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The Latest Breaking News from Unemployment

Jobseekers remain in the dark just days out from major Centrelink unemployment changes

The biggest overhaul of unemployment services in years is now just days away. Many jobseekers are still in the dark about what it all means for them.

ABC News

Agnipath not aimed at addressing unemployment, says Tejaswini

MLC says it is meant to give a new form to the Defence forces along with upgradation

The Hindu

U.S. weekly unemployment insurance claims fall to 229,000

New applications for U.S. unemployment insurance benefits fell 2,000 for the week ending June 18 to a seasonally adjusted 229,000. The previous week’s figure was revised up from 229,000 to 231,000. The four-week moving average as of June 18 rose to 223,500 from a revised 219,000 as of the week…

Ballotpedia

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Hunter employment puzzle doesn't add up

The Hunter's unemployment rate rose faster than the state average in May following an increase in the region's workforce participation rate.

Newcastle Herald

Social welfare officers joining garda checkpoints and checking for five different offences

The presence of Social Welfare officers is to detect people working while also claiming unemployment payments

Irish Mirror

TV Newsance 176: The data on job debates Studio Veers don't want you to see

The political twists and turns in Maharashtra dominated the news this week. Republic reporters chased after news, literally, while big boss Arnab Goswami had some advice on Hindutva for Shiv Sena supremo Uddhav Thackeray. As allegations of horse-trading, ED raids and even kidnapping flew thick and fast, anchors at Aaj…

Newslaundry

Should we raise unemployment to fight inflation? No, we need to protect jobs no matter what

If economic history teaches us anything, it's that when times get tough, working men and women get targets painted on their back.

Los Angeles Times

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Learning Disability Week: ‘Segregated’ schools leading to unemployment gap

The significant unemployment gap for people with learning disabilities is being driven by social exclusion, segregated educational settings and a lack of support, experts have warned.

Evening Standard

Protest against price rise, unemployment, corruption

People, under the aegis of SUCI(C), take out a protest march in Dharwad

The Hindu

US jobless claims were little changed near a five-month high

Applications for unemployment insurance in the U.S. last week plateaued near a five-month high, suggesting tightness in the labor market may be starting to ease.

Tribune News Service

Record numbers of Chinese graduates enter worst job market in decades

Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews.

Reuters

Sub-four pct jobless rate may not last

There is a growing feeling the sub-four per cent unemployment rate may prove short-lived as economic activity slows.

AAP

Many businesses struggling to find staff

A low unemployment rate is making it increasingly difficult for businesses to find suitable staff, with large firms most affected.

Crikey

Yes, a recession looks inevitable. But it may not be that bad. Here’s why

WASHINGTON — Whether it’s President Joe Biden insisting a recession is avoidable or his critics arguing that the wolf is at the door, both sides are acting as though the nation faces an unprecedented catastrophe.

Los Angeles Times

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Asharq Al-Awsat

Tunisia Urges IMF to Consider Social Impact of Reforms

Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any economic reforms it may demand as part of a bailout package. The North African country has been in preliminary discussions with the global lender for a new loan to save…

Tribune News Service

California has recovered more than $1 billion in fraudulently paid unemployment claims

SACRAMENTO, Calif. — The California Employment Development Department (EDD) has recovered $1.1 billion in fraudulent payments from federal COVID relief programs, Gov. Gavin Newsom’s office announced Tuesday.

The Street

Goldman Sachs Economists See Chance of Recession Rising

Goldman Sachs sees GDP growth of just 0.9% for all of 2022, down from their previous forecast of 1.3%.

Benzinga

Is The US On The Brink Of A Recession?

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023.

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Ballotpedia

Iowa governor signs law to reduce duration of unemployment insurance benefits

Iowa Gov. Kim Reynolds (R) signed HF 2355 on June 16, reducing the maximum length of unemployment insurance payments from 26 weeks to 16 weeks starting July 3. The law also re-defines suitable work and will require claimants to accept jobs that pay less than their previous jobs after their…

The Conversation

The RBA's pre-COVID failure to cut interest rates faster may have cost as much as 270,000 jobs

The Reserve Bank of Australia is about to be put under the microscope in the first major review of its performance in at least 30 years, and perhaps forever.

The Hindu

PM Modi forced youth to walk on ‘Agnipath’ of unemployment: Rahul Gandhi

The Congress leader said 16 crore jobs were to be given in eight years, but the youth only got knowledge on ‘frying pakoras’

ABC News

Federal government looks to fix, rather than dump, controversial changes to unemployment benefits

Employment Minister Tony Burke says it is "too late" to scrap controversial changes to unemployment benefits due to be introduced next month, so the government will look to alter the scheme instead.

The Street

How High Does Harvard's Summers Think Unemployment Can Fly?

Economist Larry Summers says that if the Federal Reserve pushes interest rates high enough to control inflation, it may well cause recession.

The Hindu

Agnipath: Siddaramaiah asks PM if soldiers will be committed if they are insecure about job

Former Karnataka CM Siddaramaiah urges Modi government to drop the new military recruitment scheme

The Hindu

Waiting for jobs: On Centre’s plan to recruit 10 lakh personnel in 18 months

The Centre’s decision to recruit personnel to fill vacancies is a nod to the festering unemployment issue

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