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The Latest Breaking News from Unemployment

UK interest rates: crashing the economy is no way to bring down inflation

The Bank of England (BoE) has raised interest rates once again to 5.25%, mirroring similar moves by the Federal Reserve and the European Central Bank. The fact that the UK is still suffering from high inflation – higher than either the US or eurozone – made another rate rise appear…

The Conversation

The U.S. added jobs at a solid pace in July, reinforcing hopes about the economy

U.S. employers added 187,000 jobs in July, still marking a steady pace of growth. The unemployment rate edged down to 3.5%.

WEKU

Labor Market Shows Resilience As Unemployment Claims Align With Expectations

US Jobless Claims Slightly Rise to 227,000, Matching Economist Predictions

Zenger

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Weekly applications for US jobless aid tick up from 5-month low

The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job market

The Independent UK

Mixed Jobs Report Signals Uncertainty In US Economy

Unemployment rate drops, but job additions fall short of expectations, impacting Fed's interest rate decisions.

Zenger

Dow Jones Falls After Jobless Claims; Amazon, Apple Earnings Due

The Dow Jones Industrial Average dropped Thursday after initial unemployment claims. After the close, Amazon and Apple earnings are due.

Investors Business Daily

Data | The contours of India’s ‘formal jobs’ crisis

The Indian government has been using the Employees Provident Fund (EPF) scheme’s data as a measure of payroll employment and formal job creation since 2017. The monthly data released from this initiative has generally shown an increase in the number of contributors, which is portrayed as evidence of employment creation…

The Hindu

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Unemployment benefits safety net ‘torn apart’ by Tories, claims SNP

The party analysed OECD data to determine that the UK’s benefits lag behind other European countries.

The Independent UK

Dollar Gains on Higher Bond Yields and Yen Weakness

The dollar index (DXY00 ) Tuesday rose by +0.42% and posted a 3-week high. The dollar Tuesday garnered support from higher T-note yields. Also, weakness in the yen gave the dollar a boost after the yen Tuesday dropped to a 3-week low against the dollar. In addition, a slide in...

Barchart

Most Stocks Under Pressure from Earnings and Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.22%. Stocks this morning are mixed, with the Dow Jones...

Barchart

Stock Index Futures Slip as Investors Await Key U.S. Economic Data, Chinese Data Disappoints

September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.25% this morning as market participants digested weak Chinese and Eurozone manufacturing data while looking ahead to the U.S. ISM manufacturing survey.

Barchart

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

The Conversation

The UK is the work-from-home capital of Europe. Now let’s work on getting it right

A head start on remote working, and low unemployment, left us in prime position. But we need to ensure all are supported, says Prof Christine Grant, an occupational psychologist

The Guardian - UK

Chinese youth unemployment is so dire that some parents are paying their adult kids to be ‘full-time children’

It's the latest in a slew of Gen Z anti-work trends in China.

Fortune

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The Guardian - UK

China’s graduates unconvinced by calls to toil in countryside

Amid record youth unemployment, the government wants young people to ‘go to the farmland’ – but the prospect is unappealing for many

Fortune

Bidenomics’ critics are being proven wrong. Happy days are here again

How has the U.S. economy proven so resilient? Partly due to Bidenomics, write Yale's Sonnenfeld and Tian.

The Hindu

Can Artificial Intelligence help in delivering speedy justice needs a thought, says KSLU Vice-Chancellor

KSLU VC C. Basavaraju emphasised need to ponder how AI can be adopted in legal system for speedy justice. AI has benefits, but also negative aspects that need to be considered. Need strong IT law to prevent misuse. Technology revolution has made us ponder if it can solve issues like…

The Independent UK

Congressional Budget Office predicts slower economic growth and 4.7% unemployment into 2024

The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024

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The Guardian - AU

Inflation has peaked – but will the RBA stop raising rates and focus on locking in low unemployment?

The latest numbers show success in the fight against inflation even as jobs figures remain stable

Ballotpedia

U.S. weekly unemployment insurance claims fall to 228,000

New applications for U.S. unemployment insurance benefits fell 9,000 for the week ending July 15 to a seasonally adjusted 228,000. The previous week’s figure was unrevised. The four-week moving average as of July 15 fell 9,250 from the previous week’s unrevised average to 237,500.

France 24

Beijing to provide more economic support to boost sluggish post-pandemic recovery

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on…

Barchart

A Strong Case Against Further Rate Hikes in 2023

The markets have priced in a 99.8% chance of a 25 basis point rate hike at the July 26th FOMC meeting. The data the Fed is looking at may say otherwise!

The Philadelphia Inquirer

President Biden talked ‘Bidenomics’ at the Philly Shipyard. Here’s what it means.

President Biden has a new reelection campaign catchphrase: Bidenomics.

Barchart

Dollar Rises on Higher Bond Yields and U.S. Labor Market Strength

The dollar index (DXY00 ) Thursday rallied to a 1-week high and rose by +0.57%. A jump in bond yields Thursday supported the dollar. Also, signs of strength in the U.S. labor market are hawkish for Fed policy and bullish for the dollar after weekly initial unemployment claims unexpectedly fell...

AAP

Reserve Bank might be using sledgehammer to crack a nut

Prominent economists say a broad range of economic policies are needed to tackle inflation with RBA rate hikes ineffective against key sources of inflation.

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