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The Latest Breaking News from Unemployment

More than 15 million Colombians suffer food insecurity -UN

More than 15 million Colombians suffer moderate or severe food insecurity, equivalent to almost a third of the population, due to poverty, unemployment and the Andean country's long-running conflict, the UN World Food Programme (WFP) said on Thursday.

Reuters

Americans are drowning in credit card debt thanks to inflation and soaring interest rates

As Americans' credit card balances soared at the end of 2022, delinquencies started to creep up as well.

Fortune

Employment rates are ‘tracking sideways’, experts say, on January data

A New Year's rise in unemployment has sparked debate about whether cracks are appearing in the labour market.

The New Daily

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Afternoon Update: Unemployment rises to 3.7%; Queensland shooting declared terrorism; and the ‘perfect’ cosmic explosion

Jim Chalmers says there are ‘human consequences’ for slowing economy

The Guardian - AU

Watch: Two bodies found in NSW caravan park, Fatal bus crash charges, Unemployment surprise

Watch: The bodies of two men have been discovered in separate vehicles in a caravan park in Tweed Hills. A 54-year-old bus driver faces court in Sydney

The New Daily

Australia’s unemployment rate climbs to 3.7% in January, higher than economists expected

Succession of interest rate rises by the RBA trims jobs growth as unemployment jumps to its highest level since May 2022

The Guardian - AU

Unemployment rate jumps from 3.5 per cent to 3.7 per cent in January figures

Australia's unemployment rate increases over the summer break, lifting from 3.5 per cent to 3.7 per cent in January's figures.

ABC News

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U.S. weekly unemployment insurance claims rise to 196,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending February 4 to a seasonally adjusted 196,000. The previous week’s figure was unrevised at 183,000. The four-week moving average as of February 4 fell to 189,250 from an unrevised 191,750 as of the week ending January 28.

Ballotpedia

ASX rises as jobs report surprises, global markets rally

Australia's unemployment numbers show a rise in January, sending stocks higher, while ANZ now expects the cash rate to peak at 4.1pc by May. Here's how the trading day unfolded.

ABC News

40 years on, does Australia need another Prices and Incomes Accord?

The election of the Hawke Labor government on March 5 1983 began an era of once-in-a-century economic reforms that opened the Australian economy to the world. It floated the dollar, eliminated controls on international capital flows, and dismantled the high tariffs that protected local manufacturers from imports. It refocused Australia’s…

The Conversation

UK labour market can’t hold out much longer against impact of stagflation

The fact that unemployment has started to rise suggests more painful days lie ahead

The Guardian - UK

Your guide to surviving and navigating layoffs

Thousands of layoffs hit workers across the nation in the past few months. The news has created a sense of insecurity that triggered many across all industries to ask, "What if I'm next?"

Tribune News Service

North East sees big rise in number of people opting out of world of work

The region's unemployment rate fell slightly in the most recently released figures, but is still the highest in the UK

Chronicle Live

Unemployment sticks at 3.7% as retired people return to work

Pay continues to be outstripped by rising prices

Wales Online

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Evening Standard

FTSE 100 Live: Blue-chips fall just short of 8000, but index sets another closing record

The FTSE 100 index has moved to the brink of the 8000 threshold amid more signs of economic resilience.

The Conversation

RBA's latest forecasts are grim. Here are 5 reasons why

After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australia’s latest set of forecasts make for grim reading.

Tribune News Service

US jobless claims pick up for the first time in six weeks

Applications for U.S. unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty.

Los Angeles Times

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

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StockNews.com

4 Quality Retail Stocks to Buy and Watch Now

Retail sales declined in December as the high inflation hampered consumer spending. However, sales are expected to improve amid easing inflation and a falling unemployment rate. Therefore, we think fundamentally sound retail stocks Dillard’s (DDS), Buckle (BKE), Movado Group (MOV), and J.Jill (JILL) could be ideal buys now. Read on.

Asharq Al-Awsat

New Recruits to Extremist Groups Expected to Surge in Africa

More people are joining terrorist groups in Africa, which draws questions on its reasons, said a new report by the UN's international development agency. The report underscored the importance of economic factors as drivers of recruitment. Meanwhile, experts expected recruitment to increase as the African governments and international powers fail…

The Guardian - AU

The Reserve Bank wants unemployment to rise. It should be careful what it wishes for

We had all better hope the coming slowdown doesn’t happen before the full effect of rate rises is felt

France 24

Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 183,000

New applications for U.S. unemployment insurance benefits fell 3,000 for the week ending January 28 to a seasonally adjusted 183,000. The previous week’s figure was unrevised at 186,000. The four-week moving average as of January 28 fell to 191,750 from an unrevised 197,500 as of the week ending January 21.

Fortune

Unemployment's darkest legacy is that it can pave the way for extremism and terrorism

High unemployment can drag down a country’s economy, but it can also provide kindling to extremist movements.

The Times of India

Solving people’s pain greater aspiration than any personal reward: Varun Gandhi

Feroze Varun Gandhi is the third-time Lok Sabha MP from Pilibhit in Uttar Pradesh. He is not only a politician but also a poet and author of four books, including his latest release "The Indian Metropolis" today. He holds a BSc (Hons) Economics from the prestigious London School of Economics…

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