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The Latest Breaking News from Unemployment

Unemployment rate in Ireland at 20-year record low

Despite the bleak economic forecast, more people are employed in Ireland than ever

Irish Mirror

Pritzker announces bipartisan deal with business and labor to pay off unemployment fund debt: ‘We can find common ground’

Pritzker announced the state had reached a deal via the agreed bill process to contribute $1.8 billion and add $450 million as an interest-free loan to the Unemployment Insurance Trust Fund. Lawmakers are in Springfield for the fall veto session — and changes to the massive criminal justice package…

Chicago Sun-Times

Bank of America sees inflation falling to this number by the end of next year—but it’ll take a recession to get there

Bank of America says a “mild recession” will raise the unemployment rate to 5.5% next year and cool inflation.

Fortune

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Post-Covid inflation adds a new twist to the famous Phillips Curve

A 'wet weekend's work' by NZ's most brilliant economist is being embraced by the world's central banks to help chart a course out of pandemic.

Newsroom.co.nz

New York audit indicates over $11 billion in unemployment insurance was stolen during the coronavirus pandemic

The New York Division of State Government Accountability (DSGA) released the results of an audit of the state’s unemployment insurance system on November 15 that indicated over $11 billion were lost to fraud between April 2020 and March 2021.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 222,000

New applications for U.S. unemployment insurance benefits fell 4,000 for the week ending November 12 to a seasonally adjusted 222,000. The previous week’s figure was revised up from 225,000 to 226,000. The four-week moving average as of November 12 rose to 221,000 from a revised 219,000 as of the week…

Ballotpedia

‘I was desperate’: Young job seekers scammed, abused in Nigeria

Predators and fraudsters are exploiting vulnerable unemployed Nigerians, and the costs are sometimes deadly.

Al Jazeera

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Diamond diggers in South Africa's deserted mines break the law — and risk their lives

Photos show the desperate search for scraps left by big diamond operators. But amid rampant poverty and unemployment, zama-zamas see no other way to provide for their families.

WEKU

German parliament passes welfare reform to boost benefits and training

Germany's lower and upper houses of parliament passed a welfare reform on Friday that will raise unemployment benefits from the beginning of next year and provide new help to train people who are out of work.

Reuters

Factbox-Germany's welfare reform plan

German lawmakers have agreed a welfare reform to raise unemployment benefit payments and help train people who are out of work, with a view to addressing a skills shortage in Europe's largest economy.

Reuters

German lawmakers agree welfare reform to boost benefits, training

German lawmakers have agreed a welfare reform to raise unemployment benefits and help train people who are out of work, with a view to addressing a skills shortage in Europe's largest economy.

Reuters

Unemployment claims rise to 240,000, highest since August

The number of Americans applying for unemployment benefits rose the highest level since August but still remained low by historic standards

The Independent UK

France curbs unemployment benefits in bid to fill job vacancies

France is clamping down on unemployment payments, with the government on Monday announcing new rules that it’s hoped will return up to 150,000 people to the workforce early next year.

Radio France Internationale

Government debt won't necessarily burden future generations – but austerity will

In his autumn budget statement, Chancellor Jeremy Hunt said that the Conservatives don’t leave debts for the next generation. As such, he vowed to halve government borrowing over the next five years.

The Conversation

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Al Jazeera

Nepal votes to elect new government to revive economy

Over 60 percent of Nepal’s eligible voters cast their ballots at the polls amid high inflation and unemployment.

The Conversation

Women are struggling to regain lost ground in the workforce after COVID-19

The COVID-19 pandemic has exacerbated social and economic inequalities between men and women in Canada.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 225,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending November 5 to a seasonally adjusted 225,000. The previous week’s figure was revised up from 217,000 to 218,000. The four-week moving average as of November 5 fell to 218,750 from a revised 219,000 as of the week…

The Conversation

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

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Daily Mirror

Voice of the Mirror: '12 years of dismal Tory rule has left the country in dire straits'

Over a decade of Conservative rule has led the country to recession, rocketing unemployment and the biggest fall in living standards since records began

Tribune News Service

US jobless claims retreat slightly, hovering near historic lows

Applications for U.S. unemployment insurance unexpectedly fell slightly last week and remained near historic lows, showcasing the strength of the labor market as other parts of the economy cool.

Birmingham Post

Welsh business leaders and political parties have their say on Autumn Statement

The OBR concluded the UK is now in recession and was facing an increase in unemployment

The Independent UK

Fewer Americans file for jobless benefits last week

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market

Fortune

U.S. policymakers have one last chance to avoid a recession: Find the 1.5 million women who vanished from our workforce

Some 1.5 million women have vanished from the labor force since Feb. 2020. That bothers gender economist Katica Roy–and not for reasons of fairness.

Wales Online

Jeremy Hunt says UK is in recession and 500,000 will lose their jobs

Mr Hunt said unemployment is expected to rise from 3.5% today to 4.9% by 2024

The Guardian - UK

The Guardian view on mass unemployment: inflation will drop without this pain

Editorial: Policymakers are wrong to think rising joblessness and a recession are a price worth paying

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