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The Latest Breaking News from Unemployment

Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

Barchart

Wire fraud, theft and false statements: The 13 counts George Santos faces

A 13-count federal indictment unsealed in New York accuses US represenative George Santos of embezzling money from his campaign, falsely receiving unemployment funds and lying to Congress about his finances

The Independent UK

RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control

Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.

ABC News

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Serial liar George Santos accused of unemployment fraud while working a six-figure job

In an indictment on Wednesday, the U.S. Justice Department accused Santos of unemployment fraud.

Fortune

Did Treasurer Jim Chalmers keep his facts straight in this week's budget speech?

Treasurer Jim Chalmers used his budget speech this week to spruik the government's credentials and programs. But did he keep his facts straight?

ABC News

Here are the 13 counts New York Rep. George Santos faces

A 13-count federal indictment unsealed in New York accuses U.S. Rep. George Santos of embezzling money from his campaign, falsely receiving unemployment funds and lying to Congress about his finances

The Independent UK

US Republican George Santos pleads not guilty to fraud, theft charges

U.S. Rep. George Santos, the New York Republican infamous for fabricating his life story, pleaded not guilty Wednesday to charges he duped donors, stole from his campaign and lied to Congress about being a millionaire, all while cheating to collect unemployment benefits he didn't deserve.

France 24

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George Santos Arrested, Indicted on 13 Federal Counts, Pleads Not Guilty

The serial fabulist is accused of wire fraud and lying to Congress.

Reason

Wire fraud, money laundering and stealing public money: Here are the 13 charges against George Santos

Mr Santos surrended himself to authorities in federal court on Long Island on Wednesday

The Independent UK

Rep. George Santos indicted on 13 charges - Roll Call

Embattled New York Republican Rep. George Santos has been indicted on 13 federal charges in New York that include fraud, theft and more.

Roll Call

Federal budget summary: JobSeeker and welfare payments increased as living costs bite

A modest increase in unemployment benefits and cheaper healthcare are the centrepieces of a federal budget tasked with helping the nation's most vulnerable at a time when living costs are hurting households.

ABC News

U.S. weekly unemployment insurance claims rise to 242,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending April 29 to a seasonally adjusted 242,000. The previous week’s figure was revised down from 230,000 to 229,000. The four-week moving average as of April 29 rose to 239,250 from a revised 235,750 as of the week…

Ballotpedia

‘Youth declaration’ focuses on yearly filling of posts, unemployment dole

The Hindu

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

The Guardian - AU

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The Guardian - US

‘They’re sacrificing us’: a California town feels ignored months after flood

The small, agricultural town of Planada was inundated amid a wave of intense storms this winter. Residents, many of whom are undocumented, say they have been neglected

The Independent UK

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

StockNews.com

Why Are Bear Market Odds on the Rise?

The S&P 500 (SPY) has been up, down and all around this past week thanks to the Fed statement followed by the Government Employment report on Friday. On some levels nothing has changed in the market outlook. However, looking further down the road some important things happened this week that…

ABC News

Extra billions flowing into budget but real wages not tipped to grow for another year

Workers will have to wait another year before their wages outstrip the rising cost of living, according to Treasury forecasts to be released next week.

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Fortune

Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Kiplinger

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Newslaundry

Price rise, unemployment pain points in Karnataka; people wary of freebies, poll promises

After travelling across the Mumbai-Karnataka region for a week, we are shifting base to bring you stories from another north Karnataka belt – the Hyderabad-Karnataka region. And, to top it, our train journey from Hubli to Bellary coincided with the release of BJP and Congress election manifestos.

WEKU

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

The Conversation

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

Irish Mirror

Ireland reaches full employment as unemployment rates drop to record low

Data from the Central Statistics Office (CSO) showed that unemployment levels in April dropped to 3.9 per cent

The Independent UK

April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

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