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The Latest Breaking News from Unemployment

The U.S. job market is still healthy, but it's slowing down as recession fears mount

U.S. employers added 223,000 jobs in December, as the unemployment rate dipped to 3.5%. Despite some high-profile layoff announcements, the overall job market remains tight.

WEKU

Young men are not finding brides because of unemployment: Sharad Pawar

PUNE: Criticising the BJP governments at the Centre and in Maharashtra over unemployment, Nationalist Congress Party chief Sharad Pawar said on Wednesday that it is creating social issues as young men of marriageable age are not finding brides.

The Times of India

Tunisia Seeks 2.1% Growth Through ‘Development Plan’

Economy Minister Samir Saied said on Tuesday that the government seeks growth of 2.1 percent through the 2023-2025 development plan. In press statements, he said he predicted unemployment rate to drop from 15.3 percent to 14 percent between 2022 and 2025. Tunisia’s economy already deteriorated after the political transition in…

Asharq Al-Awsat

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Seattle's pandemic-weary workers may see a tougher job market in 2023

Almost three years after COVID-19 shut down the economy and put nearly half a million Washingtonians out of work, the job market remains in a state of confusing, unnerving flux.

Tribune News Service

What should you do with your money if you were laid off

Some companies may offer severance packages, which can be negotiable.

Fortune

January is often a big month for layoffs. Here's what to do in a worst case scenario

From calling creditors to announcing your job loss on social media, a solid game plan can make a layoff sting a lot less.

WEKU

Month changed, year changed, but unemployment continues to rise, instead of decreasing: Former Haryana CM Bhupinder Singh Hooda

CHANDIGARH: Former Haryana chief minister and leader of opposition Bhupinder Singh Hooda said on Monday that the change in month and year is not bringing any good news or relief to the people of Haryana as the state continues to be number one in unemployment in the country.

The Times of India

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‘It’s like another planet’: crossing the frontier from Gaza to work in Israel

Unemployment in the Gaza Strip stands at 44% but since 2021 permits to work in Israel have been issued in small numbers

The Guardian - UK

Unemployment Rate Continues to Decline among Saudis

Saudi Arabia’s labor market indicators showed a decrease in the unemployment rate by 1.4 percentage points in the third quarter of 2022, compared to the same period in 2021. The rate of participation of citizens in the labor force increased by 2.7 percentage points, and the ratio of the employed…

Asharq Al-Awsat

US jobless claims rise slightly but remain near historic lows

Applications for U.S. unemployment benefits rose last week, but remained near historic lows, underscoring the enduring resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool demand.

Tribune News Service

Applications for US unemployment aid rose slightly last week

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring

The Independent UK

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Fortune

20 Million People In China Aged 16 To 24 Out Of Jobs: Report

According to The Hongkong Post, "The youth unemployment rate in China has hit new highs this year, rising from 15.3 per cent in March to a record 18.2 per cent in April. Read on for details:

Dynamite News

The 9 best places to live in Florida if you want to avoid the bomb cyclone

The Sunshine State is not just for retirees…or millionaires.

Fortune

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The Times of India

Indian economy likely to grow at over 7% in FY23: Arvind Panagariya

NEW DELHI: The Indian economy is likely to grow at over 7 per cent in the current fiscal year, former Niti Aayog vice chairman Arvind Panagariya said on Wednesday, while observing that the growth rate should sustain next year too provided the forthcoming Budget does not have any negative surprises.

Los Angeles Times

Michael Hiltzik: A panicky Federal Reserve is driving us into an unnecessary recession

Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market's hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn't think it had wrung enough inflation out of the economy…

Daily Record

Levels of unemployment in Dumfries and Galloway drop during 2022

There were 760 less people looking for work compared to during 2021

Ballotpedia

U.S. weekly unemployment insurance claims fall to 231,000

New applications for U.S. unemployment insurance benefits fell 20,000 for the week ending December 10 to a seasonally adjusted 211,000. The previous week’s figure was revised up from 230,000 to 231,000. The four-week moving average as of December 10 fell to 227,250 from a revised 230,250 as of the week…

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ABC News

Australia's economy recovered in 2022, will it crash in 2023?

Soaring inflation and aggressive central bank hikes were the theme of 2022, but will they continue with gusto in 2023? Here's what the experts think.

The Conversation

Nigeria's economy in 2022: winners and losers

At the start of 2022, Nigerians hoped that, with less than two years to the end of President Muhammadu Buhari’s administration, the government would ramp up its efforts to reduce poverty and unemployment.

Tribune News Service

Powell puts US pay hikes at heart of Fed’s 2023 inflation fight

Federal Reserve Chair Jerome Powell has a new North Star to guide his fight against inflation, and it will put American paychecks at the heart of monetary policy next year.

The Conversation

Inflation, unemployment, the housing crisis and a possible recession: Two economists forecast what's ahead in 2023

With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming.

Fortune

Investors think stagflation is a bigger threat to the U.S. economy than a recession

Nearly half of big money managers don't believe the Fed will be able to stick a soft landing and worry that stagflation will be a bigger risk next year.

Tribune News Service

Editorial: State that limits housing can’t figure out homeless problem

California politicians have given the green light to so many boondoggles, they’re difficult to catalog. A $100 billion train that probably will never be completed, a $3,000 municipal garbage can in San Francisco, pandemic unemployment fraud to the tune of $30 billion … it goes on and on.

The Independent UK

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

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