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The Latest Breaking News from Unemployment

Unions fear unemployment figures are hiding job losses

Though the jobless rate has held steady, thousands of Australians lost their jobs in December with many entering part-time and insecure work.

AAP

Australia sheds 65,000 jobs in December but unemployment rate remains at 3.9%

ABS figures show a steep drop in the participation rate from a revised record 67.3% in November to 66.8% in December

The Guardian - AU

China's Youth Unemployment Shows Improvement, Hits 14.9% in December

China's youth unemployment rate improved to 14.9% in December using a new methodology that excludes students, providing a more accurate reflection of the e...

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China Growth Misses Estimates As Property Crisis, Unemployment Bite

China's fourth-quarter GDP missed estimates on Wednesday as it was battered by a property crisis, sluggish consumption and global uncertainties.

International Business Times

DC launches enrollment drive for Yuva Nidhi in Mysuru

Enrollment drive for Yuva Nidhi scheme launched in Mysuru, providing unemployment allowance to degree and diploma holders.

The Hindu

South Dakota unemployment insurance tax cut takes effect

South Dakota House Bill 1011, which decreases the state unemployment tax rate for employers by 0.5%, took effect Jan. 1, 2024. The state estimates businesses will save about $18 million in taxes in 2024 under the new law.

Ballotpedia

U.S. Unemployment Claims Drop to Lowest Level in Months

Discover how the US labor market remains resilient, with jobless claims reaching a three-month low despite elevated interest rates and inflation concerns.

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US applications for jobless benefits fall to lowest level in 3 months

The number of Americans applying for unemployment benefits inched down to its lowest level in three months last week as the U.S. labor market continues to flex its muscle in spite of elevated interest rates

The Independent UK

Congress slams PM Modi government on issue of unemployment

The Congress alleged that the country’s “jobs famine” has worsened in the last ten years of Modi government. Congress general secretary Jairam Ramesh said India’s youth deserve growth that delivers them good quality jobs not joblessness and ‘pakora’ shops.

The Hindu

ILO sees structural imbalances in global labour market

Global unemployment rate is set to increase in 2024 while growing social inequalities remain a concern, said the International Labour Organisation’s (ILO) World Employment and Social Outlook: Trends 2024 report released in Vienna on Thursday.

The Hindu

Global Unemployment Set To Worsen In 2024: UN

The global unemployment rate will increase slightly in 2024, the United Nations said Wednesday as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income.

International Business Times

UN Predicts Modest Rise in Global Unemployment by 2024

Get ready for a modest rise in global unemployment! The UN labour body predicts a slight bump in joblessness by 2024. Time to brace for a job-hunting adven...

Top News

Unemployment to stay low despite drop in job vacancies

Job vacancies for the November quarter remained high despite a drop of 0.7 per cent, with unemployment tipped to stay low amid global economic pressures.

AAP

Jobs Report Reveals Downward Revisions, Inflation Continues Amid Wage Stagnation

Discover the creative truth behind the US economy's recent job gains and steady unemployment rate. Are things really as good as they seem? Dive in to find out!

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Ballotpedia

Three Arkansas unemployment insurance laws take effect

Three unemployment insurance laws in Arkansas went into effect on January 1, 2024. Together, Acts 106, 196, and 587 reduce maximum unemployment insurance benefits, establish the contribution rate of employers, disqualify an individual from receiving benefits under certain circumstances of refusing a job offer or failing to attend a job…

WEKU

UK economist says increase in county unemployment stats related to anti-inflation efforts

The state Education and Labor Cabinet’s new unemployment figures show jobless rates rising in nearly every county from November of ’22 to last November.

Kiplinger

December Jobs Growth Comes in Hot: What the Experts Are Saying

A stronger-than-expected jobs report clouds the picture for interest rate cuts.

WEKU

U.S. unemployment has been under 4% for the longest streak since the Vietnam War

U.S. employers added 216,000 jobs in December, as the unemployment rate held steady at 3.7%. The labor market proved resilient in 2023, despite rising interest rates.

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International Business Times

Chinese President Xi Jinping Sees A Resilient Economy – Numbers Point Otherwise

The leader is optimistic about the country's economy, but economic numbers do not support this optimism.

The Hindu

Is higher education out of touch with the skill requirements in the job market?

The Hindu Parley: Is higher education in India out of touch with the skill requirements in the job markets?

Top News

American Jobless Claims Fall, Labor Market Resilient Despite Interest Rates

Resilient labor market shines as jobless claims in the U.S. drop, indicating fewer layoffs despite high interest rates. Bright spot in uncertain times.

The Independent UK

US applications for unemployment benefits fall again as job market continues to show strength

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates

Bangkok Post

Graduates struggling to find work

The National Statistical Office (NSO) expressed concern on Wednesday over the high rate of unemployment among new graduates -- now representing the biggest portion of the nation's jobless, according to a survey.

Barchart

Dollar Gains as FOMC Minutes Signal No Imminent Fed Rate Cut

The dollar index (DXY00 ) on Wednesday rose by +0.27% and posted a 2-1/2 week high. Weakness in stocks on Wednesday boosted the liquidity demand for the dollar. The dollar also found support from the minutes of the Dec 12-13 FOMC meeting that said policymakers agreed it would be appropriate...

Barchart

Stocks Extend Tuesday’s Losses as Bond Yields Climb

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.68%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.75%. Stocks this morning are lower, with the S&P 500...

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