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The Latest Breaking News from Unemployment

'Two steps forward, one step back': Experts weigh in on November’s jobs report and Powell's big inflation challenge

Persistent wage growth and a low unemployment rate may be great for Americans, but they're making the Fed's inflation fight that much more challenging.

Fortune

US adds 263,000 jobs in November as unemployment rate stays at 3.7%

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

The Guardian - US

Losing pandemic benefits meant losing a lifeline for many Black and older people

Two million Californians lost their unemployment benefits last September when four pandemic-era federal programs ended. Some workers scrambled to find jobs, just as employers had hoped. But others, who’d been trying to find steady work for months, had their safety net pulled out from under them.

Tribune News Service

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Continuing US jobless claims rise to highest since February

Recurring applications for U.S. unemployment benefits rose to the highest since February, suggesting that Americans who are losing their job are having more trouble finding a new one in a labor market that’s gradually cooling.

Tribune News Service

Applications for jobless benefits declined last week

The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve’s aggressive interest rate hikes

The Independent UK

India PM Modi’s home state Gujarat votes in key regional election

Opinion polls projected BJP to comfortably retain power in the state despite criticism of inflation and unemployment.

Al Jazeera

Gig platforms help immigrant care workers find jobs, but they are only a temporary solution

For internationally trained health-care professionals faced with unemployment and underemployment in the Canadian labour market, digital platforms offer the possibility of finding jobs in the industry they are trained in.

The Conversation

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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

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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WEKU

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.

Reuters

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.

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The Independent UK

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

Radio France Internationale

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.

The Conversation

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.

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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