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The Latest Breaking News from Unemployment

Unemployment rate rises as UK faces deepening economic gloom

New figures also signal more people are choosing to return to work

The Independent UK

'Difficult decisions needed' says chancellor as unemployment rises

Jeremy Hunt warned inflation needed to be tackled otherwise it would 'prolong the pain'

Wales Online

FTSE 100 Live 13 December: Pound rallies past $1.24 to 6-month high; US CPI inflation lower than expected at 0.1%

The UK unemployment rate today rose to 3.7% as official figures also showed no let up in the squeeze on real-terms wages.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

30 million in UK ‘priced out of decent standard of living by 2024’

Thinktank blames rising prices, inflation and unemployment, and called for national living income

The Guardian - UK

Ultra-low unemployment to hold firm

The latest Australian Bureau of Statistics labour force data due this week is expected to show continued high competition for workers in the jobs market.

AAP

U.S. Economy, S&P 500 Face Hard Landing — Unless The Federal Reserve Does This

With wage growth far too hot, the Federal Reserve may need to implicitly hike its 2% inflation target to avoid a hard landing for the economy.

Investors Business Daily

African debt: how to break unequal relationships in financing deals

Africa is facing some impossibly difficult choices when it comes to financing its development. Countries need hundreds of billions of dollars each year to meet their climate, poverty, unemployment and inequality challenges. They cannot meet these needs only from their own resources, grants and concessional sources. They will have to…

The Conversation

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Dwindling Economic Opportunities for China’s Youth Fuels Discontent

Without addressing high levels of youth unemployment, China will see a generation of lost youth who may look for disruptive ways to voice their despair.

The News Lens

Hunter businesses 'downbeat', new survey results show

Businesses in the Hunter region are more concerned than the NSW average when it comes to rising interest rates and energy costs, according to the latest Business Conditions Survey.

Newcastle Herald

Parliament Winter Session: Opposition Demands Dscussion On Unemployment, Price Rise; Govt Assures Debate On All Matters

On the eve of Winter Session an all-party meeting was held on Tuesday in the Parliament premises where several opposition leaders raised issues like unemployment, price rise to be taken up for discussion in the coming session. Read on for details:

Dynamite News

Minister considering bumper maternity leave payments of potentially €500 a week

Exclusive: This will be part of a move towards a new social welfare system which is moving towards what a source called 'exactly what it says on the tin'-style payments

Irish Mirror

World’s first job guarantee trial ‘eliminates’ long-term unemployment

One man with 600 failed job applications over three years is now in work

The Independent UK

'Two steps forward, one step back': Experts weigh in on November’s jobs report and Powell's big inflation challenge

Persistent wage growth and a low unemployment rate may be great for Americans, but they're making the Fed's inflation fight that much more challenging.

Fortune

US adds 263,000 jobs in November as unemployment rate stays at 3.7%

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

The Guardian - US

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Tribune News Service

Losing pandemic benefits meant losing a lifeline for many Black and older people

Two million Californians lost their unemployment benefits last September when four pandemic-era federal programs ended. Some workers scrambled to find jobs, just as employers had hoped. But others, who’d been trying to find steady work for months, had their safety net pulled out from under them.

Tribune News Service

Continuing US jobless claims rise to highest since February

Recurring applications for U.S. unemployment benefits rose to the highest since February, suggesting that Americans who are losing their job are having more trouble finding a new one in a labor market that’s gradually cooling.

The Independent UK

Applications for jobless benefits declined last week

The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve’s aggressive interest rate hikes

Al Jazeera

India PM Modi’s home state Gujarat votes in key regional election

Opinion polls projected BJP to comfortably retain power in the state despite criticism of inflation and unemployment.

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news in one place.

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The Conversation

Gig platforms help immigrant care workers find jobs, but they are only a temporary solution

For internationally trained health-care professionals faced with unemployment and underemployment in the Canadian labour market, digital platforms offer the possibility of finding jobs in the industry they are trained in.

Irish Mirror

Unemployment rate in Ireland at 20-year record low

Despite the bleak economic forecast, more people are employed in Ireland than ever

Chicago Sun-Times

Pritzker announces bipartisan deal with business and labor to pay off unemployment fund debt: ‘We can find common ground’

Pritzker announced the state had reached a deal via the agreed bill process to contribute $1.8 billion and add $450 million as an interest-free loan to the Unemployment Insurance Trust Fund. Lawmakers are in Springfield for the fall veto session — and changes to the massive criminal justice package…

Fortune

Bank of America sees inflation falling to this number by the end of next year—but it’ll take a recession to get there

Bank of America says a “mild recession” will raise the unemployment rate to 5.5% next year and cool inflation.

Newsroom.co.nz

Post-Covid inflation adds a new twist to the famous Phillips Curve

A 'wet weekend's work' by NZ's most brilliant economist is being embraced by the world's central banks to help chart a course out of pandemic.

Ballotpedia

New York audit indicates over $11 billion in unemployment insurance was stolen during the coronavirus pandemic

The New York Division of State Government Accountability (DSGA) released the results of an audit of the state’s unemployment insurance system on November 15 that indicated over $11 billion were lost to fraud between April 2020 and March 2021.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 222,000

New applications for U.S. unemployment insurance benefits fell 4,000 for the week ending November 12 to a seasonally adjusted 222,000. The previous week’s figure was revised up from 225,000 to 226,000. The four-week moving average as of November 12 rose to 221,000 from a revised 219,000 as of the week…

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Tanaiste Leo Varadkar

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