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The Latest Breaking News from Unemployment

Unemployment falls again to a new low, but the cause of the fall is not good news

Unemployment has fallen to a new, 48-year low, but the move lower was driven entirely by a sharp drop in the number of people in work or looking for it.

ABC News

Lifeline job training program in Toowoomba helps long-term unemployed people find work

It took Renee Perrow eight years to get a full-time job. Others like her are trapped in long-term unemployment but charities say they are an untapped solution to the labour shortage.

ABC News

Qantas' takeover of FIFO airline hits roadblock, ASX slips as UK inflation surges to highest since 1982

The Australian share market snaps its three-day rally after a volatile session on Wall Street, consumer inflation in Britain surges to its highest level in 40 years, while the competition regulator flags concerns about Qantas' proposed takeover of Alliance Aviation.

ABC News

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In Argentina, mass protests demand higher wages, lower inflation

Thousands of frustrated Argentines clogged downtown Buenos Aires on Wednesday in raucous street protests, demanding government action to boost salaries and unemployment benefits battered by surging consumer prices and a weakening peso currency.

Reuters

Need a change in the country, says Kavitha

‘Poverty, unemployment, religious fanaticism need to be addressed on an urgent basis’

The Hindu

Black and Asian unemployment rate higher than white joblessness, analysis shows

Exclusive: There is a high risk of worsening ethnic inequalities in the labour market, charity warns

The Independent UK

U.S. weekly unemployment insurance claims rise to 262,000

New applications for U.S. unemployment insurance benefits rose 14,000 for the week ending August 6 to a seasonally adjusted 262,000. The previous week’s figure was revised down from 260,000 to 248,000. The four-week moving average as of August 6 rose to 252,000 from a revised 247,500 as of the week…

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Why does our inflation response punish low-income workers?

As the Reserve Bank considers another rate increase today, a more equitable approach would seek to shift the costs of dealing with inflation on to the least vulnerable, argues Edward Miller

Newsroom.co.nz

What William Ruto's presidency would mean for Kenya's economy

William Ruto has been declared the winner of Kenya’s 2022 presidential election. The close results have been queried, raising the risk of a prolonged political transition. But, if cleared, Ruto is set to inherit an economy that’s not in great shape. For example, unemployment is running high, a fact that…

The Conversation

More unemployment next year than in pandemic, experts predict, as inflation set to top 13 percent this year

The latest figures out today show a 0.1 percent rise in unemployment over the last three months - but it's a sign of things to come

Manchester Evening News

North East policy leaders warn of 'difficult times' for firms and communities as unemployment figures are published

'Without intervention, we can expect a difficult economic situation,' North East LEP CEO Helen Golightly warns

Birmingham Post

Warning of 'difficult times' as latest North East unemployment and PAYE figures are published

'Without intervention, we can expect a difficult economic situation for local communities and businesses,' the North East LEP says

Chronicle Live

Scottish unemployment rate drops by 1.1% since last year to joint record low

But despite the positive trend, estimated wage growth has fallen behind the rest of the UK

Insider UK

Glass half empty or full? The two ways of viewing latest UK jobs figures

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

The Guardian - UK

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The National (Scotland)

Unemployment rate in Scotland drops to joint record low

THE unemployment rate in Scotland has dropped by 1.1 percentage points across the past year, figures have shown.

Manchester Evening News

Britain sees rise in unemployment - and a record slump in workers' pay

Experts believe that pay is down by 4.1 percent in real terms

Evening Standard

FTSE 100 Live: Record pay squeeze revealed, unemployment rate steady at 3.8%

Earnings in real terms have fallen by a record 3% as workers continue to be squeezed by soaring prices, official figures showed today.

The Conversation

Why unemployment is set to stay below 5% for years to come

Unfathomably, Australia’s unemployment rate has sunk to 3.5%. Even harder to believe is that it will soon sink lower – perhaps even this week, when the update is released on Thursday – and after that, if the ANZ’s forecasts are correct, dip below the next threshold to two-point-something for the…

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Ballotpedia

U.S. weekly unemployment insurance claims rise to 260,000

New applications for U.S. unemployment insurance benefits rose 6,000 for the week ending July 30 to a seasonally adjusted 260,000. The previous week’s figure was revised down from 256,000 to 254,000. The four-week moving average as of July 30 rose to 254,750 from a revised 248,750 as of the week…

The New Daily

Week of gains as markets rally and unemployment hits record low

What to watch in markets this week: The ASX200 closed higher for a fourth straight week, and it is now 10 per cent above its June lows.

The Times of India

State government is committed to make 'Rangla Punjab': CM Bhagwant Mann

LUDHIANA: Punjab Chief Minister Bhagwant Mann on Monday called upon people to join hands and wage a war against social maladies like unemployment, corruption, communalism and social discrimination to realise the dreams of freedom fighters and make a 'Rangla Punjab '

Asharq Al-Awsat

HCP: Unemployment Rate Among Moroccan Youths is 31.8%

The unemployment rate in Morocco among young individuals aged 15 to 24 years is 31.8%, the High Commission for Planning (HCP) revealed on Friday. This age group represents 5.9 million out of the kingdom’s 36 million total population, of which 16.3% have jobs (962,000) and 7.6% are unemployed (448,000). The…

Al Jazeera

US jobless claims increase for second straight week

Unemployment claims remain close to the highest level since last November, the Labor Department said.

Tribune News Service

US jobless claims rise again, near highest since November

Applications for U.S. unemployment insurance rose for a second week and held near the highest level since November, indicating continued moderation in the labor market.

The Independent UK

US unemployment claims rise by 14,000 to 262,000

The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength

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