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The Latest Breaking News from Unemployment

US Jobless Claims Fall, Labor Market Cooling Slightly

Recent data shows jobless claims drop to 222,000, indicating a stable labor market with signs of cooling.

Top News

At the heart of the budget is the sad truth the economy is weak. That’s one reason inflation will fall

A central focus of this week’s budget is the treasury’s forecast for inflation.

The Conversation

Australia’s unemployment rate rises to 4.1% reducing chance of another RBA interest rate hike

Jobless rate increases from a revised 3.9% in March but it’s a mixed picture with employers adding 38,500 jobs overall

The Guardian - AU

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

No increase to base jobseeker rate in budget means Centrelink payment remains below poverty line

There will be no change to unemployment payments despite a government committee and several social services groups calling for an increase

The Guardian - AU

Diploma Devaluation: Overqualified Chinese Graduates Desperate For Jobs Hired For Crematorium Role

A philosophy student that graduated with a master's degree was among the shortlisted applicants for a role in one of Guangzhou's crematoriums.

International Business Times UK

Jeremy Hunt and Mel Stride warn against benefits ‘lifestyle choice’

Ministers ramp up anti-welfare rhetoric a day after data showed increase in UK unemployment

The Guardian - UK

Another Election Show: In Rae Bareli, locals fear Yogi Adityanath’s police?

On the campaign trail of Congress’ star campaigner Priyanka Gandhi, we catch up with people who have come to listen to her at Rae Bareli in Uttar Pradesh. Unemployment and price rise emerge as key issues. The problem of ‘awara pashu’, or stray cattle, that destroys farms is on everyone’s…

Newslaundry

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South Africa's Unemployment Rate Rises Ahead Of Election

South Africa's increasing unemployment rate before the election highlights economic challenges and the need for urgent solutions.

Top News

UK unemployment may not reach its worst, but economic rebound will stall

Failure to cut interest rates will take money out of the system, hitting businesses such as hospitality

The Guardian - UK

UK real pay grows at fastest rate in two years as unemployment rises

Figures provide mixed message for Bank of England when it considers interest rate cut next month

The Guardian - UK

Bank of England chief economist hints at summer rate cut; Tesco CEO’s pay doubles to nearly £10m– as it happened

Latest UK labour market report shows more people out of work, or economically inactive, but wage growth remains higher than inflation

The Guardian - UK

Cannes film festival faces strike disruption over seasonal workers’ rights

Group will protest against government’s treatment of freelance workers at festivals across France

The Guardian - UK

US Consumer Sentiment Drops Due To Inflation And Unemployment

Learn about the recent decline in U.S. consumer sentiment, driven by concerns over inflation and economic conditions.

Top News

Congress is committed to implementing A.P. Reorganisation Act, granting SCS, and stopping VSP privatisation, says Shashi Tharoor

Congress is committed to implementing A.P. Reorganisation Act, granting SCS, and stopping VSP privatisation, says Shashi Tharoor. People no longer are ready to believe BJP’s ‘Hindutva’ narrative in the name of Ram Mandir, and the saffron party has no answers to questions on unemployment, rising prices and fall in incomes,…

The Hindu

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Barchart

Stock Index Futures Climb as Fed Rate Cut Hopes Grow, Fed Speak and ECB Minutes in Focus

June S&P 500 E-Mini futures (ESM24) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.44% this morning after three major U.S. benchmark indices ended the regular session in the green as higher-than-expected applications for U.S. unemployment benefits bolstered the case for rate cuts, with investors looking…

The Hindu

Lok Sabha polls reopen old wounds from anti-Agnipath protests in Bihar

Raushan Kumar Sinha was in jail for about 10 months for allegedly instigating protests against the Agnipath scheme that turned violent in the three days between June 17 and June 20 in 2022.

International Business Times

Weekly Jobless Claims Reach 213,000, The Highest Since August 2023

Unemployment claims have risen over the year, perhaps signaling the end of a robust labor market.

The Hindu

Lok Sabha election | People want change, says Priyanka Gandhi

Lok Sabha news | Priyanka Gandhi Vadra challenges PM Narendra Modi to focus on unemployment, inflation, and farmers' issues

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The Hindu

Modi guarantee means price rise and unemployment: Madhu Yaskhi

Kiplinger

Jobs Growth Slows in April: What the Experts Are Saying

Slower jobs growth and easing wage pressures are good news for rate cuts.

Barchart

Dollar Falls on Weaker Than Expected US Economic Reports

The dollar index (DXY00 ) this morning is down by -0.28% and fell to a 3-week low. The dollar sank today as T-note yields retreated on the weaker-than-expected US Apr unemployment report and Apr ISM services index. The reports boost the chances of the Fed cutting interest rates this year,...

International Business Times

US Hiring Slows More Than Expected In Sign Of Cooler Market

US job growth came in markedly below analyst expectations in April while unemployment crept up, government data showed Friday, signaling that the labor market is cooling.

The Guardian - US

US adds 175,000 April jobs as hiring slows and unemployment stays steady

April’s figure was lower than forecast and unemployment rate ticked up over the month but still market remains strong

Top News

US Job Growth Slows, Unemployment Rate Rises In April

US job growth slowed in April with 175,000 jobs added, missing expectations. Unemployment rate rose slightly to 3.9%.

Barchart

Nasdaq Futures Climb on Upbeat Apple Results, U.S. Jobs Report in Focus

June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.56% this morning as market participants cheered forecast-beating quarterly results and a record share buyback from tech giant Apple and looked ahead to critical U.S. non-farm payroll data due later in the day.

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