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The Latest Breaking News from Unemployment

Dollar Gains as US Weekly Jobless Claims Fall

The dollar index (DXY00 ) today is up by +0.18%. The dollar today erased overnight losses and turned higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. Strength in stocks today is limiting the upside in the...

Barchart

Wall Street Today: Stocks React Favorably To Revised Unemployment Data

The U.S. economy got some relief from a favorable unemployment report on Thursday, and the stock markets responded in kind with strong gains from the opening bell.

International Business Times

Stocks Climb as US Weekly Jobless Claims Ease Economic Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +0.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. US stocks are trading higher today after US weekly initial unemployment claims fell more...

Barchart

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Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels

The Independent UK

Top economist: More people are looking for a job, but not because they were laid off

The unemployment rate reflects the fact that the number of workers is growing, not that more people are losing their jobs.

Fortune

Be more avian! Why stressed Chinese students are pretending to be birds

How best to cope with China’s economic slowdown, high cost of living and soaring youth unemployment? Roost in your bedroom

The Guardian - UK

Minnesota's Strong Labor Market And Budget Surplus Under Gov. Walz

Minnesota's labor market thrives under Gov. Walz with low unemployment and high participation rates, backed by a healthy budget surplus.

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Global Markets Tumble Amid Recession Fears

US economy shows signs of recession with declining manufacturing activity and rising unemployment. Gold recommended as a safe investment amid economic unce...

Top News

Experts are warning of a global recession. Here’s what that actually means

While warning about a 25 percent chance of an economic downturn, Goldman Sachs said the US economy remains “fine overall,” and that the recession risk is “limited”

The Independent UK

Chicago Fed president says if jobs, inflation, or ‘financial stability’ worsen, the Fed will ‘fix it’

“It’s the market’s job to react and the Fed’s job to act.” said Chicago Fed president Austan Goolsbee. “And one of those moves with a lot more volatility than the other.”

Fortune

Recession Is Not Inevitable, Despite Stock Market Slump

A few reasons to remain calm about the economy

Reason

Economists Fear Possible Crash Landing For US Economy

US economy faces concerns of a hard landing with rising unemployment and inflation, posing challenges for policymakers and financial stability.

Top News

Warning signs of US recession may be bad news for Kamala Harris

Cracks in labour market provide Trump with evidence for his message that Biden has been disaster for the economy

The Guardian - UK

US Stock Futures Tumble Amid Weakening Economy And Job Report

US stock futures decline as investors worry about the economy, tech valuations, and rising unemployment rate.

Top News

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Fortune

Powell faces a market mutiny if he doesn't make a September rate cut—Wall Street has 'locked in' timings after unemployment concerns

"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."

The Conversation

More secure jobs and higher unemployment benefits would help lift Australia’s birth rate

Across developed countries, including Australia, fewer babies are being born.

Al Jazeera

Is the US headed for a recession?

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

The Conversation

Young, urban, African: research explores what it means to be a good citizen in Ghana, Uganda and Tanzania

Young people between the ages of 18 and 35 make up two-thirds of Africa’s population. The number is expected to reach 75% by 2030. They live in an environment of rapid urbanisation, high unemployment rates and poor state services. These are some of the factors that incline young people towards…

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Fortune

Weak jobs report shows 'there’s a strong case' for Fed rate cuts before next meeting, economist says

"From a risk management perspective we think there’s a strong case to act before September 18th."

The Street

Jobs report triggers key recession warning signal as stocks plunge

Wall Street wanted rate cuts. But not like this.

Newslaundry

Hafta letters: Karnataka jobs quota, Indian cities, Trump

I have a question for the future Chief Justice of India, Anand. If you haven't watched the Sansad speech of RG or PM, how do you have such strong opinions of RG’s speech and an acceptable vision of PM’s speech? You have the right to have your bias, but if…

The Independent UK

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far

A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm

Fortune

This accurate recession indicator is flashing red, but the ‘Sahm rule’ creator says ‘this time really could be different’

“I am not concerned that, at this moment, we are in a recession,” Claudia Sahm told Fortune, adding that “no one should be in panic mode today, though it appears some might be.”

Barchart

Dollar Falls Sharply on Soft US Economic Reports

The dollar index (DXY00 ) Friday fell by -1.17% and tumbled to a 4-1/2 month low. The dollar sank Friday on the weaker-than-expected US Jul payroll report that showed the Jul payrolls rose less than expected and the Jul unemployment rate rose to a 2-3/4 year high. Also, wage pressures...

The Street

Midday movers: Unemployment, earnings crush Amazon and Intel; Apple, DoorDash up

Stock trades lower as recession fear grows.

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