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The Latest Breaking News from Unemployment

Why You Should Care About The Latest Interest Rate Hike: From Mortgages To Personal Loans, Credit Cards And The Job Market

Wednesday marked the last day of summer as well as the confirmation of a new hike to the federal funds rate of 0.75%.

Benzinga

U.P. government has no plans to give unemployment allowance: Employment Minister

The Minister was replying to a question raised by BSP leader Umashankar Singh in the legislative assembly

The Hindu

Jonathan Levin: Fed splits the difference on labor market pain

The Federal Reserve is inching toward acknowledging how painful its inflation fight is likely to be, but it’s still a lot closer to the optimists than the pessimists.

Tribune News Service

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The Fed says this is going to hurt, but it matters who feels the pain

Higher unemployment could be on the way, the central bank suggests.

Axios

US jobless claims rise slightly, still near lowest since May

Applications for U.S. unemployment insurance ticked up from an almost four-month low, suggesting demand for workers remains healthy despite an increasingly uncertain economic outlook.

Tribune News Service

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

The Independent UK

Fed hikes interest rates amid rampant inflation, despite recession risk

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

France 24

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Govt's income insurance plans prove polarising

Businesses and unions are at odds over the merits of a social unemployment scheme.

Newsroom.co.nz

U.S. weekly unemployment insurance claims fall to 213,000

New applications for U.S. unemployment insurance benefits fell 5,000 for the week ending September 10 to a seasonally adjusted 213,000. The previous week’s figure was revised down from 222,000 to 218,000. The four-week moving average as of September 10 fell to 224,000 from a revised 232,000 as of the week…

Ballotpedia

Commentary: Beware: A quirk in state law could mean that California taxes federal student debt relief

Back in 2018, I was unemployed for eight months. Come April of 2019, I learned that while California doesn’t tax unemployment checks, the federal government does.

Tribune News Service

Brighter employment figures proof of recovery, claims govt

Thailand's economy shows sign of recovery, following a dip in unemployment to its lowest level since the start of Covid-19 pandemic.

Bangkok Post

Joblessness below pre-COVID levels: Finance Ministry

Q1 surge in private consumption not just a function of pent-up demand but also rising employment levels, it says

The Hindu

Bharat Jodo Yatra: Resolve problems gripping nation, Rahul Gandhi tells Narendra Modi

ALAPPUZHA Taking potshots at Prime Minister Narendra Modi, Congress leader Rahul Gandhi on Saturday

The Hindu

Country's youth marking PM's birthday as 'National Unemployment Day', he must provide jobs: Congress

NEW DELHI: The Congress on Saturday claimed that in view of the "worrying" job situation in the country, the youth are marking Prime Minister Narendra Modi's birthday as "National Unemployment Day", and demanded that he provide employment to them as promised.

The Times of India

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Ballotpedia

U.S. weekly unemployment insurance claims fall to 222,000

New applications for U.S. unemployment insurance benefits fell 6,000 for the week ending September 3 to a seasonally adjusted 222,000. The previous week’s figure was revised down from 232,000 to 228,000. The four-week moving average as of September 3 fell to 233,000 from a revised 240,500 as of the week…

The Independent UK

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The New Daily

Economists discount unemployment rise amid ‘bright’ jobs outlook

Australia's unemployment rate ticked up for the first time in 10 months as more Australians looking for work offset a solid rise in jobs.

AAP

Qld unemployment rate lowest on record

The Sunshine State has registered its lowest unemployment rate since recording began in 1978.

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The Guardian - AU

Australia’s unemployment rate rises slightly from 3.4% to 3.5% as more people seek work

Labour market figure will be watched by economists as a guide to Reserve Bank’s decision on whether to further raise interest rates

ABC News

Unemployment rises for the first time in 10 months despite continuing jobs boom

Australia's unemployment rate rises for the first time in 10 months, despite more than 30,000 jobs being added in August.

AAP

Australian jobless rate lifts to 3.5pct

The jobless rate grew to 3.5 per cent in August, lifting from the record low 3.4 per cent figure in July.

The Independent UK

American billionaires ‘lose $93bn in a day’ as new inflation figures hit markets hard

“Unemployment is low. Jobs are up. Manufacturing is good. I think we’re going to be fine,” said President Joe Biden

The Independent UK

Biden insists US economy ‘going to be fine’ after stock market plummets amid reports of continued inflation

Unemployment remains low, the president said

The Conversation

How do we make workplaces work for autistic people?

The unemployment rate in Australia for autistic people is 34.1%, according to the most recent data. This is more than three times the rate for people with disability (10.3%) and almost eight times the rate of people without disability (4.6%).

Birmingham Post

Unemployment in Wales lowest since 1974 but economic inactivity on the rise

The unemployment rate in Wales is lower than the UK as a whole but the reverse for economic inactivity

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