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The Latest Breaking News from Unemployment

Negative equity is looming for some home owners – but you only need to worry if you need to sell

It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity.

The Conversation

Nouriel Roubini says it's 'mission impossible' for the U.S. to avoid a recession

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.

Fortune

In defence of RBA Governor Philip Lowe: an easy scapegoat for record interest rate rises

Reserve Bank Governor Philip Lowe is getting terrible press, most of it undeserved.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

U.S. weekly unemployment insurance claims rise to 217,000

New applications for U.S. unemployment insurance benefits rose 3,000 for the week ending October 22 to a seasonally adjusted 217,000. The previous week’s figure was unrevised at 214,000. The four-week moving average as of October 22 rose to 219,000 from an unrevised 212,250 as of the week ending October 15.

Ballotpedia

Block, Eli Lilly And 2 Other Stocks Insiders Are Selling

The US economy added 261,000 jobs in October, while the unemployment rate increased to 3.7% during the month. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Fighting inflation doesn’t directly cause unemployment – but that's still the most likely outcome

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

The Conversation

We’ve a dire lack of workers, and putting a load of them on the dole won’t help

The real reason for last week’s rate rise was to boost unemployment and keep a lid on wage demands. But the government could instead increase the supply of labour

The Guardian - UK

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Mark Bradley: The Falcons, dare we say, have gotten smart

ATLANTA — No coach is handed a perfect team, though some teams are more imperfect than others. There are two ways to handle this. One is to shrug and say, “I need better players.” This generally leads to unemployment. The other is to do the best you can with what…

Tribune News Service

Is the US already in a recession? Economists and biz leaders disagree

Most Americans think the U.S. is in a recession right now.

Tribune News Service

Why do we have such low rental vacancy? It doesn’t mean a shortage of houses

A low rental vacancy rate doesn’t mean a lack of housing, just as the jobless rate doesn’t indicate a shortage of human beings

The Guardian - AU

US job growth still robust

WASHINGTON: US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Bangkok Post

US economy adds 261,000 jobs in October, unemployment rises to 3.7 per cent

Labor force participation remains below pre-Covid-19 levels

The Independent UK

US adds 261,000 jobs in October as unemployment rate rises slightly

Final jobs report before midterms shows jobless rate at 3.7%, a day after Federal Reserve announced further interest rate hike

The Guardian - US

Reserve Bank warns Australians to brace for tough years ahead to get inflation under control

The Reserve Bank expects a couple of tough years for Australians, with real wages continuing to fall as inflation persists, economic growth slows and unemployment starts to rise.

ABC News

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Tribune News Service

Deeper US recession looms as resilient labor market spurs Fed

The odds of a U.S. recession are rising. And the chances it will be mild are falling.

Tribune News Service

US jobless claims hold near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy.

Benzinga

US Jobless Claims Still At Historic Lows, But Will Fed's Rate Hike Spur Layoffs?

U.S. initial jobless claims ticked lower last week, but not by much. Unemployment insurance filings still remain near historically low levels.

Newsroom.co.nz

Women and youth dragged into the labour force

Rising wages and pressure on household finances are forcing people into the workplace who would prefer to be home with their families or studying to provide NZ a high-skilled workforce.

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The Times of India

India's unemployment rate rises in October: CMIE data

NEW DELHI: India’s overall jobless rate climbed in October, led by a sharp rise in rural unemployment after the end of harvest of monsoon-sown crops, according to a private research firm.

Benzinga

Larry Summers Says US Facing Complex Challenges: 'Curbing Inflation Comes First, But We Can't Stop There'

Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is not as grave as the 2009 financial crisis or inflation during the 1970s.

Dynamite News

Politics: Legacy Of Modi Govt After 8 Years No Jobs, Says Chidambaram

The Congress has been attacking the government over alleged lack of jobs for the youth and rising unemployment. Read on for details:

Financial Times

The Fed’s dilemma: how long to ‘keep at it’ on inflation

Amid conflicting economic signals and with midterms looming, the US central bank weighs a critical decision over interest rates

ABC News

Young people in Port Moresby pushed to breaking point as Papua New Guinea grapples with unemployment crisis

Papua New Guinea's capital Port Moresby is grappling with a youth unemployment crisis, with some young people applying for hundreds of jobs after graduating from university, with only a handful of interviews to show for it.

The Conversation

Nigeria's education for entrepreneurs needs to keep it real, not just in the classroom

Africa is home to over 200 million people aged between 15 and 24, according to UN data. The continent has the largest population of young people in the world.

The Independent UK

US unemployment claims inched higher, but remain very low

Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy

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