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The Latest Breaking News from Unemployment

Government debt won't necessarily burden future generations – but austerity will

In his autumn budget statement, Chancellor Jeremy Hunt said that the Conservatives don’t leave debts for the next generation. As such, he vowed to halve government borrowing over the next five years.

The Conversation

Nepal votes to elect new government to revive economy

Over 60 percent of Nepal’s eligible voters cast their ballots at the polls amid high inflation and unemployment.

Al Jazeera

Women are struggling to regain lost ground in the workforce after COVID-19

The COVID-19 pandemic has exacerbated social and economic inequalities between men and women in Canada.

The Conversation

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U.S. weekly unemployment insurance claims rise to 225,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending November 5 to a seasonally adjusted 225,000. The previous week’s figure was revised up from 217,000 to 218,000. The four-week moving average as of November 5 fell to 218,750 from a revised 219,000 as of the week…

Ballotpedia

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

The Conversation

Voice of the Mirror: '12 years of dismal Tory rule has left the country in dire straits'

Over a decade of Conservative rule has led the country to recession, rocketing unemployment and the biggest fall in living standards since records began

Daily Mirror

US jobless claims retreat slightly, hovering near historic lows

Applications for U.S. unemployment insurance unexpectedly fell slightly last week and remained near historic lows, showcasing the strength of the labor market as other parts of the economy cool.

Tribune News Service

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Welsh business leaders and political parties have their say on Autumn Statement

The OBR concluded the UK is now in recession and was facing an increase in unemployment

Birmingham Post

Fewer Americans file for jobless benefits last week

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market

The Independent UK

U.S. policymakers have one last chance to avoid a recession: Find the 1.5 million women who vanished from our workforce

Some 1.5 million women have vanished from the labor force since Feb. 2020. That bothers gender economist Katica Roy–and not for reasons of fairness.

Fortune

Jeremy Hunt says UK is in recession and 500,000 will lose their jobs

Mr Hunt said unemployment is expected to rise from 3.5% today to 4.9% by 2024

Wales Online

The Guardian view on mass unemployment: inflation will drop without this pain

Editorial: Policymakers are wrong to think rising joblessness and a recession are a price worth paying

The Guardian - UK

North East unemployment reaches record low but concerns over inactivity

The annual report from the North East LEP has been released alongside national figures on unemployment

Birmingham Post

Unemployment in Scotland rises slightly

Scottish employment minister calls on UK Government to use its powers to help stimulate the economy

Insider UK

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The Guardian - UK

UK labour market is changing as inflation squeezes real pay

Workforce has shrunk amid rising long-term sickness and it appears unemployment is growing again

The Guardian - UK

UK strike levels soar as public sector workers face worst pay squeeze

Wage growth continues to lag behind rising inflation as unemployment rate rises slightly

Evening Standard

Unemployment rate edges higher in sign of cooling jobs market

The rate of unemployment stood at 3.6% in the three months to September, up from 3.5% in the previous three months, the ONS said.

The Guardian - UK

Pound rallies as US PPI inflation falls; insolvencies jump as UK economy weakens – as it happened

October’s producer price index figures fuel hopes that US inflation is easing, as company insolvencies in England and Wales jump

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Chronicle Live

North East unemployment falls to record low for second month running

The fall in unemployment comes despite a number of warnings over the state of the economy

Wales Online

Rate of unemployment in the UK has risen to 3.6%

The biggest driver behind the fall came from hospitality, followed by retailing and wholesaling

The Independent UK

UK unemployment rises to 3.6 per cent as recession looms

Half a million working days were lost to strikes in August and September, the ONS said

The National (Scotland)

Scots have 'ethnic' problem with unemployment, says Thatcher event speaker

A SPEAKER at a conference organised by Margaret Thatcher’s right-wing think tank has suggested Scotland’s rate of unemployment is an…

ABC News

Deutsche Bank forecasts Australia will enter a recession in 2023, following an expected rise in unemployment

Deutsche Bank expects Australia's unemployment rate to spike to 4.5 per cent by the end of 2023, leading to a recession under the investment bank's definition.

The Independent UK

Many vets are landing jobs, but the transition can be tough

The U.S. is celebrating Veterans Day at a time when the nation is experiencing some of its lowest monthly veteran unemployment rates on record

The Guardian - US

Inadequate US state unemployment systems leave millions vulnerable

Unprepared system leaves unemployed Americans vulnerable to poverty, losing homes and struggling to pay bills or feed families

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