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The Latest Breaking News from Unemployment

Unemployment benefits safety net ‘torn apart’ by Tories, claims SNP

The party analysed OECD data to determine that the UK’s benefits lag behind other European countries.

The Independent UK · Aug 1, 2023

Dollar Gains on Higher Bond Yields and Yen Weakness

The dollar index (DXY00 ) Tuesday rose by +0.42% and posted a 3-week high. The dollar Tuesday garnered support from higher T-note yields. Also, weakness in the yen gave the dollar a boost after the yen Tuesday dropped to a 3-week low against the dollar. In addition, a slide in...

Barchart · Aug 1, 2023

Most Stocks Under Pressure from Earnings and Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.22%. Stocks this morning are mixed, with the Dow Jones...

Barchart · Aug 1, 2023

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Stock Index Futures Slip as Investors Await Key U.S. Economic Data, Chinese Data Disappoints

September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.25% this morning as market participants digested weak Chinese and Eurozone manufacturing data while looking ahead to the U.S. ISM manufacturing survey.

Barchart · Aug 1, 2023

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

The Conversation · Aug 1, 2023

The UK is the work-from-home capital of Europe. Now let’s work on getting it right

A head start on remote working, and low unemployment, left us in prime position. But we need to ensure all are supported, says Prof Christine Grant, an occupational psychologist

The Guardian - UK · Jul 31, 2023

Chinese youth unemployment is so dire that some parents are paying their adult kids to be ‘full-time children’

It's the latest in a slew of Gen Z anti-work trends in China.

Fortune · Jul 29, 2023

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China’s graduates unconvinced by calls to toil in countryside

Amid record youth unemployment, the government wants young people to ‘go to the farmland’ – but the prospect is unappealing for many

The Guardian - UK · Jul 29, 2023

Bidenomics’ critics are being proven wrong. Happy days are here again

How has the U.S. economy proven so resilient? Partly due to Bidenomics, write Yale's Sonnenfeld and Tian.

Fortune · Jul 28, 2023

Can Artificial Intelligence help in delivering speedy justice needs a thought, says KSLU Vice-Chancellor

KSLU VC C. Basavaraju emphasised need to ponder how AI can be adopted in legal system for speedy justice. AI has benefits, but also negative aspects that need to be considered. Need strong IT law to prevent misuse. Technology revolution has made us ponder if it can solve issues like…

The Hindu · Jul 27, 2023

Congressional Budget Office predicts slower economic growth and 4.7% unemployment into 2024

The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024

The Independent UK · Jul 26, 2023

Inflation has peaked – but will the RBA stop raising rates and focus on locking in low unemployment?

The latest numbers show success in the fight against inflation even as jobs figures remain stable

The Guardian - AU · Jul 26, 2023

U.S. weekly unemployment insurance claims fall to 228,000

New applications for U.S. unemployment insurance benefits fell 9,000 for the week ending July 15 to a seasonally adjusted 228,000. The previous week’s figure was unrevised. The four-week moving average as of July 15 fell 9,250 from the previous week’s unrevised average to 237,500.

Ballotpedia · Jul 25, 2023

Beijing to provide more economic support to boost sluggish post-pandemic recovery

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on…

France 24 · Jul 25, 2023

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Barchart · Jul 21, 2023

A Strong Case Against Further Rate Hikes in 2023

The markets have priced in a 99.8% chance of a 25 basis point rate hike at the July 26th FOMC meeting. The data the Fed is looking at may say otherwise!

The Philadelphia Inquirer · Jul 20, 2023

President Biden talked ‘Bidenomics’ at the Philly Shipyard. Here’s what it means.

President Biden has a new reelection campaign catchphrase: Bidenomics.

Barchart · Jul 20, 2023

Dollar Rises on Higher Bond Yields and U.S. Labor Market Strength

The dollar index (DXY00 ) Thursday rallied to a 1-week high and rose by +0.57%. A jump in bond yields Thursday supported the dollar. Also, signs of strength in the U.S. labor market are hawkish for Fed policy and bullish for the dollar after weekly initial unemployment claims unexpectedly fell...

AAP · Jul 20, 2023

Reserve Bank might be using sledgehammer to crack a nut

Prominent economists say a broad range of economic policies are needed to tackle inflation with RBA rate hikes ineffective against key sources of inflation.

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Tribune News Service · Jul 20, 2023

US applications for jobless benefits fall to 2-month low

U.S. applications for unemployment benefits fell last week to the lowest level in two months, suggesting resilient demand for workers amid a moderation in job gains.

The Independent UK · Jul 20, 2023

US jobless claims fall again as labor market continues to flash strength

Fewer Americans applied for unemployment benefits last week as the labor market continues to show fortitude in the face of higher interest rates

The Conversation · Jul 20, 2023

Unemployment is staying low at 3.5%. But for those out of work, here's why it's become harder to get a job

Slower employment growth, faster population growth and a steady rate of unemployment are the main stories from the Bureau of Statistics’ labour force update, released on Thursday.

The Guardian - AU · Jul 20, 2023

Unemployment rate falls to 3.5% as the economy adds 32,600 jobs in June on latest ABS figures

The bureau of statistics labour numbers will be examined closely by the Reserve Bank when it meets on August 1 to consider interest rates

Kiplinger · Jul 19, 2023

What Is Stagflation and How Can Investors Prepare?

An oil supply shock and a weak jobs report have markets wondering about stagflation, when economic growth slows and the unemployment rate spikes.

AAP · Jul 19, 2023

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.

Ballotpedia · Jul 18, 2023

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.

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