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The Latest Breaking News from Unemployment

Young people are tomorrow's future, yet they face many challenges hindering proper opportunities to attain decent work and fulfil their aspirations. Fewer Thai youth have jobs than a decade ago, says the Ministry of Labour. The unemployment rate for young people aged 15–24 is seven times higher than the adult…

Bangkok Post

Business Hunter applauds 'unheard of' low regional jobless rates in latest ABS figures

Good news for Hunter although national economy 'in slow decline'

Newcastle Herald

West Virginia Senate passes unemployment insurance indexing bill

The West Virginia State Senate on January 23 passed a bill 27-5 that would index the length of unemployment insurance benefits to the state’s unemployment rate. During times when the unemployment rate is below 5.5%, unemployed workers could collect a maximum of 12 weeks of benefits. For each 0.5% increase…

Ballotpedia

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EXPLAINER: How will we know if the U.S. is in recession?

A second consecutive quarter of economic growth underscored Thursday that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades

The Independent UK

President Biden Takes Victory Lap on Two Key Initiatives

White House issues statement commenting on two key positives for the administration.

The Street

Government Watchdog Finds $60 Billion in Pandemic Unemployment Fraud, Suggests Maybe Doing Something About It

Despite multiple warnings in the past, the Department of Labor has yet to implement a comprehensive strategy for detecting unemployment insurance fraud.

Reason

Strikes: why refusing public sector pay rises won't help reduce inflation

The UK government has not yet resolved the thorny issue of ongoing public sector pay disputes, despite the fact that these workers are suffering much more from the cost of living crisis than their private sector counterparts. The government is worried about wage increases pushing up inflation that is already…

The Conversation

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Veterans can plug the labor shortage bedeviling corporate America, says Wounded Warrior CEO

Disabled veterans are an untapped resource for employers, says Wounded Warrior Project's CEO.

Fortune

Fewer Americans file for jobless benefits last week

U.S. applications for unemployment benefits fell last week to their lowest level in 16 weeks, defying the Federal Reserve’s attempts to slow the economy and bring down inflation

The Independent UK

Shock job losses in December drive unemployment to 3.5 per cent

Unemployment is steady at 3.5 per cent, after November's jobless rate was revised higher, on the back of an estimated 14,600 jobs being lost last month.

ABC News

The Sanctions on Russia Are Working

Slowly but surely, sanctions are weakening Putin.

Foreign Affairs

People in abortion-restrictive US states economically disempowered – study

Wages, incarceration rates and unemployment benefits access worse when compared with states allowing the procedure

The Guardian - US

U.S. weekly unemployment insurance claims fall to 205,000

New applications for U.S. unemployment insurance benefits fell 1,000 for the week ending January 7 to a seasonally adjusted 205,000. The previous week’s figure was revised up from 204,000 to 206,000. The four-week moving average as of January 7 fell to 212,500 from a revised 214,250 as of the week…

Ballotpedia

WA jobless workers living 'surrealistic nightmare' as recession looms

Even as economists are forecasting an economic slowdown and rising unemployment in Washington later this year, the state system that provides benefits to jobless workers hasn't even recovered from the last slump.

Tribune News Service

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Birmingham Post

East Midlands unemployment stays low – but there are fears it could start rising

East Midlands Airport, Derby County FC and Aldi are among those looking for staff in the East Midlands

Los Angeles Times

Commentary: Think Big Tech’s thousands of layoffs indicate a coming recession? Think again

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more.

Chronicle Live

North East is worst UK region for unemployment in new figures

The region's unemployment rate has stayed the same as last month but it has regained the unwanted title of the UK's joblessness blackspot

Wales Online

UK unemployment rises to 3.7%

There are now more people out of work as the cost of living crisis continues

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Tribune News Service

Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

The Conversation

Being a volunteer won't land you a job. But it could improve your chances of getting one

The South African government has implemented numerous economic policies to boost employment since the democratic transition in 1994. But between 1995 and 2022 the growth in employment – from 9.5 million in 1995 to 15.8 million in 2022 – wasn’t enough to keep up with the more rapid increase of…

The New Daily

How long will we use human misery to control inflation?

An interest rate increase? On the agenda? Try eight, actually happening. Dr Lowe and his RBA colleagues did get left behind.

Axios

Companies still hungry for U.S. workers

The pace of jobs added each month has moderated, but there are still plentiful job opportunities for American workers.

Axios

These major banks see a "mild recession" coming in 2023

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.

ABC News

Hospitality businesses in Ipswich struggling to stay open due to lack of workers

Despite a busy festive period, Ipswich business are closing their doors, struggling to find staff to cope with demand.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 204,000

New applications for U.S. unemployment insurance benefits fell 19,000 for the week ending December 31 to a seasonally adjusted 204,000. The previous week’s figure was revised down from 225,000 to 223,000. The four-week moving average as of December 31 fell to 213,750 from a revised 220,500 as of the week…

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