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The Latest Breaking News from Unemployment

Hot Wage Growth, 'Encouraging' Jobs Data: 5 Experts React With Interest Rates Hanging In The Balance

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday morning after the Labor Department reported strong U.S. jobs market numbers from August.

Benzinga

US economy added 315,000 jobs in August as unemployment rate rose slightly from half-century low

The government reported Friday that the economy added 315,000 jobs last month, down from 526,000 in July

The Independent UK

US adds 315,000 jobs as participation jumps and wages rise

U.S. employers added jobs at a healthy, yet more moderate pace in August, offering little evidence of any kind of definitive slowdown despite a jump in unemployment.

Tribune News Service

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US employers add 315,000 jobs as more workers join labor force

U.S. employers added a healthy number of jobs in August and a steady stream of people entering the workforce lifted the unemployment rate, suggesting some easing in the tight labor market and offering mixed implications for the Federal Reserve.

Tribune News Service

The economy added 315,000 jobs, showcasing a labor market that is still strong

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.

WEKU

Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

Tribune News Service

America’s getting back to work, and that includes Illinois

Since Joe Biden took office, we’ve added 9.5 million jobs to the economy. The unemployment rate has plunged to 3.5%, matching a 53-year low.

Chicago Sun-Times

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US jobless claims decline for a third week to a two-month low

Applications for U.S. unemployment insurance fell for a third week to a two-month low, suggesting healthy demand for labor even as economic growth moderates.

Tribune News Service

How to get to full employment: Ross Garnaut's address to the jobs summit

This is an edited extract from Ross Garnaut’s address to the jobs summit on Thursday night. Read other articles in The Conversation’s series about the summit here.

The Conversation

Ireland's jobless rate rose slightly to 4.3% in August

The figures, released on Wednesday, show that the jobless rate went up from a rate of 4.2% in July 2022 and were down from 5.5% in August 2021

Irish Mirror

Unemployment rate dips to 7.6% in April-June 2022: NSO survey

NEW DELHI: The unemployment rate for persons aged 15 years and above in urban areas dipped to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office (NSO) said on Wednesday.

The Times of India

What was the Commonwealth Employment Service? Why are people calling for it to return?

The Commonwealth Employment Service grew out of a realisation that unemployment had been a policy choice, but it fell out of government favour in the late 1980s and was privatised in 1998, leaving many former staff mourning what was once possible.

ABC News

Gen Z didn’t coin ‘quiet quitting’ — Gen X did

American business leaders sometimes talk about workforce productivity trends the same strained way you might expect a perfectly healthy hypochondriac to check his body temperature three times a day. (Remember “nobody wants to work anymore”? The U.S. unemployment rate is 3.5%.) The new social media meme about “quiet quitting” —…

Los Angeles Times

The jostling winners in a dog-eats-dog high inflation world

The cost of living is increasing at its fastest rate since 1990. Inequality means more status competition, as people jostle in a high-stakes economy.

Newsroom.co.nz

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The Conversation

Nigeria's economy: four priorities the next president must deliver on

Nigeria is preparing to elect its next president in February 2023. That person will have a daunting task fixing a near comatose economy.

The Hindu

Country reeling under price rise and unemployment, alleges AICC spokesperson

‘GST is also imposed on foodgrains, curd, lassi and buttermilk’

The Guardian - AU

Jobseeker should rise to $70 a day to ‘lift people out of poverty’ and back into work, Acoss says

Peak body will lobby government to make full employment the ‘core goal’ in bid reduce social harms of joblessness

AAP

Sectors join forces ahead of jobs summit

The national welfare advocate, as well as business and union representatives, are urging the federal government to ensure long-term unemployment is eradicated.

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Bangkok Post

Unemployment lowest since start of outbreak

Thailand's unemployment rate in the second quarter of the year was the lowest since the pandemic broke out in early 2020, a clear sign the economy is recovering from the pandemic's impact, says a senior official of the National Economic and Social Development Council (NESDC).

The Guardian - AU

Should Australian companies make millions out of people’s unemployment misery?

Next week’s jobs summit seems like an opportune time to raise questions around the lucrative employment industry

ABC News

First Nations workers still overlooked despite nationwide employment shortage

Racism, exclusion, and identity strain are all factors that contribute to high levels of Indigenous unemployment, and ahead of the jobs and skills summit advocates want the government to look at a national overhaul.

Bangkok Post

Jobless rate down in Q2 as Covid-19 curbs eased

Thailand's official unemployment rate in the second quarter dropped to its lowest since the Covid-19 pandemic began and should improve further as the economy recovers following an easing of restrictions, the National Economic and Social Development Council (NESDC) said on Friday.

Tribune News Service

US jobless claims fall for second week, a sign of labor strength

Applications for U.S. unemployment insurance fell for the second week, suggesting that employers are holding on to workers despite growing economic uncertainty.

Irish Mirror

Employment rate among workers aged 15-64 in Ireland at record high

This is the highest employment rate since this data series began in 1998

The Independent UK

Fewer Americans claim jobless benefits last week

Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy

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