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The Latest Breaking News from Unemployment

Applications for US unemployment aid rose slightly last week

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring

The Independent UK

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Fortune

20 Million People In China Aged 16 To 24 Out Of Jobs: Report

According to The Hongkong Post, "The youth unemployment rate in China has hit new highs this year, rising from 15.3 per cent in March to a record 18.2 per cent in April. Read on for details:

Dynamite News

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The 9 best places to live in Florida if you want to avoid the bomb cyclone

The Sunshine State is not just for retirees…or millionaires.

Fortune

Indian economy likely to grow at over 7% in FY23: Arvind Panagariya

NEW DELHI: The Indian economy is likely to grow at over 7 per cent in the current fiscal year, former Niti Aayog vice chairman Arvind Panagariya said on Wednesday, while observing that the growth rate should sustain next year too provided the forthcoming Budget does not have any negative surprises.

The Times of India

Michael Hiltzik: A panicky Federal Reserve is driving us into an unnecessary recession

Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market's hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn't think it had wrung enough inflation out of the economy…

Los Angeles Times

Levels of unemployment in Dumfries and Galloway drop during 2022

There were 760 less people looking for work compared to during 2021

Daily Record

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U.S. weekly unemployment insurance claims fall to 231,000

New applications for U.S. unemployment insurance benefits fell 20,000 for the week ending December 10 to a seasonally adjusted 211,000. The previous week’s figure was revised up from 230,000 to 231,000. The four-week moving average as of December 10 fell to 227,250 from a revised 230,250 as of the week…

Ballotpedia

Australia's economy recovered in 2022, will it crash in 2023?

Soaring inflation and aggressive central bank hikes were the theme of 2022, but will they continue with gusto in 2023? Here's what the experts think.

ABC News

Nigeria's economy in 2022: winners and losers

At the start of 2022, Nigerians hoped that, with less than two years to the end of President Muhammadu Buhari’s administration, the government would ramp up its efforts to reduce poverty and unemployment.

The Conversation

Powell puts US pay hikes at heart of Fed’s 2023 inflation fight

Federal Reserve Chair Jerome Powell has a new North Star to guide his fight against inflation, and it will put American paychecks at the heart of monetary policy next year.

Tribune News Service

Inflation, unemployment, the housing crisis and a possible recession: Two economists forecast what's ahead in 2023

With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming.

The Conversation

Investors think stagflation is a bigger threat to the U.S. economy than a recession

Nearly half of big money managers don't believe the Fed will be able to stick a soft landing and worry that stagflation will be a bigger risk next year.

Fortune

Editorial: State that limits housing can’t figure out homeless problem

California politicians have given the green light to so many boondoggles, they’re difficult to catalog. A $100 billion train that probably will never be completed, a $3,000 municipal garbage can in San Francisco, pandemic unemployment fraud to the tune of $30 billion … it goes on and on.

Tribune News Service

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The Independent UK

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

Caixin Global

China’s November Urban Jobless Rate Jumps to 5.7%

Covid outbreaks in major cities drive unemployment to highest levels since May, and end of pandemic controls may further stress job market

Tribune News Service

US jobless claims unexpectedly drop to lowest since September

Applications for US unemployment benefits fell last week to the lowest since September, another sign of resiliency in the labor market amid a weakening economy.

The Independent UK

Trevor Noah goes for a threepeat of Grammy Award hosting

Unemployment didn’t last long for Trevor Noah

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Los Angeles Times

Pandemic eviction protections, direct payments kept homelessness in check, study shows

LOS ANGELES — Eviction moratoriums and cash income from extended unemployment insurance and stimulus payments helped thousands of economically vulnerable people in Los Angeles County avoid becoming homeless during the pandemic, a new study has found.

The Conversation

Three charts that explain why falling living standards could deepen the UK's north-south divide

Living standards are set to fall by 7% in the UK over the next two years, according to the Office for Budget Responsibility (OBR) – the government’s independent economic forecaster – but some areas will be hit harder than others.

The Guardian - AU

Australia’s unemployment rate remains at 3.4% in November as 64,000 new jobs added

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration

ABC News

Unemployment holds steady despite shock jobs surge in November

Australia's unemployment rate remains steady at 3.4 per cent, despite the shock addition of 64,000 extra jobs over the past month.

AAP

Unemployment rate remains at 3.4 per cent

Australia's unemployment rate has stayed at 3.4 per cent, with another 64,000 jobs added to the national economy, the latest labour force figures reveal.

Bangkok Post

Unemployment drops amid increasing economic activity

Unemployment declined thanks to increased economic activity and a rebound in tourism. However, household debt increased, albeit at a slower pace, while total loan quality improved.

Fortune

Billionaire David Rubenstein says inflation won’t fall significantly until the unemployment rate is almost double what it is now

“The Fed cannot say publicly what I can say, and what others have said, which is that until we get unemployment to about 6%, we’re not likely to get inflation down appreciably,” he said.

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