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The Latest Breaking News from Unemployment

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

Bangkok Post

U.S. employers added 517,000 jobs last month. It's a surprisingly strong number

U.S. employers added 517,000 jobs in January, as the unemployment rate fell to 3.4% . The job market remains tight, despite signs of a slowing economy.

WEKU

January may have delivered lower, if still solid, job growth

The American economy has an unusual problem: The job market looks too strong — at least to the inflation fighters at the Federal Reserve

The Independent UK

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US job openings surge past 11 million as Fed zeros in on labor

Vacancies at U.S. employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation.

Tribune News Service

U.S. weekly unemployment insurance claims fall to 186,000

New applications for U.S. unemployment insurance benefits fell 6,000 for the week ending January 21 to a seasonally adjusted 186,000. The previous week’s figure was revised up from 190,000 to 192,000. The four-week moving average as of January 21 fell to 197,500 from a revised 206,750 as of the week…

Ballotpedia

North East Today: Region unemployment 'crisis' warning issued and transfer deadline day latest

Your daily briefing on all the latest from across the North East

Chronicle Live

Greater Manchester's 'hidden army' of unemployed people lost in the cracks

Report reveals North-South divide in numbers of people classed as 'involuntarily inactive'

Manchester Evening News

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Official UK jobless figures may be missing 3m people, study finds

Report on ‘hidden unemployment’ shows stark north-south divide in adults out of work due to ill health or lack of good opportunities

The Guardian - UK

Taupau a Bronco after 'really crazy 24 to 48 hours'

New Brisbane recruit Marty Taupau has gone from the uncertainty of unemployment to a Broncos deal on the back of hard work after nearly becoming an Eel.

AAP

Unemployment in Scotland 'four times higher' than official figures as thousands not looking for work

More than 350,000 people in Scotland are neither in work nor looking for a job due to circumstances outside of their control.

Daily Record

Scotland’s unemployment rate 'should be four times higher than figures suggest'

Dundee has highest 'hidden unemployment' rate, followed by Glasgow and Aberdeen

Insider UK

Research warns North East unemployment is three times worse than official rate amid 'inactivity crisis'

The Centre for Cities says that unemployment in the North East was actually 18% - with Newcastle, Sunderland, and Middlesbrough among the worst-performing urban areas in the UK

Chronicle Live

A soft landing is playing out–but optimism needs to be for the right reasons

Against the odds, the U.S. economy is moving towards a soft landing, according to BCG's top economists.

Fortune

Youth need more opportunities

Young people are tomorrow's future, yet they face many challenges hindering proper opportunities to attain decent work and fulfil their aspirations. Fewer Thai youth have jobs than a decade ago, says the Ministry of Labour. The unemployment rate for young people aged 15–24 is seven times higher than the adult…

Bangkok Post

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Newcastle Herald

Business Hunter applauds 'unheard of' low regional jobless rates in latest ABS figures

Good news for Hunter although national economy 'in slow decline'

Ballotpedia

West Virginia Senate passes unemployment insurance indexing bill

The West Virginia State Senate on January 23 passed a bill 27-5 that would index the length of unemployment insurance benefits to the state’s unemployment rate. During times when the unemployment rate is below 5.5%, unemployed workers could collect a maximum of 12 weeks of benefits. For each 0.5% increase…

The Independent UK

EXPLAINER: How will we know if the U.S. is in recession?

A second consecutive quarter of economic growth underscored Thursday that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades

Reason

Government Watchdog Finds $60 Billion in Pandemic Unemployment Fraud, Suggests Maybe Doing Something About It

Despite multiple warnings in the past, the Department of Labor has yet to implement a comprehensive strategy for detecting unemployment insurance fraud.

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The Conversation

Strikes: why refusing public sector pay rises won't help reduce inflation

The UK government has not yet resolved the thorny issue of ongoing public sector pay disputes, despite the fact that these workers are suffering much more from the cost of living crisis than their private sector counterparts. The government is worried about wage increases pushing up inflation that is already…

Fortune

Veterans can plug the labor shortage bedeviling corporate America, says Wounded Warrior CEO

Disabled veterans are an untapped resource for employers, says Wounded Warrior Project's CEO.

The Independent UK

Fewer Americans file for jobless benefits last week

U.S. applications for unemployment benefits fell last week to their lowest level in 16 weeks, defying the Federal Reserve’s attempts to slow the economy and bring down inflation

ABC News

Shock job losses in December drive unemployment to 3.5 per cent

Unemployment is steady at 3.5 per cent, after November's jobless rate was revised higher, on the back of an estimated 14,600 jobs being lost last month.

Foreign Affairs

The Sanctions on Russia Are Working

Slowly but surely, sanctions are weakening Putin.

The Guardian - US

People in abortion-restrictive US states economically disempowered – study

Wages, incarceration rates and unemployment benefits access worse when compared with states allowing the procedure

Ballotpedia

U.S. weekly unemployment insurance claims fall to 205,000

New applications for U.S. unemployment insurance benefits fell 1,000 for the week ending January 7 to a seasonally adjusted 205,000. The previous week’s figure was revised up from 204,000 to 206,000. The four-week moving average as of January 7 fell to 212,500 from a revised 214,250 as of the week…

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