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The Latest Breaking News from Unemployment

The Treasury secretary says the red-hot labor market means the U.S. can avoid a recession: ‘You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years’

“The country has been through a lot…But really we have a strong and resilient economy,” Yellen told ABC. “And inflation is coming down.”

Fortune

IMF: U.S. economy might yet manage to pull off a soft landing and avoid recession

Treasury Secretary Janet Yellen also downplayed the risk of the U.S. economy contracting: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.”

Fortune

I introduced social entrepreneurship to my trainee teachers -- why it'll make them better at their jobs

The daily headlines from South Africa are largely gloomy. The country’s government seems unable to address a years-long electricity crisis that is steadily worsening. Unemployment is high. Food prices are climbing.

The Conversation

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Labor force participation among Black workers has returned to pre-pandemic levels

Unemployment among Black Americans fell to 3.4% in January, while labor force participation hit pre-pandemic levels

Fortune

Editorial: Refugees want jobs, and the economy wants workers

With a total of 517,000 new jobs created last month and total employment estimates revised up, the country now has the lowest unemployment rate in more than half a century.

Tribune News Service

An unexpected job surge confounds the Fed's economic models

Does the Federal Reserve have it wrong

The Independent UK

US payrolls surprise with surge as jobless rate hits 53-year low

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Tribune News Service

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US adds a surprisingly strong 517,000 jobs despite Fed hikes

January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.

Chicago Sun-Times

Surge in US hiring surprises markets

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

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

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Manchester Evening News

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'

The Guardian - UK

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

AAP

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.

Daily Record

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.

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Chronicle Live

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

Insider UK

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

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

Fortune

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.

Bangkok Post

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…

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

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