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The Latest Breaking News from Unemployment

Extra billions flowing into budget but real wages not tipped to grow for another year

Workers will have to wait another year before their wages outstrip the rising cost of living, according to Treasury forecasts to be released next week.

ABC News

Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Fortune

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Kiplinger

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Price rise, unemployment pain points in Karnataka; people wary of freebies, poll promises

After travelling across the Mumbai-Karnataka region for a week, we are shifting base to bring you stories from another north Karnataka belt – the Hyderabad-Karnataka region. And, to top it, our train journey from Hubli to Bellary coincided with the release of BJP and Congress election manifestos.

Newslaundry

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

WEKU

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

The Conversation

Ireland reaches full employment as unemployment rates drop to record low

Data from the Central Statistics Office (CSO) showed that unemployment levels in April dropped to 3.9 per cent

Irish Mirror

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April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

The Independent UK

California companies pay higher taxes for unemployment debt

California businesses are paying higher taxes this year to help pay off the state's unemployment debt

The Independent UK

Jobseeker: what we know before the budget, who will benefit and who won’t

Under consideration is a lift in welfare payments for the over-55s but critics say too many younger people would miss out

The Guardian - AU

47% of South Africans rely on social grants - study reveals how they use them to generate more income

South Africa has one of the world’s most expansive social grant system: 47% of the population relies on a monthly grant. Of these, 18 million are permanent beneficiaries and about 10 million receive a temporary Social Relief of Distress Grant. This was introduced during the Covid-19 pandemic for working age…

The Conversation

Anger over modest JobSeeker boost for over 55s while younger and Youth Allowance recipients look set to miss out

Young Australians and social services advocates are dismayed the federal budget looks set to include a modest boost to the JobSeeker payment, but only for those over 55.

ABC News

Wisconsin Assembly passes unemployment insurance indexing bill

Wisconsin lawmakers on April 25 passed several bills related to unemployment insurance, including one that would index the length of unemployment insurance benefits to the state’s unemployment rate. Assembly Bill 153 would reduce the maximum number of benefit weeks to 14 during times when the unemployment rate is at or…

Ballotpedia

Unemployment rate climbs to 4-month high in April: CMIE survey

NEW DELHI: India’s unemployment rate climbed to a four-month high, the latest data showed, as there were more people joining the workforce compared to available jobs in Asia’s third largest economy.

The Times of India

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The Hindu

Youth wings scramble to woo youngsters in Karnataka

Ahead of the Karnataka Assembly elections, the youth wings of all three major political parties — BJP, Congress and Janata Dal (Secular) — in Karnataka are trying to engage with young voters.

The Hindu

CM Khattar accuses Opposition of misleading people over Haryana’s ‘unemployment’

Hitting out at the Opposition parties, the Haryana Chief Minister Manohar Lal Khattar has dismissed their accusations over ‘high unemployment’, saying unemployment in Haryana is only between 5-6%.

The New Daily

Michael Pascoe: How the RBA is making inflation worse

Is there a better example of the deficiencies of monetary policy than the RBA prolonging higher rent inflation by lifting rates to theoretically reduce inflation?

Barchart

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

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

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Barchart

Dollar Slightly Higher as Bond Yields Climb

The dollar index (DXY00 ) on Thursday rose by +0.02%. The dollar Thursday posted modest gains. Higher T-note yields Thursday underpinned the dollar. T-note yields rose Thursday after weekly U.S. initial unemployment claims unexpectedly fell, and the Q1 core PCE deflator rose more than expected. Strength in stocks Thursday curbed...

Kiplinger

How to Financially Get Through A Layoff

Losing your job can be traumatic, but it doesn’t have to wreck your finances.

The Independent UK

How will we know if the US economy is in a recession?

The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive

The Independent UK

Jobless claims fall again with labor market churning along

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy

The Guardian - AU

Jim Chalmers promises cost-of-living relief in budget but won’t commit to raising jobseeker

Treasurer says government’s focus remains on jobs, as CEO of Acoss says increasing unemployment benefit still a ‘live debate’

Ballotpedia

U.S. weekly unemployment insurance claims rise to 245,000

New applications for U.S. unemployment insurance benefits rose 5,000 for the week ending April 15 to a seasonally adjusted 245,000. The previous week’s figure was revised up from 239,000 to 240,000. The four-week moving average as of April 15 fell to 239,750 from a revised 240,250 as of the week…

The Hindu

In Gadag and Hanagal, Rahul raises issue of unemployment

Participating in an interaction with youths drawn from varied backgrounds in Gadag on Monday and later addressing a public rally in Hanagal town of Haveri district, Congress leader Rahul Gandhi raised certain pertinent questions concerning the youths including the burning question of unemployment and sought to know from Prime Minister…

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