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The Latest Breaking News from Unemployment

Unemployment in UK rises to 3.9%

The number of people on employers’ payrolls fell in April for the first time in over two years

Wales Online

FTSE 100 Live: Shares fall in afternoon to close at 7745; ‘economic backdrop starting to weigh on job market’

The lacklustre run for the FTSE 100 index is continuing amid uncertainty over whether the United States will avoid a debt default.

Evening Standard

Tuesday briefing: Why Suella Braverman thinks immigration is harming Britain – and what the facts say

In today’s newsletter: The home secretary said this week that migrant labour harms the UK’s ‘national character’ – but it’s not that simple

The Guardian - UK

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Paul Bongiorno: Cruel stereotypes won’t help a broken jobs market

The Opposition believes these bald numbers prove the point: The jobs are there if only the bludgers (wink wink, nudge nudge) would step up.

The New Daily

Millions of young South Africans are jobless: study finds that giving them 'soft' skills like networking helps their prospects

The fact that more than half of the South African population is under 30 years could be beneficial for the country’s economic growth and development. But South Africa has not been able to reap this demographic dividend. This is largely due to a skills mismatch.

The Conversation

2023 Karnataka Assembly elections | BJP’s failure to tackle unemployment, poverty hit it hard

Nearly 30% of voters said unemployment was the biggest issue this election compared with just 3% in 2018

The Hindu

Job losses, easy money are both key factors of drug addiction in northern States

As the drug menace’s gravity continues to increase with the prevalence and rising usage of substance abuse, “unemployment and availability of easy money” have emerged as key economic factors leading to drug addiction in at least five states of India’s north and northwest region.

The Hindu

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US jobless claims rise to highest since October 2021 in sign labor market is cooling

WASHINGTON: Applications for US unemployment benefits rose to the highest level since October 2021, adding to evidence that the labor market is gradually cooling.

The Times of India

Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

Barchart

Wire fraud, theft and false statements: The 13 counts George Santos faces

A 13-count federal indictment unsealed in New York accuses US represenative George Santos of embezzling money from his campaign, falsely receiving unemployment funds and lying to Congress about his finances

The Independent UK

RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control

Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.

ABC News

Serial liar George Santos accused of unemployment fraud while working a six-figure job

In an indictment on Wednesday, the U.S. Justice Department accused Santos of unemployment fraud.

Fortune

Did Treasurer Jim Chalmers keep his facts straight in this week's budget speech?

Treasurer Jim Chalmers used his budget speech this week to spruik the government's credentials and programs. But did he keep his facts straight?

ABC News

Here are the 13 counts New York Rep. George Santos faces

A 13-count federal indictment unsealed in New York accuses U.S. Rep. George Santos of embezzling money from his campaign, falsely receiving unemployment funds and lying to Congress about his finances

The Independent UK

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France 24

US Republican George Santos pleads not guilty to fraud, theft charges

U.S. Rep. George Santos, the New York Republican infamous for fabricating his life story, pleaded not guilty Wednesday to charges he duped donors, stole from his campaign and lied to Congress about being a millionaire, all while cheating to collect unemployment benefits he didn't deserve.

Reason

George Santos Arrested, Indicted on 13 Federal Counts, Pleads Not Guilty

The serial fabulist is accused of wire fraud and lying to Congress.

The Independent UK

Wire fraud, money laundering and stealing public money: Here are the 13 charges against George Santos

Mr Santos surrended himself to authorities in federal court on Long Island on Wednesday

Roll Call

Rep. George Santos indicted on 13 charges - Roll Call

Embattled New York Republican Rep. George Santos has been indicted on 13 federal charges in New York that include fraud, theft and more.

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ABC News

Federal budget summary: JobSeeker and welfare payments increased as living costs bite

A modest increase in unemployment benefits and cheaper healthcare are the centrepieces of a federal budget tasked with helping the nation's most vulnerable at a time when living costs are hurting households.

Ballotpedia

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

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending April 29 to a seasonally adjusted 242,000. The previous week’s figure was revised down from 230,000 to 229,000. The four-week moving average as of April 29 rose to 239,250 from a revised 235,750 as of the week…

The Hindu

‘Youth declaration’ focuses on yearly filling of posts, unemployment dole

The Guardian - AU

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

The Guardian - US

‘They’re sacrificing us’: a California town feels ignored months after flood

The small, agricultural town of Planada was inundated amid a wave of intense storms this winter. Residents, many of whom are undocumented, say they have been neglected

The Independent UK

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

StockNews.com

Why Are Bear Market Odds on the Rise?

The S&P 500 (SPY) has been up, down and all around this past week thanks to the Fed statement followed by the Government Employment report on Friday. On some levels nothing has changed in the market outlook. However, looking further down the road some important things happened this week that…

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