The Latest Breaking News from Unemployment

Weekly US applications for unemployment aid remain elevated

The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s rate hikes are beginning to cool a still-strong labor market

The Independent UK · Jun 22, 2023

Why does the RBA want unemployment to go up? And what has it got to do with inflation?

The Reserve Bank deputy governor’s assessment that unemployment was ‘too low’ to tame inflation drew anger from unions. But was it correct?

The Guardian - AU · Jun 22, 2023

Michael Pascoe: Speech shows RBA clueless on employment

You can rely on the Reserve Bank to miss or downplay a major factor or two when it strays into what’s actually happening in Australia.

The New Daily · Jun 20, 2023

Chalmers trumpets new employment growth numbers

Australia is outperforming major advanced economies on employment growth, with more people – and women – working than ever before.

The New Daily · Jun 18, 2023

Alan Kohler: RBA hasn’t broken its habit of making horribly wrong interest calls

Pessimists fearful of a Reserve-Bank trifecta of runaway inflation, massive unemployment and house-price collapse need to get a grip.

The New Daily · Jun 18, 2023

South Africa's ruling party is performing dismally, but a flawed opposition keeps it in power

As power cuts continue, the economy falters, unemployment rises and the currency tumbles, South Africa’s political commentators tend to agree that support for the governing African National Congress (ANC) will fall under 50% in the 2024 national and provincial elections. If the party avoids a defeat, it could lead to…

The Conversation · Jun 18, 2023

Sierra Leone gears up for presidential election amid economic crisis, looming protests

Sierra Leoneans are heading to the polls on Saturday, June 24, to select their next president amid mounting frustration due to an ailing economy, rising unemployment and the loom of deadly protests

The Independent UK · Jun 18, 2023

Powell to Investors: Do You Feel Lucky Punk?

The “seeming” post Fed meeting rally for the S&P 500 is head scratcher for sure. That’s because as we dig below the surface, the overall market has not really rallied…just the usual suspects in the mega cap space. As you dissect the Fed statements there is a great divide in…

StockNews.com · Jun 16, 2023

Further show of strength for Northern Ireland job market despite gathering headwinds

Both unemployment and employment levels back to pre-pandemic levels, but inflation and rising interest rates temper mood

Birmingham Post · Jun 16, 2023

There won’t be a true recession anytime soon—but a ‘growth recession’ is still on the menu next year, BofA warns

Bank of America's chief economist Michael Gapen revised his recession forecast again this week, citing strength in the labor market—but he says a "growth recession" is still coming in 2024.

Fortune · Jun 15, 2023