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The Latest Breaking News from Unemployment

Strong wage growth will further delay cut in UK interest rates, City believes

First cuts not expected until late summer or early autumn despite evidence jobs market is cooling

The Guardian - UK

Pre-election UK interest rate cut unlikely despite cooling jobs market and rising mortgage arrears; Moody’s warns France over snap election – as it happened

Latest UK labour market report shows signs of cooling, as jobless rate hits highest since 2021

The Guardian - UK

Do unemployment benefits stifle entrepreneurship? It’s complicated

Unemployment in the UK rose to 4.4% at the end of April 2024. While this is by no means a worrying level of joblessness for an economy, it is the highest since September 2021, in the second year of the COVID pandemic, when it reached 4.4%.

The Conversation

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

UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April

The Guardian - UK

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Unemployment and inflation among the biggest challenges facing Modi’s reduced coalition, analysts say.

Al Jazeera

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

Newslaundry

Latino unemployment rate climbs back to 5 percent in blowout jobs report for May

The employed population remained largely unchanged. Overall, nonfarm payrolls increased by 272,000 last month

Latin Times

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The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Fortune

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

Kiplinger

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

The Guardian - AU

US Economy Adds More Jobs Than Projected As Unemployment Rate Hits 4%

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

International Business Times

US Hiring Surges Past Expectations As Job Market Still Strong

US job growth blew past estimates in May while unemployment also edged up, according to government data released Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually.

International Business Times

US Unemployment Rate Hits 4%, Fed Not Concerned

US jobs report reveals 4% unemployment rate, surprising economists. Federal Reserve Chair Powell downplays impact on monetary policy.

Top News

US Jobless Claims Rise, Layoffs Remain Low Amid Economic Uncertainty

Insights on the U.S. labor market: jobless claims rise slightly, hiring pace moderates, and tech companies announce layoffs.

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The Conversation

Job figures are coming out, and here’s my prediction: The markets will overreact to the headlines

As the saying goes, “There are lies, damn lies and statistics.”

The Guardian - UK

How voters turned against Narendra Modi in his party’s heartland

Anger at rampant unemployment, stagnant wages and inflation led to surprise losses in Uttar Pradesh

The Guardian - AU

Australia is on the brink of recession. So why does the RBA think we are spending too much?

Are we in a recession? No. But cripes, we may as well be

Latin Times

From Utah to Texas, here are the states with the best economies in the U.S., and the worst

As the U.S. continues to hold the spot for largest economy in the world, here are the states with the strongest economies across the country.

Fortune

JPMorgan’s Jamie Dimon is bracing for stagflation, but the economy could be headed for a 1950s-style boom instead

Barchart

Stock Index Futures Slip on Growth Fears, U.S. JOLTs Report in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.36%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.34% this morning after weak manufacturing data raised concerns about the U.S. economic health, while investors geared up for the latest reading on U.S. job openings.

Barchart

Stock Index Futures Slip Ahead of U.S. JOLTs Report

June S&P 500 E-Mini futures (ESM24) are down -0.51%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.47% this morning following a volatile session on Monday, with investors gearing up for the latest reading on U.S. job openings.

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