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The Latest Breaking News from Unemployment

US jobless claims edge lower in sign of strong labor market

Applications for U.S. unemployment benefits eased last week and a measure of labor costs remained firm in the closing months of 2022, highlighting a tight job market that’s contributing to inflationary pressures.

Tribune News Service

Applications for jobless claims fall for 3rd straight week

The number of people applying for unemployment benefits in the U.S. fell for third straight week

The Independent UK

Jobless rate falls to 1.15% in Q4

Thailand's unemployment rate in the fourth quarter of 2022 dropped to 1.15% from 1.23% in the previous quarter, the National Economic and Social Development Council (NESDC) said on Thursday, as the vital tourism sector rebounds.

Bangkok Post

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People over 50 can still find jobs, but they may have to change, career coaches say

ST. LOUIS — Unemployment is lower than it has been since 1969. "Now hiring" signs are everywhere. But even so, jobs can be hard to find if you're over 50 years old.

St. Louis Post-Dispatch

Biden taps Julie Su, who led California unemployment agency amid wave of fraud, as labor secretary

WASHINGTON — President Joe Biden on Tuesday nominated Julie Su to be his next labor secretary, setting up the Californian to become the first Asian American he has appointed to run a Cabinet-level department.

Los Angeles Times

Senegal's artists are fighting the system with a mic and spray paint

A cultural center in Senegal is creating a safe space where artists can use their platform to speak about climate change while also finding opportunities in the art and music scene.

WEKU

$835m John Hunter Hospital upgrade skills hub opens at Broadmeadow

"This is a place where local employers, government agencies, training firms and community groups can come together to create some real, long-term solutions for people disadvantaged through unemployment in this community."

Newcastle Herald

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Barkly community misses out on $250 million in new funding to tackle alcohol-related harm

A combination of alcohol, unemployment, and the loss of hope has left residents dismayed that the Barkly will not have access to any of the millions allocated to the Northern Territory Government by the federal government.

ABC News

Why scammers who stole billions in unemployment benefits may get away with fraud

WASHINGTON — Just a small percentage of the at least $60 billion in unemployment payments estimated to be lost to fraud during the pandemic has been recovered, and time is running out to prosecute those who committed the crime.

Los Angeles Times

Six weeks of falling applications for unemployment benefits

The number of Americans filing for jobless aid fell again last week as the labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy

The Independent UK

South Africa's relief grant: how it can be used to help young people into jobs

The COVID-19 pandemic worsened the unemployment crisis in South Africa. In the second quarter of 2021, unemployment rates were the highest ever officially recorded. Many people who lost their only source of stable income fell into poverty as a result.

The Conversation

U.S. weekly unemployment insurance claims fall to 194,000

New applications for U.S. unemployment insurance benefits fell 1,000 for the week ending February 11 to a seasonally adjusted 194,000. The previous week’s figure was revised down from 196,000 to 195,000. The four-week moving average as of February 11 rose to 189,500 from a revised 189,000 as of the week…

Ballotpedia

Want to solve the falling birthrate? Just remember that raising children is expensive

When people fear for their jobs and the financial safety net is inadequate, is it any wonder they are having smaller families?

The Guardian - UK

Is the economy headed for recession or a soft landing?

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.

WEKU

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Axios

Rock-bottom jobless claims might be overstated

JPMorgan examines how severance packages impact jobless claims data.

Reuters

More than 15 million Colombians suffer food insecurity -UN

More than 15 million Colombians suffer moderate or severe food insecurity, equivalent to almost a third of the population, due to poverty, unemployment and the Andean country's long-running conflict, the UN World Food Programme (WFP) said on Thursday.

Fortune

Americans are drowning in credit card debt thanks to inflation and soaring interest rates

As Americans' credit card balances soared at the end of 2022, delinquencies started to creep up as well.

The New Daily

Employment rates are ‘tracking sideways’, experts say, on January data

A New Year's rise in unemployment has sparked debate about whether cracks are appearing in the labour market.

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The Guardian - AU

Afternoon Update: Unemployment rises to 3.7%; Queensland shooting declared terrorism; and the ‘perfect’ cosmic explosion

Jim Chalmers says there are ‘human consequences’ for slowing economy

The New Daily

Watch: Two bodies found in NSW caravan park, Fatal bus crash charges, Unemployment surprise

Watch: The bodies of two men have been discovered in separate vehicles in a caravan park in Tweed Hills. A 54-year-old bus driver faces court in Sydney

The Guardian - AU

Australia’s unemployment rate climbs to 3.7% in January, higher than economists expected

Succession of interest rate rises by the RBA trims jobs growth as unemployment jumps to its highest level since May 2022

ABC News

Unemployment rate jumps from 3.5 per cent to 3.7 per cent in January figures

Australia's unemployment rate increases over the summer break, lifting from 3.5 per cent to 3.7 per cent in January's figures.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 196,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending February 4 to a seasonally adjusted 196,000. The previous week’s figure was unrevised at 183,000. The four-week moving average as of February 4 fell to 189,250 from an unrevised 191,750 as of the week ending January 28.

ABC News

ASX rises as jobs report surprises, global markets rally

Australia's unemployment numbers show a rise in January, sending stocks higher, while ANZ now expects the cash rate to peak at 4.1pc by May. Here's how the trading day unfolded.

The Conversation

40 years on, does Australia need another Prices and Incomes Accord?

The election of the Hawke Labor government on March 5 1983 began an era of once-in-a-century economic reforms that opened the Australian economy to the world. It floated the dollar, eliminated controls on international capital flows, and dismantled the high tariffs that protected local manufacturers from imports. It refocused Australia’s…

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