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The Latest Breaking News from Unemployment

With Johannesburg's building fire, the misery of gang-hijacked towers comes into focus

People desperate for housing in a country with sky-high unemployment have taken to squatting in squalid conditions in former office buildings that are rented out by criminal gangs.

WEKU

Stocks Mixed as Higher Bond Yields Weigh on Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.20%. Stock indexes this morning are mixed, with the S&P...

Barchart

US economy adds 187,000 jobs, beating expectations

The unemployment rate jumps to 3.8 per cent, with the trucking industry hit hard by closure of giant firm

The Independent UK

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US applications for jobless claims inch back down as companies hold on to their employees

U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year

The Independent UK

S&P Futures Tick Higher Ahead of Key U.S. Inflation Data

September S&P 500 futures (ESU23) are trending up +0.06% this morning as market participants looked ahead to a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

Hooda blames BJP-JJP Government in Haryana for bringing State to a standstill

Bhupinder Singh Hooda, former Haryana CM and current leader of the Opposition, criticized the ruling BJP-JJP govt for failing on all fronts, causing inflation to rise 4x, unemployment 3x, and pushing the state into a debt trap. Unemployment rate is 8.8%, 2.02 lakh govt posts are vacant, and 12 unemployed…

The Hindu

Deloitte joins RBA in tipping 4.5% Australian jobless rate thanks to slow consumer spending

Slowdown in consumer is finally flowing through to Australia’s jobs market, according to the latest forecasts from Deloitte Access Economics

The Guardian - AU

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Congress to support SP candidate in Ghosi byelection

Congress supports SP in Ghosi bypolls; RLD extends support. INDIA bloc seeks to protect India's democracy, combat rising unemployment, tensions between communities.

The Hindu

China's $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally

"If you get a scenario where China is really in crisis and exporting deflation, I can see where that actually filters through the United States," said an international economist at Wells Fargo.

Fortune

Nigeria's unemployment rate falls to 4.1%, using new methodology. Analysts say it’s an undercount

Nigeria's statistics agency says the unemployment rate now stands at 4.1%

The Independent UK

California may pay unemployment to striking workers. But the fund to cover it is already insolvent

Some California lawmakers want to make striking workers eligible for unemployment benefits

The Independent UK

California Lawmakers Propose Unemployment Benefits for Striking Workers

Plus: GOP hopefuls debate tonight, Canadian link tax backfires, and more...

Reason

Zimbabwe's economic woes: Hyperinflation, a currency slump and high unemployment

As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many…

France 24

Who Wins the Battle Over 4,400?

How low will stocks go? That is the question on everyone’s mind as the recent highs for the S&P 500 (SPY) seem like a distant memory as stocks have been going the wrong direction for the entirety of August. Investment expert Steve Reitmeister the causes of the recent sell off…

StockNews.com

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The Guardian - UK

Zimbabwe goes to polls amid deepening economic crisis

Promises to get inflation and unemployment on track after decades of Mugabe rule have failed to materialise

Ballotpedia

U.S. weekly unemployment insurance claims fall to 239,000

New applications for U.S. unemployment insurance benefits fell 11,000 for the week ending August 12 to a seasonally adjusted 239,000. The previous week’s figure was revised up by 2,000 to 250,000. The four-week moving average as of August 12 rose 2,750 from the previous week’s revised average to 234,250.

The Hindu

AAP announced 10 poll promises for Chhattisgarh, including unemployment allowance and free electricity

AAP unveils 10 poll guarantees for Chhattisgarh, including ₹1,000 for select women, ₹3,000 unemployment allowance, free electricity and ₹1cr for families of security personnel who die on duty. Kejriwal takes dig at Congress government and claims Delhi's schools better. INDIA bloc dynamics allow BJP to question AAP's credentials.

The Guardian - AU

Australian unemployment rate rises to 3.7% as economy sheds 14,600 jobs in July

Latest jobless rate higher than economists predicted, Bureau of Statistics unemployment figures show

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The Conversation

Japan has gone its own way on fighting inflation – can NZ learn from a global outlier?

Like most countries over the past three years, New Zealand has tried to manage inflation by increasing interest rates. Japan, on the other hand, has taken a different tack – with clear success.

The Guardian - AU

It’s good news that real wages are no longer falling – but the fall has already been deep

Wages rose modestly in the June quarter but so did inflation. The average wage now buys you the same amount as it did in 2009

Fortune

The 'richcession' is real—Unemployment is rising for the 6-figure salary set, BofA data shows

People making $125,000 and more are getting laid off faster than anyone else, in a reversal of the typical recession playbook.

Evening Standard

The Bank of England won’t stop raising interest rates until unemployment is far higher

City Comment: Andrew Bailey and Co will feel they have no other choice

Fortune

China wants people to stop talking about its terrible economy

21.3% of those aged between 16 and 24 were unemployed in June, and July's figure was likely to have been even worse.

The National (Scotland)

Scottish unemployment figure up but below UK average

Scotland’s unemployment rate has jumped to four per cent as new figures showed a rise in the number of people out of work.

The Hindu

Congress created new India but KCR and Modi are enjoying the fruits, says Revanth Reddy

Telangana Congress president Revanth Reddy says CM KCR is desperate to win next elections, making false promises. He urges people to remember Mahatma Gandhi, Ambedkar & Nehru who made India what it is today. He accuses BJP of dividing people & Modi of creating new records in unemployment & debt.

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