The Latest Breaking News from Unemployment

After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australia’s latest set of forecasts make for grim reading.

Applications for U.S. unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty.

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Retail sales declined in December as the high inflation hampered consumer spending. However, sales are expected to improve amid easing inflation and a falling unemployment rate. Therefore, we think fundamentally sound retail stocks Dillard’s (DDS), Buckle (BKE), Movado Group (MOV), and J.Jill (JILL) could be ideal buys now. Read on.

More people are joining terrorist groups in Africa, which draws questions on its reasons, said a new report by the UN's international development agency. The report underscored the importance of economic factors as drivers of recruitment. Meanwhile, experts expected recruitment to increase as the African governments and international powers fail…

We had all better hope the coming slowdown doesn’t happen before the full effect of rate rises is felt

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

New applications for U.S. unemployment insurance benefits fell 3,000 for the week ending January 28 to a seasonally adjusted 183,000. The previous week’s figure was unrevised at 186,000. The four-week moving average as of January 28 fell to 191,750 from an unrevised 197,500 as of the week ending January 21.

High unemployment can drag down a country’s economy, but it can also provide kindling to extremist movements.

Nonfarm payrolls soared 517,000 in January, while the unemployment rate dropped to a 53-year low of 3.4%.

“The country has been through a lot…But really we have a strong and resilient economy,” Yellen told ABC. “And inflation is coming down.”