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The Latest Breaking News from Unemployment

Inflation, unemployment, interest rate hikes: is it any wonder Australia’s misery index is rising?

Alleviate supermarket blues by performing a funky dance in the canned veg section

The Guardian - AU

Dollar Slides as T-note Yields Fall on U.S. Jobless Claims Jump

The dollar index (DXY00 ) on Thursday tumbled to a 2-week low and finished down by -0.72%. The dollar retreated Thursday after U.S. weekly initial unemployment claims jumped to a 19-month high and knocked T-note yields lower. Also, expectations for the Fed to pause its rate hike campaign at next...

Barchart

US applications for jobless benefits highest since October 2021

The number of Americans applying for unemployment benefits last week rose to its highest level since October 2021, but the labor market remains one of the healthiest parts of the U.S. economy

The Independent UK

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West Lothian unemployment figures being kept down by new businesses

New start businesses are worth £16m to local economy councillors hear as 308 firms launch in last year alone.

Edinburgh Live

Crude Inventories, Unemployment Claims and Other Key Things to Watch This Week

Markets breathed a sigh of relief last week as it appears the debt ceiling drama has come to an end (at least for now). Even with that behind us, there are still plenty of things to watch in the upcoming weeks

Barchart

Why is inflation still so bad? Extreme-low unemployment rates in these states are a major factor

Historically low joblessness is one reason inflation is still a thorny problem.

Fortune

Global employment gap grows as poor countries struggle to recover like rich ones

A report from the UN's International Labour Organisation predicts that global unemployment will finally fall below pre-pandemic levels in 2023 – but only in high-income countries, which have recovered faster from Covid and other crises.

Radio France Internationale

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Halls Creek TAFE struggles amid staff shortages as leaders call for more training

Halls Creek has high unemployment despite a huge worker shortage, prompting leaders to aim frustration at the town's often empty and padlocked TAFE campus.

ABC News

GOs issued on Yuva Nidhi, Anna Bhagya

A day after the Cabinet approved the implementation dates for the five pre-poll guarantees of the Congress, the State government on Saturday notified a Government Order fixing eligibility criteria for seeking benefits from Yuva Nidhi scheme that promises unemployment benefits for graduates and diploma holders.

The Hindu

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

WEKU

China's youth unemployment problem

This month, China released official statistics showing that its unemployment rate for young people (16-24 years old) reached a record high of 20.4% in April. Worse, the news comes just one month before another 11.6 million students will graduate from college and vocational schools and enter the job market.

Bangkok Post

US hiring jumped last month. So did unemployment. Here’s what that says about the economy.

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.

Chicago Sun-Times

Demand to extend Yuva Nidhi scheme for all unemployed youths

Various students organisations lauded the state government’s ‘Yuva Nidhi’ scheme to provide an unemployment allowance, but also demanded that the government extend the scheme for all unemployed youths.

The Hindu

Jobs Report Shows Hiring Surge in May: What the Experts Are Saying

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.

Kiplinger

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France 24

Fact or fake: Does the EU cohesion policy ignore young people?

One in six Europeans is aged between 18 and 29. The demographic was particularly hard hit by the Covid-19 pandemic, and despite the economic recovery that followed, youth unemployment levels remain high. The EU has a few programs in place to help them. We tell you more in this edition…

The Guardian - US

US jobs market remains strong despite high interest rates and debt ceiling fight

US adds 339,000 jobs in May, surpassing forecasts, as unemployment rate increases slightly to 3.7%

Barchart

S&P Futures Climb Ahead of Key U.S. Payrolls Data, U.S. Congress Passes Debt Bill

June S&P 500 futures (ESM23) are trending up +0.45% this morning as the passage of a U.S. debt ceiling bill in Washington boosted market sentiment, while investors looked ahead to a crucial U.S. nonfarm payrolls report that might clarify the Federal Reserve’s policy path.

Barchart

S&P Futures Tick Higher as Investors Await Key U.S. Payrolls Data, U.S. Congress Passes Debt Bill

June S&P 500 futures (ESM23) are trending up +0.40% this morning as the passage of a U.S. debt ceiling bill in Washington boosted market sentiment, while investors looked ahead to a crucial U.S. nonfarm payrolls report that might clarify the Federal Reserve’s policy path.

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The Week

Greece’s ‘earthquake’ of an election: a right-wing triumph

Not long ago, Greece was Europe’s “economic and political problem child”, said Alan Posener in Die Welt (Berlin). The 2010 debt crisis had led to a 25% contraction in its economy – unemployment had hit 27%; people were rioting in the streets – and as a condition of receiving the massive bailouts…

The Hindu

Ex-Haryana CM steps up attack on BJP-JJP government over unemployment, education, farming

former CM and leader of Opposition Bhupinder Singh Hooda on Thursday accused the government of playing with the future of Haryana’s youth who are facing severe hardship on account of unemployment

The Times of India

US jobless claims tick up, still show strong labor demand

WASHINGTON: Applications for US unemployment benefits rose slightly last week to a level that’s still consistent with resilient demand for labor.

The Conversation

What does high immigration mean for the government's popularity? What data on voting habits tells us

The news from the Office of National Statistics that net migration reached a record high of 606,000 in 2022 is likely to have embarrassed the government, particularly the home secretary, Suella Braverman. For years, successive prime ministers have promised reductions in net migration, but without much success in delivering them.

Al Jazeera

Africa, Middle East driving growing ’employment divide’, UN says

Low-income countries will not see unemployment rates recover to pre-pandemic levels in 2023, ILO says.

The Guardian - UK

China’s 11.6m graduates face a jobs market with no jobs

With youth unemployment at a record high, the problem of overeducated young people is acute

The Conversation

Closing the First Nations employment gap will take 100 years

In 2008 Australia’s federal, state and territory governments set the goal of halving the employment gap between First Nations Australians and others within a decade. That required, by 2018, lifting the employment rate for First Nations Australians from 48% to 60%, with the rate for other Australians being 72%.

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