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The Latest Breaking News from Unemployment

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.

ABC News

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…

The Conversation

UK labour market can’t hold out much longer against impact of stagflation

The fact that unemployment has started to rise suggests more painful days lie ahead

The Guardian - UK

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Your guide to surviving and navigating layoffs

Thousands of layoffs hit workers across the nation in the past few months. The news has created a sense of insecurity that triggered many across all industries to ask, "What if I'm next?"

Tribune News Service

North East sees big rise in number of people opting out of world of work

The region's unemployment rate fell slightly in the most recently released figures, but is still the highest in the UK

Chronicle Live

Unemployment sticks at 3.7% as retired people return to work

Pay continues to be outstripped by rising prices

Wales Online

FTSE 100 Live: Blue-chips fall just short of 8000, but index sets another closing record

The FTSE 100 index has moved to the brink of the 8000 threshold amid more signs of economic resilience.

Evening Standard

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RBA's latest forecasts are grim. Here are 5 reasons why

After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australia’s latest set of forecasts make for grim reading.

The Conversation

US jobless claims pick up for the first time in six weeks

Applications for U.S. unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty.

Tribune News Service

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Los Angeles Times

4 Quality Retail Stocks to Buy and Watch Now

Retail sales declined in December as the high inflation hampered consumer spending. However, sales are expected to improve amid easing inflation and a falling unemployment rate. Therefore, we think fundamentally sound retail stocks Dillard’s (DDS), Buckle (BKE), Movado Group (MOV), and J.Jill (JILL) could be ideal buys now. Read on.

StockNews.com

New Recruits to Extremist Groups Expected to Surge in Africa

More people are joining terrorist groups in Africa, which draws questions on its reasons, said a new report by the UN's international development agency. The report underscored the importance of economic factors as drivers of recruitment. Meanwhile, experts expected recruitment to increase as the African governments and international powers fail…

Asharq Al-Awsat

The Reserve Bank wants unemployment to rise. It should be careful what it wishes for

We had all better hope the coming slowdown doesn’t happen before the full effect of rate rises is felt

The Guardian - AU

Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

France 24

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Ballotpedia

U.S. weekly unemployment insurance claims fall to 183,000

New applications for U.S. unemployment insurance benefits fell 3,000 for the week ending January 28 to a seasonally adjusted 183,000. The previous week’s figure was unrevised at 186,000. The four-week moving average as of January 28 fell to 191,750 from an unrevised 197,500 as of the week ending January 21.

Fortune

Unemployment's darkest legacy is that it can pave the way for extremism and terrorism

High unemployment can drag down a country’s economy, but it can also provide kindling to extremist movements.

The Times of India

Solving people’s pain greater aspiration than any personal reward: Varun Gandhi

Feroze Varun Gandhi is the third-time Lok Sabha MP from Pilibhit in Uttar Pradesh. He is not only a politician but also a poet and author of four books, including his latest release "The Indian Metropolis" today. He holds a BSc (Hons) Economics from the prestigious London School of Economics…

Fortune

The Treasury secretary says the red-hot labor market means the U.S. can avoid a recession: ‘You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years’

“The country has been through a lot…But really we have a strong and resilient economy,” Yellen told ABC. “And inflation is coming down.”

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Fortune

IMF: U.S. economy might yet manage to pull off a soft landing and avoid recession

Treasury Secretary Janet Yellen also downplayed the risk of the U.S. economy contracting: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.”

The Conversation

I introduced social entrepreneurship to my trainee teachers -- why it'll make them better at their jobs

The daily headlines from South Africa are largely gloomy. The country’s government seems unable to address a years-long electricity crisis that is steadily worsening. Unemployment is high. Food prices are climbing.

Fortune

Labor force participation among Black workers has returned to pre-pandemic levels

Unemployment among Black Americans fell to 3.4% in January, while labor force participation hit pre-pandemic levels

Tribune News Service

Editorial: Refugees want jobs, and the economy wants workers

With a total of 517,000 new jobs created last month and total employment estimates revised up, the country now has the lowest unemployment rate in more than half a century.

The Independent UK

An unexpected job surge confounds the Fed's economic models

Does the Federal Reserve have it wrong

Tribune News Service

US payrolls surprise with surge as jobless rate hits 53-year low

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Chicago Sun-Times

US adds a surprisingly strong 517,000 jobs despite Fed hikes

January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.

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