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The Latest Breaking News from Unemployment

Persistently high inflation is causing a split among Federal Reserve officials over next steps

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022

The Independent UK

‘Significantly weaker’: Unemployment rise sparks fears for Australian jobs

A surprise uptick in unemployment in April has stoked fears the labour market may be starting to turn, as forecasts predict a jobs downturn.

The New Daily

Watch: UN’s climate alarm; children from bus horror remain in hospital

Watch: Australia's unemployment rate has risen to 3.7 per cent. China's Ambassador to Australia has confirmed has confirmed Beijing will lift ban on

The New Daily

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Budget 2023: ECE expansion, prescription changes in 'pragmatic' plan

The Finance Minister has unveiled a measured Budget as New Zealand is forecast to avoid recession - but low growth and peak unemployment expected to hang around.

Newsroom.co.nz

Australia's unemployment rate rises to a surprise 3.7 per cent as fewer workers hired

Australia's unemployment rate rises to 3.7 per cent as thousands of jobs were lost last month, defying economists' expectations of further employment gains.

ABC News

The Australian economy lost 27,100 full-time jobs in April as unemployment rose to 3.7%

UBS economist says jobs report ‘weaker than expected’ and makes an RBA rate hike in June ‘unlikely’

The Guardian - AU

French unemployment stays at lowest level since 1982

France's jobless rate has been steady at 7.1 percent since the last quarter of 2022 – the lowest level since 1982. Youth unemployment stands at more than 5 percentage points below pre-pandemic levels. The new data could boost President Emmanuel Macron's economic credentials as he seeks to achieve full employment.…

France 24

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Alan Kohler: The confusing, ridiculous state of economic forecasting

There was a time when we were sure that interest rates wouldn’t change for three years. That illusion was cruelly dashed a year ago.

The New Daily

Wages are growing (good news!) but they’re still playing catch-up with inflation

Australian wages are rising by closer to 4% than 3%. That’s how fast they should grow when inflation is less than 3%, not 7%

The Guardian - AU

Recession Calls Keep Getting Pushed Back, Giving Soft Landing Believers Hope

Defying sharp rate hikes, unemployment stays low and consumers resilient.

Businessweek

Higher unemployment and less income: how domestic violence costs women financially

Women in abusive relationships are more likely to be unemployed and earn less money than women with non-abusive partners.

The Conversation

Louisiana House passes unemployment insurance indexing bill

The Louisiana House of Representatives on May 10 passed a bill that would index the length of unemployment insurance benefits to the state’s unemployment rate. House Bill 340 would reduce the maximum number of benefit weeks to 12 when the unemployment rate is at or below 5%. The bill also…

Ballotpedia

Cooling in jobs market reduces pressure on Bank of England to raise interest rates

The unemployment rate for the January to March quarter rose 0.1% to 3.9%

Evening Standard

UK payroll numbers fall as unemployment rate rises to 3.9%

Evidence of cooling in demand for labour amid 136,000 drop in employees between March and April

The Guardian - UK

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The Guardian - UK

CMA denies blocking Microsoft-Activision deal is bad for UK’s reputation; unemployment rises – as it happened

Turning a blind eye to anti-competitive deals wouldn’t improve UK’s reputation as good place to do business, suggests Competition and Markets Authority

Insider UK

Scottish unemployment rate rises slightly from record low

Slightly fewer than 2.6 million people are in work across Scotland

Chronicle Live

North East unemployment rate edges closer to national average

Regional rate of unemployment is the second lowest in its history, while national levels rose slightly

Wales Online

Unemployment in UK rises to 3.9%

The number of people on employers’ payrolls fell in April for the first time in over two years

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Evening Standard

FTSE 100 Live: Shares fall in afternoon to close at 7745; ‘economic backdrop starting to weigh on job market’

The lacklustre run for the FTSE 100 index is continuing amid uncertainty over whether the United States will avoid a debt default.

The Guardian - UK

Tuesday briefing: Why Suella Braverman thinks immigration is harming Britain – and what the facts say

In today’s newsletter: The home secretary said this week that migrant labour harms the UK’s ‘national character’ – but it’s not that simple

The New Daily

Paul Bongiorno: Cruel stereotypes won’t help a broken jobs market

The Opposition believes these bald numbers prove the point: The jobs are there if only the bludgers (wink wink, nudge nudge) would step up.

The Conversation

Millions of young South Africans are jobless: study finds that giving them 'soft' skills like networking helps their prospects

The fact that more than half of the South African population is under 30 years could be beneficial for the country’s economic growth and development. But South Africa has not been able to reap this demographic dividend. This is largely due to a skills mismatch.

The Hindu

2023 Karnataka Assembly elections | BJP’s failure to tackle unemployment, poverty hit it hard

Nearly 30% of voters said unemployment was the biggest issue this election compared with just 3% in 2018

The Hindu

Job losses, easy money are both key factors of drug addiction in northern States

As the drug menace’s gravity continues to increase with the prevalence and rising usage of substance abuse, “unemployment and availability of easy money” have emerged as key economic factors leading to drug addiction in at least five states of India’s north and northwest region.

Barchart

Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

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