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The Latest Breaking News from Unemployment

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

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

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

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

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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

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

The Guardian - UK

Scottish unemployment rate rises slightly from record low

Slightly fewer than 2.6 million people are in work across Scotland

Insider UK

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

Chronicle Live

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

Wales Online

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.

Evening Standard

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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

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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.

The Times of India

US jobless claims rise to highest since October 2021 in sign labor market is cooling

WASHINGTON: Applications for US unemployment benefits rose to the highest level since October 2021, adding to evidence that the labor market is gradually cooling.

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...

The Independent UK

Wire fraud, theft and false statements: The 13 counts George Santos faces

A 13-count federal indictment unsealed in New York accuses US represenative George Santos of embezzling money from his campaign, falsely receiving unemployment funds and lying to Congress about his finances

ABC News

RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control

Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.

Fortune

Serial liar George Santos accused of unemployment fraud while working a six-figure job

In an indictment on Wednesday, the U.S. Justice Department accused Santos of unemployment fraud.

ABC News

Did Treasurer Jim Chalmers keep his facts straight in this week's budget speech?

Treasurer Jim Chalmers used his budget speech this week to spruik the government's credentials and programs. But did he keep his facts straight?

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