC

India has a range of indicators which throw significant light on India's employment scenario. Traditional indicators like participation rate, unemployment rate and worker population ratio are released in quarterly frequency. Read further on Dynamite News:

Dynamite News

Afternoon Update: Morrison ally faces possible Liberal expulsion; first home buyers slash spending; and the 10 highest-paid Australian CEOs

Alex Hawke delayed preselections, harming party’s chances at 2022 election, a motion submitted to NSW Liberal state council claims

The Guardian - AU

New findings show a direct causal relationship between unemployment and suicide

Studies using traditional statistical methods have long indicated a link between unemployment and suicide. But until now it has been unclear if this relationship is causal. That is, even though the suicide rate is higher among the unemployed, can we definitely say unemployment directly leads to suicide?

The Conversation

The RBA wants to raise unemployment to fight inflation – but who will that hurt the most?

Groups who benefited from strong jobs growth will be the first to lose work come a recession

The Guardian - AU

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France 24

Israel's judicial reform plans lead to economic uncertainty

As protests against Israeli PM Benjamin Netanyahu's revised plans to reform the courts flare up, we take a look at the impact the controversy has had so far on the country's economy. The Israeli tech sector, which represents 15 percent of GDP, is among those most opposed to the plan.…

Zenger

Jobless Claims Climb, Part-time Employment Surges In US

US Unemployment Claims Rise to 248,000, Part-time Workers Increase to 5.4 Million in June.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 248,000

New applications for U.S. unemployment insurance benefits rose 12,000 for the week ending July 1 to a seasonally adjusted 248,000. The previous week’s figure was revised down by 3,000 to 236,000. The four-week moving average as of July 1 fell 3,500 from the previous week’s revised average to 253,250.

Daily Record

Unemployment in Scotland rises despite businesses struggling to recruit staff

Neil Gray welcomed the low level of unemployment but warned only "an urgent reassessment" of UK immigration policy could solve the recruitment crisis.

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Wales Online

Unemployment in Wales rises to the highest rate in the UK

It also has the lowest level of employment

Birmingham Post

Wales has highest unemployment rate in the UK and lowest level of employment

Latest figures from the ONS shows that the unemployment rate in Wales has climbed to 5%

The Guardian - UK

UK interest rates likely to rise again despite slowing labour market

Rising unemployment and slowing jobs growth will not counteract strong pay pressure

The Independent UK

UK wages rise at record rate as unemployment jumps unexpectedly

Average regular pay, not including bonuses, was 7.3 per cent higher in the three months to May

Insider UK

Wages rise at record rate as unemployment jumps unexpectedly

Scotland’s estimated unemployment rate rose slightly to 3.2% during the last quarter

The Guardian - UK

Rising mortgage rates will cause ‘financial stress’, MPs hear, as two-year fixed rates hit 15-year high – as it happened

Treasury Committee quiz lenders about mortgage rates, as two-year fixed mortgage rate rises to 6.66%, highest since 2008

Chronicle Live

North East unemployment falls to record low for second month running

The region now has lower unemployment than regions including London and the South East

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