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The Latest Breaking News from Unemployment

Rising mortgage rates will cause ‘financial stress’, MPs hear, as two-year fixed rates hit 15-year high – as it happened

Treasury Committee quiz lenders about mortgage rates, as two-year fixed mortgage rate rises to 6.66%, highest since 2008

The Guardian - UK

North East unemployment falls to record low for second month running

The region now has lower unemployment than regions including London and the South East

Chronicle Live

We need to ‘slay dragon’ of high inflation, says Cabinet minister as average pay jumps by record 7.3 per cent

The pay hikes will fuel fears that Britain is in the grip of an inflation spiral

Evening Standard

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Jack’s Ride review – stylish take on the hardship of former taxi driver’s unemployment

Susana Nobre’s docufiction follows the life of Joaquim Calçada, who spent two decades in the US as an undocumented immigrant

The Guardian - UK

Black unemployment rate jumps 1.3 percentage points since April

The historic employment gains notched by Black Americans during the pandemic-era recovery may be beginning to reverse — one of the disappointing details of the June jobs report out Friday.

Axios

The job market is cooling but still surprisingly strong. Is that a good thing?

U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.

WEKU

A celebrated jobs miss on Wall Street: Cooler labor market allays fears over red-hot payrolls as White House crows of ‘Bidenomics in action’

Slow and steady wins the race, and a 209,000 jobs number that missed expectations was actually sweet music for the Street.

Fortune

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Jobs Report Shows Pace of Hiring Slowed Sharply in June: What the Experts Are Saying

A mixed jobs report won't keep the Fed from raising interest rates later this month, the pros say.

Kiplinger

US economy adds 209,000 jobs, unemployment rate stays the same

The economy adds fewer jobs than expected in June as President Joe Biden touts ‘Bidenomics’

The Independent UK

U.S. economy adds 209,000 jobs in June

The unemployment rate edged down to 3.6%.

Axios

The strategist who called a recession after the regional banking crisis says it already happened and nobody noticed

The catch is it's global. The heated debate about a U.S. recession is a moot point. The much bigger story is that a typical world recession has likely already started."

Fortune

US job market shows fresh strength with ADP and layoff data

The U.S. labor market showed fresh signs of resilience on Thursday, as private hiring surged, layoffs slowed and filings for unemployment benefits stayed relatively low.

Tribune News Service

‘People are dying’: South Africa workers protest economic woes

South Africa is facing rolling electricity blackouts, high unemployment and growing social unrest due to economic woes.

Al Jazeera

Wall Street buys into Bidenomics, with the top economists at Goldman and other banks saying we could really dodge a recession

The White House is taking a victory lap, and economists at Goldman Sachs and JPMorgan are offering rosier economic forecasts.

Fortune

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Ballotpedia

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

New applications for U.S. unemployment insurance benefits fell 26,000 for the week ending June 24 to a seasonally adjusted 239,000. The previous week’s figure was revised up by 1,000 to 265,000. The four-week moving average as of June 24 rose 1,500 from the previous week’s revised average to 257,500.

Miami Herald

How Jamaica and its prime minister are becoming a mini-superpower in the Caribbean

KINGSTON, Jamaica -- New commercial and high-end condominiums are rising from the dirt, the minimum wage is going up, unemployment is the lowest it’s been in years and tourism — the engine of the economy — is once more booming.

The Hindu

Congress chief Kharge slams Centre over price rise, unemployment

Mallikarjun Kharge’s attack came a day after the Congress slammed the Centre over rising prices of vegetables and other essential food items and demanded immediate steps from his government to address the issue.

Tribune News Service

China’s jobless youths may pose political risk, top adviser says

China’s growing youth unemployment rate could trigger political problems if not properly handled, warned a prominent economist who has advised President Xi Jinping’s government.

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The Hindu

Data | How much employment generation does the economy need?

If policymakers talk of creating work for 5 million-8 million young in India, that will barely scratch India’s unemployment problem

The Hindu

Jobless people in country number 7 million

Fifty years ago, the unemployment situation in the country deteriorated year after year and the number of jobless had reached the 7.27 million mark by April

Newsroom.co.nz

The dramatic resurgence of Bitcoin is the biggest surprise of the year

Business & investing: There's a mixed scorecard for the markets at the halfway point of the year, but the world’s most popular cryptocurrency is powering higher thanks to renewed interest by some of the world’s largest investment funds. Andrew Patterson reports.

The Times of India

Monsoon session of Parliament: Congress plans to corner government over Manipur violence, inflation

NEW DELHI: The principal opposition Congress party has strategised to corner the Narendra Modi government in the forthcoming monsoon session of Parliament on various pressing issues facing the country, including the Manipur violence, rising inflation, unemployment and the “assault” on the federal structure of the country the way governors of…

Fortune

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Kiplinger

Cooling Labor Market Can Help Inflation Come Down: Kiplinger Economic Forecasts

Inflation could ease further as the labor market cools, with unemployment edging up and more workers who are reluctant to quit.

Barchart

S&P Futures Climb Ahead of Key U.S. Inflation Data

September S&P 500 futures (ESU23) are trending up +0.33% this morning as market participants awaited a reading on the Federal Reserve’s preferred inflation gauge.

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