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The Latest Breaking News from Unemployment

47% of South Africans rely on social grants - study reveals how they use them to generate more income

South Africa has one of the world’s most expansive social grant system: 47% of the population relies on a monthly grant. Of these, 18 million are permanent beneficiaries and about 10 million receive a temporary Social Relief of Distress Grant. This was introduced during the Covid-19 pandemic for working age…

The Conversation

JobSeeker carve-out reeks of focus group politics — and underestimates voters

If Labor was hoping to get a tick of approval for the possibility of higher JobSeeker payments for over-55s, it’ll be severely disappointed.

Crikey

Anger over modest JobSeeker boost for over 55s while younger and Youth Allowance recipients look set to miss out

Young Australians and social services advocates are dismayed the federal budget looks set to include a modest boost to the JobSeeker payment, but only for those over 55.

ABC News

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Wisconsin Assembly passes unemployment insurance indexing bill

Wisconsin lawmakers on April 25 passed several bills related to unemployment insurance, including one that would index the length of unemployment insurance benefits to the state’s unemployment rate. Assembly Bill 153 would reduce the maximum number of benefit weeks to 14 during times when the unemployment rate is at or…

Ballotpedia

There’s no perfect time to raise JobSeeker. Just do it now

Waiting for the day when raising welfare is politically and economically costless is a recipe for cruel inaction.

Crikey

Youth wings scramble to woo youngsters in Karnataka

Ahead of the Karnataka Assembly elections, the youth wings of all three major political parties — BJP, Congress and Janata Dal (Secular) — in Karnataka are trying to engage with young voters.

The Hindu

CM Khattar accuses Opposition of misleading people over Haryana’s ‘unemployment’

Hitting out at the Opposition parties, the Haryana Chief Minister Manohar Lal Khattar has dismissed their accusations over ‘high unemployment’, saying unemployment in Haryana is only between 5-6%.

The Hindu

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Michael Pascoe: How the RBA is making inflation worse

Is there a better example of the deficiencies of monetary policy than the RBA prolonging higher rent inflation by lifting rates to theoretically reduce inflation?

The New Daily

S&P Futures Tick Lower Ahead of Key U.S. Inflation Data

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

Dollar Slightly Higher as Bond Yields Climb

The dollar index (DXY00 ) on Thursday rose by +0.02%. The dollar Thursday posted modest gains. Higher T-note yields Thursday underpinned the dollar. T-note yields rose Thursday after weekly U.S. initial unemployment claims unexpectedly fell, and the Q1 core PCE deflator rose more than expected. Strength in stocks Thursday curbed...

Barchart

How to Financially Get Through A Layoff

Losing your job can be traumatic, but it doesn’t have to wreck your finances.

Kiplinger

How will we know if the US economy is in a recession?

The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive

The Independent UK

Jobless claims fall again with labor market churning along

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy

The Independent UK

Jim Chalmers promises cost-of-living relief in budget but won’t commit to raising jobseeker

Treasurer says government’s focus remains on jobs, as CEO of Acoss says increasing unemployment benefit still a ‘live debate’

The Guardian - AU

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Ballotpedia

U.S. weekly unemployment insurance claims rise to 245,000

New applications for U.S. unemployment insurance benefits rose 5,000 for the week ending April 15 to a seasonally adjusted 245,000. The previous week’s figure was revised up from 239,000 to 240,000. The four-week moving average as of April 15 fell to 239,750 from a revised 240,250 as of the week…

The Hindu

In Gadag and Hanagal, Rahul raises issue of unemployment

Participating in an interaction with youths drawn from varied backgrounds in Gadag on Monday and later addressing a public rally in Hanagal town of Haveri district, Congress leader Rahul Gandhi raised certain pertinent questions concerning the youths including the burning question of unemployment and sought to know from Prime Minister…

The Guardian - US

The workers who say their migrant status has been ‘weaponized’ against them

Undocumented workers play a crucial role in California’s labor force, but are forced to take exploitative jobs

StockNews.com

3 Overvalued Stocks to Sell in April

The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess…

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The Week

Britain’s missing workers

Since the pandemic, Britain has faced a novel difficulty. Official unemployment is at its lowest point since the 1970s: at 1.3 million people, or 3.8% of working-age adults.

Asharq Al-Awsat

Bahrain Hails IMF's Report on Kingdom's Unemployment Rate

Bahrain's Labor Minister Jamil bin Muhammad Ali Humaidan underscored the international community’s confidence in the Kingdom's public aimed at sustaining growth in the labor market. Humaidan's statements highlighted the indicators revealed by the International Monetary Fund (IMF) in its latest report, which expected unemployment rate in Bahrain to drop to…

Barchart

Dollar Falls Back on Soft U.S. Economic News

The dollar index (DXY00 ) on Thursday fell by -0.09% on weaker-than-expected U.S. Philadelphia Fed, existing home sales, and leading indicators reports. Also, signs of weakness in the U.S. labor market undercut the dollar when weekly initial unemployment claims rose more than expected. However, the dollar recovered most of its...

Tribune News Service

US recurring jobless claims jump to highest since November 2021

Recurring U.S. unemployment benefit claims jumped to the highest level since November 2021, indicating some softening in the labor market.

Roll Call

Senate supporters rally to Labor nominee Su against GOP critics - Roll Call

Senate supporters of Julie Su, President Biden's nominee for Labor secretary, rallied to her cause in the face of Republican criticism.

The Independent UK

US unemployment claims tick up to 245,000, but still low

The number of Americans applying for unemployment benefits rose last week but remains low by historic standards

ABC News

Young people in China struggle to find jobs as the country's youth unemployment rate rises

Millions of university-educated, young people in China are unemployed and new data released by Chinese authorities shows the problem is getting worse.

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