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The Latest Breaking News from Unemployment

Job market softens only a bit, keeping Fed on track for May hike

U.S. payrolls rose at a firm pace last month with the unemployment rate dropping again near record lows, paving the way for the Federal Reserve to increase interest rates at its next meeting.

Tribune News Service

March Nonfarm Payrolls Report: The U.S. Labor Market Remains Strong

What you need to know… On Friday the Labor Department reported March nonfarm payrolls, which showed that the U.S. economy added 236,000 jobs, which was near the 238,000 expectation. The unemployment rate ticked lower to 3.5% from 3.6%. The U.S. stock markets were closed on Friday in honor of the...

Barchart

Gap between US Black and white unemployment drops to record low

The gap between the Black and White unemployment rate — a closely watched benchmark of inequality in the labor market — shrank to its narrowest level on record in March as African Americans saw outsize gains in employment.

Tribune News Service

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Jobs Report Shows Pace of Hiring Slowed in March: What the Experts Are Saying

The jobs report showed the lowest level of hiring in more than two years.

Kiplinger

US adds 236,000 jobs in March as unemployment rate remains little changed

The lower job numbers come as a hot labour market cools down amid increasing interest rates

The Independent UK

The job market is cooling as higher interest rates and a slowing economy take a toll

U.S. employers added 236,000 jobs in March as hiring slowed from the previous month. Unemployment dipped to 3.5%, from 3.6% in February.

WEKU

More than 3,000 West Lothian residents claiming unemployment benefit

While the level was nine per cent lower than in 2020 it was still higher than other parts of south-east Scotland

Daily Record

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Are inflation pressures easing? Jobs report may offer clues

For more than a year, the Federal Reserve’s inflation fighters have been tightening their grip on the American economy with nine straight interest rate hikes

The Independent UK

Stocks Recover Early Losses Ahead of Friday’s Payroll Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.74%. Stock indexes Thursday recovered from early losses and closed...

Barchart

Stocks Rally Despite Higher Initial Unemployment Claims

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.59%. U.S. stock indexes are moderately higher. Earlier this morning,...

Barchart

March Jobs Report: What to Expect

The next jobs report is forecast to reveal a steep slowdown in payrolls growth.

Kiplinger

US jobless claims get bumped up by revisions for seasonal swings

Applications for U.S. unemployment benefits have been much higher than previously reported this year after the government updated its method of adjusting the data for seasonal swings.

Tribune News Service

Rising interest rates have put some borrowers in trouble, but the RBA says the banks will be fine

A significant group of borrowers are at serious risk of default, but Australian banks will be able to comfortably survive any losses, argues the Reserve Bank.

ABC News

U.S. weekly unemployment insurance claims rise to 198,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending March 25 to a seasonally adjusted 198,000. The previous week’s figure was unrevised at 191,000. The four-week moving average as of March 25 rose to 198,250 from an unrevised 196,250 as of the week ending March 18.

Ballotpedia

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Edinburgh Live

More than 3,000 West Lothian residents claiming unemployment benefit

Jobless figures higher than elsewhere in south east Scotland but government backed schemes run by the council are having success

Tribune News Service

COVID created an expanded social safety net; activists are now quietly working to bring it back

In March 2020, the economy grinded to a halt as the COVID-19 pandemic forced widespread shutdowns of businesses. As Congress watched the economy collapse, it responded by doing something lawmakers have resisted since the 1960s: a large expansion of the social safety net.

The Guardian - AU

The late resignation? One third of Australian workers are considering quitting their jobs

Australians have been biding their time when it comes to big career moves, but with burnout rising and low unemployment, a change could be coming

Tribune News Service

Workers call for safety net benefits for undocumented Californians. ‘It’s a human right’

Since last fall, agricultural workers in California's Central Valley have had less work due to prolonged rain storms and the resulting flooding.

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Fortune

America's unemployment could be much higher than it seems

America's layoff situation isn't adding up. New government data reveals that the number of unemployed Americans could be much higher than it seems.

Barchart

S&P Futures Tick Higher Ahead of Key U.S. Inflation Data

June S&P 500 futures (ESM23) are trending up +0.16% this morning after three major U.S. benchmark indices closed higher on Thursday as technology-related shares continued to shine, while investors braced for crucial inflation data for more clues on Federal Reserve’s next rate moves.

Asharq Al-Awsat

Saudi Unemployment Hits Record Low, Approaches ‘Vision 2030’ Target

In the last quarter of 2022, the unemployment rates in Saudi Arabia hit a historical low of 8%, which is only one percentage point away from the targeted rate of 7% specified in the country's national transformation plan, “Vision 2030.” The decrease in joblessness in the Kingdom can be attributed…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 191,000

New applications for U.S. unemployment insurance benefits fell 1,000 for the week ending March 18 to a seasonally adjusted 191,000. The previous week’s figure was unrevised at 192,000. The four-week moving average as of March 18 fell to 196,250 from an unrevised 196,500 as of the week ending March 11.

Reuters

Finland needs welfare cuts, opposition leader says ahead of election

Finland should cut spending on unemployment benefits and other welfare programmes to stop public debt from creeping up, opposition leader Petteri Orpo told Reuters ahead of a closely fought election at the weekend.

Fortune

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

The Guardian - UK

68% of Muslims in England and Wales live in areas with high unemployment

Findings prompt fresh calls from campaigners for levelling up agenda to focus on young British Muslims

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