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The Latest Breaking News from Unemployment

Commentary: Think Big Tech’s thousands of layoffs indicate a coming recession? Think again

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more.

Los Angeles Times

North East is worst UK region for unemployment in new figures

The region's unemployment rate has stayed the same as last month but it has regained the unwanted title of the UK's joblessness blackspot

Chronicle Live

UK unemployment rises to 3.7%

There are now more people out of work as the cost of living crisis continues

Wales Online

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Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

Tribune News Service

Being a volunteer won't land you a job. But it could improve your chances of getting one

The South African government has implemented numerous economic policies to boost employment since the democratic transition in 1994. But between 1995 and 2022 the growth in employment – from 9.5 million in 1995 to 15.8 million in 2022 – wasn’t enough to keep up with the more rapid increase of…

The Conversation

How long will we use human misery to control inflation?

An interest rate increase? On the agenda? Try eight, actually happening. Dr Lowe and his RBA colleagues did get left behind.

The New Daily

Companies still hungry for U.S. workers

The pace of jobs added each month has moderated, but there are still plentiful job opportunities for American workers.

Axios

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These major banks see a "mild recession" coming in 2023

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.

Axios

Hospitality businesses in Ipswich struggling to stay open due to lack of workers

Despite a busy festive period, Ipswich business are closing their doors, struggling to find staff to cope with demand.

ABC News

U.S. weekly unemployment insurance claims fall to 204,000

New applications for U.S. unemployment insurance benefits fell 19,000 for the week ending December 31 to a seasonally adjusted 204,000. The previous week’s figure was revised down from 225,000 to 223,000. The four-week moving average as of December 31 fell to 213,750 from a revised 220,500 as of the week…

Ballotpedia

Kentucky unemployment insurance indexing bill takes effect

An unemployment insurance indexing law in Kentucky took effect January 1, 2023, establishing a 12-week maximum benefit period during periods of low unemployment and a 24-week maximum benefit period during times of high unemployment. The Kentucky House and Senate both voted on March 21, 2022, to override Gov. Andy Beshear’s…

Ballotpedia

America might just do the impossible and avoid a recession, according to top economist Mark Zandi

Moody’s chief economist says a “soft landing” for the U.S. economy is in the cards. But BlackRock’s Rick Rieder warns, “Policymakers’ ability to stick this landing for the economy and markets is still very much up in the air.”

Fortune

US Adds 223K Jobs In December As Labor Market Pressures Fed To Keep Hiking Interest Rates

The SPDR S&P 500 ETF Trust traded higher Friday morning after the Labor Department reported low unemployment numbers above 3%.

Zenger

Tasmanian firey vacancies 'unforgivable'

The opposition has called for 28 Tasmania Fire Service job vacancies to be filled urgently, which the government blames on low unemployment rates.

AAP

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Tribune News Service

Fed gets ‘Goldilocks’ in jobs report: Slower wage growth, solid hiring

Hopes the Federal Reserve can tame inflation without widespread job losses mounted Friday after a government report showed robust hiring and a historically low unemployment rate paired with a cooling in wage growth.

WEKU

The U.S. job market is still healthy, but it's slowing down as recession fears mount

U.S. employers added 223,000 jobs in December, as the unemployment rate dipped to 3.5%. Despite some high-profile layoff announcements, the overall job market remains tight.

The Times of India

Young men are not finding brides because of unemployment: Sharad Pawar

PUNE: Criticising the BJP governments at the Centre and in Maharashtra over unemployment, Nationalist Congress Party chief Sharad Pawar said on Wednesday that it is creating social issues as young men of marriageable age are not finding brides.

Asharq Al-Awsat

Tunisia Seeks 2.1% Growth Through ‘Development Plan’

Economy Minister Samir Saied said on Tuesday that the government seeks growth of 2.1 percent through the 2023-2025 development plan. In press statements, he said he predicted unemployment rate to drop from 15.3 percent to 14 percent between 2022 and 2025. Tunisia’s economy already deteriorated after the political transition in…

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Tribune News Service

Seattle's pandemic-weary workers may see a tougher job market in 2023

Almost three years after COVID-19 shut down the economy and put nearly half a million Washingtonians out of work, the job market remains in a state of confusing, unnerving flux.

Fortune

What should you do with your money if you were laid off

Some companies may offer severance packages, which can be negotiable.

WEKU

January is often a big month for layoffs. Here's what to do in a worst case scenario

From calling creditors to announcing your job loss on social media, a solid game plan can make a layoff sting a lot less.

The Times of India

Month changed, year changed, but unemployment continues to rise, instead of decreasing: Former Haryana CM Bhupinder Singh Hooda

CHANDIGARH: Former Haryana chief minister and leader of opposition Bhupinder Singh Hooda said on Monday that the change in month and year is not bringing any good news or relief to the people of Haryana as the state continues to be number one in unemployment in the country.

The Guardian - UK

‘It’s like another planet’: crossing the frontier from Gaza to work in Israel

Unemployment in the Gaza Strip stands at 44% but since 2021 permits to work in Israel have been issued in small numbers

Asharq Al-Awsat

Unemployment Rate Continues to Decline among Saudis

Saudi Arabia’s labor market indicators showed a decrease in the unemployment rate by 1.4 percentage points in the third quarter of 2022, compared to the same period in 2021. The rate of participation of citizens in the labor force increased by 2.7 percentage points, and the ratio of the employed…

Tribune News Service

US jobless claims rise slightly but remain near historic lows

Applications for U.S. unemployment benefits rose last week, but remained near historic lows, underscoring the enduring resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool demand.

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