The Latest Breaking News from Unemployment

Black unemployment rate jumps 1.3 percentage points since April

The historic employment gains notched by Black Americans during the pandemic-era recovery may be beginning to reverse — one of the disappointing details of the June jobs report out Friday.

Axios · Jul 7, 2023

The job market is cooling but still surprisingly strong. Is that a good thing?

U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.

WEKU · Jul 7, 2023

A celebrated jobs miss on Wall Street: Cooler labor market allays fears over red-hot payrolls as White House crows of ‘Bidenomics in action’

Slow and steady wins the race, and a 209,000 jobs number that missed expectations was actually sweet music for the Street.

Fortune · Jul 7, 2023

US job market shows fresh strength with ADP and layoff data

The U.S. labor market showed fresh signs of resilience on Thursday, as private hiring surged, layoffs slowed and filings for unemployment benefits stayed relatively low.

Tribune News Service · Jul 6, 2023

‘People are dying’: South Africa workers protest economic woes

South Africa is facing rolling electricity blackouts, high unemployment and growing social unrest due to economic woes.

Al Jazeera · Jul 6, 2023

Wall Street buys into Bidenomics, with the top economists at Goldman and other banks saying we could really dodge a recession

The White House is taking a victory lap, and economists at Goldman Sachs and JPMorgan are offering rosier economic forecasts.

Fortune · Jul 5, 2023

U.S. weekly unemployment insurance claims fall to 239,000

New applications for U.S. unemployment insurance benefits fell 26,000 for the week ending June 24 to a seasonally adjusted 239,000. The previous week’s figure was revised up by 1,000 to 265,000. The four-week moving average as of June 24 rose 1,500 from the previous week’s revised average to 257,500.

Ballotpedia · Jul 5, 2023

How Jamaica and its prime minister are becoming a mini-superpower in the Caribbean

KINGSTON, Jamaica -- New commercial and high-end condominiums are rising from the dirt, the minimum wage is going up, unemployment is the lowest it’s been in years and tourism — the engine of the economy — is once more booming.

Miami Herald · Jul 5, 2023

Congress chief Kharge slams Centre over price rise, unemployment

Mallikarjun Kharge’s attack came a day after the Congress slammed the Centre over rising prices of vegetables and other essential food items and demanded immediate steps from his government to address the issue.

The Hindu · Jul 5, 2023

China’s jobless youths may pose political risk, top adviser says

China’s growing youth unemployment rate could trigger political problems if not properly handled, warned a prominent economist who has advised President Xi Jinping’s government.

Tribune News Service · Jul 4, 2023