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The Latest Breaking News from Unemployment

U.S. weekly unemployment insurance claims fall to 242,000

New applications for U.S. unemployment insurance benefits fell 22,000 for the week ending May 13 to a seasonally adjusted 242,000. The previous week’s figure was unrevised at 264,000. The four-week moving average as of May 13 fell to 244,250 from an unrevised 245,250 as of the week ending May 6.

Ballotpedia

Greek PM’s election win driven by recovery from economic crisis

The electorate have credited Kyriakos Mitsotakis and his conservative party with building back from disaster

The Guardian - UK

Commentary: What we can learn from an earlier inflation-employment conundrum

America’s unemployment now stands at a 54-year low of 3.4%, a useful reminder that our post-COVID economy is similar to the post-World War II economy of 1947-1949. Much like today, that generation faced a tricky combination of high inflation and low unemployment. Our predecessors brought inflation down without significantly breaking…

Tribune News Service

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Jobless rate lowest in 3 years as tourism rebounds

Thailand's unemployment rate hit a three-year low in the first quarter, the state planning agency said on Monday, declining to 1.05% from 1.15% in the last three months of 2022 as recovery in the crucial tourism industry strengthened.

Bangkok Post

More than a dozen US states boast best job markets in their history

For all the talk of a slowdown in the US economy, more than a dozen U.S. states have the best job markets in their history.

Tribune News Service

Strong showing by Northern Ireland job market defies expectations

Unemployment rate just 0.1% above the level it reached in the first quarter of 2020

Birmingham Post

Australia past 'peak tightness' in labour market, economists say

Rising unemployment and falling job vacancies may be signalling a turning point in Australia's labour market, economists say.

ABC News

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US jobless claims tumbled last week after fraud-inflated jump

Applications for U.S. unemployment benefits fell by the most since 2021 after fraudulent claims in at least one state boosted the numbers in previous weeks.

Tribune News Service

Persistently high inflation is causing a split among Federal Reserve officials over next steps

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022

The Independent UK

‘Significantly weaker’: Unemployment rise sparks fears for Australian jobs

A surprise uptick in unemployment in April has stoked fears the labour market may be starting to turn, as forecasts predict a jobs downturn.

The New Daily

Watch: UN’s climate alarm; children from bus horror remain in hospital

Watch: Australia's unemployment rate has risen to 3.7 per cent. China's Ambassador to Australia has confirmed has confirmed Beijing will lift ban on

The New Daily

Budget 2023: ECE expansion, prescription changes in 'pragmatic' plan

The Finance Minister has unveiled a measured Budget as New Zealand is forecast to avoid recession - but low growth and peak unemployment expected to hang around.

Newsroom.co.nz

Australia's unemployment rate rises to a surprise 3.7 per cent as fewer workers hired

Australia's unemployment rate rises to 3.7 per cent as thousands of jobs were lost last month, defying economists' expectations of further employment gains.

ABC News

The Australian economy lost 27,100 full-time jobs in April as unemployment rose to 3.7%

UBS economist says jobs report ‘weaker than expected’ and makes an RBA rate hike in June ‘unlikely’

The Guardian - AU

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France 24

French unemployment stays at lowest level since 1982

France's jobless rate has been steady at 7.1 percent since the last quarter of 2022 – the lowest level since 1982. Youth unemployment stands at more than 5 percentage points below pre-pandemic levels. The new data could boost President Emmanuel Macron's economic credentials as he seeks to achieve full employment.…

The New Daily

Alan Kohler: The confusing, ridiculous state of economic forecasting

There was a time when we were sure that interest rates wouldn’t change for three years. That illusion was cruelly dashed a year ago.

The Guardian - AU

Wages are growing (good news!) but they’re still playing catch-up with inflation

Australian wages are rising by closer to 4% than 3%. That’s how fast they should grow when inflation is less than 3%, not 7%

Businessweek

Recession Calls Keep Getting Pushed Back, Giving Soft Landing Believers Hope

Defying sharp rate hikes, unemployment stays low and consumers resilient.

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The Conversation

Higher unemployment and less income: how domestic violence costs women financially

Women in abusive relationships are more likely to be unemployed and earn less money than women with non-abusive partners.

Ballotpedia

Louisiana House passes unemployment insurance indexing bill

The Louisiana House of Representatives on May 10 passed a bill that would index the length of unemployment insurance benefits to the state’s unemployment rate. House Bill 340 would reduce the maximum number of benefit weeks to 12 when the unemployment rate is at or below 5%. The bill also…

Evening Standard

Cooling in jobs market reduces pressure on Bank of England to raise interest rates

The unemployment rate for the January to March quarter rose 0.1% to 3.9%

The Guardian - UK

UK payroll numbers fall as unemployment rate rises to 3.9%

Evidence of cooling in demand for labour amid 136,000 drop in employees between March and April

The Guardian - UK

CMA denies blocking Microsoft-Activision deal is bad for UK’s reputation; unemployment rises – as it happened

Turning a blind eye to anti-competitive deals wouldn’t improve UK’s reputation as good place to do business, suggests Competition and Markets Authority

Insider UK

Scottish unemployment rate rises slightly from record low

Slightly fewer than 2.6 million people are in work across Scotland

Chronicle Live

North East unemployment rate edges closer to national average

Regional rate of unemployment is the second lowest in its history, while national levels rose slightly

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