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The Latest Breaking News from Unemployment

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.

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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

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."

Fortune

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

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

The Conversation

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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.

Al Jazeera

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…

The Conversation

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."

Fortune

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…

Newslaundry

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

The Independent UK

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.”

Fortune

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...

Barchart

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Top News

Fed Considers Interest Rate Cut Due To Rising Unemployment

Chicago Federal Reserve President discusses concerns about US unemployment rate and potential interest rate cuts based on broader economic trends.

Kiplinger

Weak July Jobs Report Signals Steep September Rate Cut: What the Experts Are Saying

A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon.

Top News

Unemployment Rate Rises To 4.3% In June

Recent rise in unemployment rate raises concerns about recession, but positive economic indicators offer hope.

The Independent UK

Economic recession fears grow after bleak jobs report and unemployment spike

The unemployment rate also saw a jump over the last month, now sitting at 4.3 percent

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Barchart

Dollar Retreats as Weak US Jobs Report Boosts Fed Rate Cut Odds

The dollar index (DXY00 ) today is down by -1.13% and tumbled to a 4-1/2 month low. The dollar sank today 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...

Top News

US Unemployment Rate Jumps, Fed Expected To Cut Rates

US unemployment rate rise prompts expectations of a significant rate cut by the Federal Reserve in September.

Top News

Federal Reserve Likely To Cut Interest Rates In September

Learn about the likelihood of a Federal Reserve interest rate cut in September due to rising unemployment rates and a focus on supporting a stable labor ma...

International Business Times

US Extends Hiring Cooldown While Unemployment Highest Since 2021

The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts.

Top News

US Unemployment Rate Rises To 4.3% In July

US unemployment rate rises to 4.3% in July, highest since October 2021, signaling a cooling trend in the labor market.

Top News

US Labor Market Cools Off, Raises Recession Concerns

US labor market slowdown and rising unemployment rates raise concerns about economic growth and potential recession.

The Independent UK

US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs

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