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The Latest Breaking News from Unemployment

California woman collected $145,000 in jobless benefits using names of death row inmates Scott Peterson, Cary Stayner

A Sacramento, California, woman has been charged with multiple counts of felony grand theft and forgery after she allegedly collected more than $145,000 in unemployment benefits using the identities of convicted killers Scott Peterson and Cary Stayner, the state attorney general’s office announced Wednesday.

Los Angeles Times

Australia’s jobless rate is steady as she goes – and so too is the economy

Unemployment has come in at 3.5% for the second month in a row. That’s good news for economic growth – if people have jobs, they’re more likely to spend

The Guardian - AU

Unemployment remains steady as job creation dries up

Some employers are still struggling to fill vacancies, but the latest data hint that the COVID jobs boom is coming to an end.

ABC News

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China’s decade under Xi Jinping explained in seven charts

Xi has overseen rapid economic growth and rising wealth, while spending big on the military, but inequality has widened has and a demographic crisis looms

The Guardian - AU

A special task force is investigating claims and freezing accounts to determine who legitimately qualifies for the relief money. About $20 billion in unemployment money was stolen by criminals.

WEKU

U.S. weekly unemployment insurance claims rise to 219,000

New applications for U.S. unemployment insurance benefits rose 9,000 for the week ending October 8 to a seasonally adjusted 228,000. The previous week’s figure was unrevised at 219,000. The four-week moving average as of October 8 rose to 211,500 from an unrevised 206,500 as of the week ending October 1.

Ballotpedia

Ugly (Really) Rates and Unemployment Forecast Out From BofA

BofA economists see the federal funds rate hitting 5% by March 2023, sending shockwaves through the economy.

The Street

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US jobless claims reach six-week high in wake of Hurricane Ian

Applications for U.S. unemployment insurance increased to a six-week high, driven in part by a jump in Florida claims in the aftermath of Hurricane Ian.

Tribune News Service

Soaring rent, food costs keep US consumer inflation high

The rising rent and food prices reinforce expectations that the US Fed will raise interest rates again next month.

Al Jazeera

U.S. applications for jobless aid rise last week

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation

The Independent UK

Commentary: The labor market’s double-edged sword

The unemployment rate now matches the pre-pandemic, half-century low of 3.5 percent. But with 2.8 million missing workers, low unemployment is both a blessing and a curse.

Tribune News Service

Crisis-hit Iraq Makes Latest Bid to Elect President

Lawmakers in crisis-hit Iraq meet Thursday for their fourth attempt this year to elect a state president and break a year-long gridlock marred by deadly violence that has deepened economic woes. Oil-rich Iraq has yet to form a new government after general elections more than a year ago that were…

Asharq Al-Awsat

Survey: Experts see massive hiring slowdown and surging unemployment a year from now

Employers have added 3.5 million jobs so far this year, among the fastest pace in 28 years and a remarkable feat considering the number of headwinds powerful enough to knock hiring off course — from boiling inflation to the fastest Federal Reserve rate hikes in four decades.

Tribune News Service

California governor vetoes unemployment insurance for undocumented immigrants

California Gov. Gavin Newsom (D) vetoed a bill on September 28 that would have extended unemployment insurance benefits to undocumented immigrants and those in the country illegally under what was called the Excluded Workers Pilot Program. Newsom cited the price of the program as the reason for his veto.

Ballotpedia

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The Conversation

Johannesburg's informal traders face abuse: the city's ‘world class’ aspirations create hostility towards them

Unemployment and the rising cost of living force many people to make a living in the informal economy, particularly street trading. While it is difficult to measure the size of the informal economy, some studies show that more than 60% of employed people in the world work in the informal…

The Hindu

D.K. Shivakumar wears T-shirt highlighting unemployment in Karnataka

Congress State unit president tweets: “Youth of Karnataka need jobs, not empty promises”

Tribune News Service

WA's stolen unemployment money trickling in 3 years later

Nearly three years after thieves stole $645 million in pandemic unemployment benefits from Washington state, investigators are still clawing back funds frozen in fraudsters' bank accounts.

Evening Standard

Lowest jobless tally since 1974 adds rate pressure on Bank of England

Unemployment dropped from 3.6% to 3.5% in the three months to August

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Insider UK

Record number of Scottish women in work

The overall unemployment rate also dropped to 3.3% from June to August

The Guardian - UK

UK unemployment falls but number of long-term sick rises to record high

Jobless level lowest since 1974 but pay growth still failing to keep pace with soaring inflation

Chronicle Live

North East unemployment rate hits record low, new figures show

The North East no longer has the highest unemployment in the UK, though rates of economic inactivity remain high

Evening Standard

FTSE 100 Live: Unemployment dips to 3.5%, Bank of England ramps up intervention

The UK unemployment rate remains at its lowest in nearly 50 years after figures today showed a dip to 3.5% in the three months to August.

The Independent UK

What Friday's jobs report means for Fed's inflation fight

For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose

Tribune News Service

US jobs rise while unemployment drops, keeping pressure on Fed

U.S. employers continued to hire at a solid pace last month and the jobless rate unexpectedly returned to a historic low, indicating a sturdy labor market that puts the inflation-focused Federal Reserve on course for another outsize interest-rate hike.

Investors Business Daily

Jobs Report Still Too Strong For The Fed; Dow Jones Futures Fall

September's jobs report showed payrolls rose by 263,000 as the unemployment rate fell, keeping pressure on the Fed.

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