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The Latest Breaking News from Unemployment

The workers who say their migrant status has been ‘weaponized’ against them

Undocumented workers play a crucial role in California’s labor force, but are forced to take exploitative jobs

The Guardian - US

3 Overvalued Stocks to Sell in April

The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess…

StockNews.com

Britain’s missing workers

Since the pandemic, Britain has faced a novel difficulty. Official unemployment is at its lowest point since the 1970s: at 1.3 million people, or 3.8% of working-age adults.

The Week

From analysis to the latest developments in health,
read the most diverse news in one place.

Bahrain Hails IMF's Report on Kingdom's Unemployment Rate

Bahrain's Labor Minister Jamil bin Muhammad Ali Humaidan underscored the international community’s confidence in the Kingdom's public aimed at sustaining growth in the labor market. Humaidan's statements highlighted the indicators revealed by the International Monetary Fund (IMF) in its latest report, which expected unemployment rate in Bahrain to drop to…

Asharq Al-Awsat

Dollar Falls Back on Soft U.S. Economic News

The dollar index (DXY00 ) on Thursday fell by -0.09% on weaker-than-expected U.S. Philadelphia Fed, existing home sales, and leading indicators reports. Also, signs of weakness in the U.S. labor market undercut the dollar when weekly initial unemployment claims rose more than expected. However, the dollar recovered most of its...

Barchart

US recurring jobless claims jump to highest since November 2021

Recurring U.S. unemployment benefit claims jumped to the highest level since November 2021, indicating some softening in the labor market.

Tribune News Service

Senate supporters rally to Labor nominee Su against GOP critics - Roll Call

Senate supporters of Julie Su, President Biden's nominee for Labor secretary, rallied to her cause in the face of Republican criticism.

Roll Call

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US unemployment claims tick up to 245,000, but still low

The number of Americans applying for unemployment benefits rose last week but remains low by historic standards

The Independent UK

Young people in China struggle to find jobs as the country's youth unemployment rate rises

Millions of university-educated, young people in China are unemployed and new data released by Chinese authorities shows the problem is getting worse.

ABC News

Wisconsin introduces unemployment insurance indexing bill

Wisconsin lawmakers on April 7 introduced 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

Government ignores calls from its own experts to lift ‘seriously inadequate’ jobseeker rate

Unemployment benefit rates are at ‘such an inadequate level that they create a barrier to paid work’, committee finds

The Guardian - AU

S&P Futures Climb as Investors Weigh Economic Outlook, U.S. Bank Earnings on Tap

June S&P 500 futures (ESM23) are trending up +0.34% this morning after three major U.S. benchmark indices ended the regular session higher as market participants digested the latest batch of corporate earnings while seeking more clarity on the Federal Reserve’s monetary policy stance.

Barchart

S&P Futures Climb as Investors Await More Earnings, Fed Clues

Barchart

Record number of people in work in Scotland

Scotland is also faring better with unemployment compared to the rest of the UK

Insider UK

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news in one place.

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The Guardian - UK

UK unemployment rises as pay growth lags behind high inflation

Softer conditions in jobs market means unemployment rate unexpectedly edges higher to 3.8%

The Independent UK

Record number of people in work in Scotland, figures show

The latest data showed there were 2.4 million workers on payrolls across Scotland – an increase of 50,000 from February 2020.

Chronicle Live

North East sees largest fall in unemployment in last year, new figures show

New figures showed a slight rise from last month's record low, but the region has led the country over the last year

Wales Online

Unemployment rate rises as 'earnings are still falling in real terms'

It is the ninth month in a row that the rate has risen

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news in one place.

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The Independent UK

UK unemployment up as wage growth continues to be outstripped by soaring costs

Latest Office for National Statistics figures also show vacancies fell by another 47,000 to 1.1 million in the three months to March

The Guardian - UK

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

Evening Standard

FTSE 100 Live: Markets await inflation reading; FTSE closes above 7900 for first time in six weeks

Inflation’s run above 10% rolled into a seventh month today after food prices left the annual rate at a bigger-than-expected 10.1%.

Fortune

China's 19.6% youth unemployment rate may pose 'a threat to social stability'

High youth joblessness defies an otherwise improving economy that grew 4.5% last quarter.

Al Jazeera

World’s largest population: Will India gain or lose?

India has the world’s largest workforce. But without enough good jobs, that unmatched advantage could be a nightmare.

Caixin Global

Editorial: Don’t Blame China’s Jobless Youth Problem on the Surge in New Graduates

The source of the issue lies with the supply of jobs, which needs to be addressed by improving the economy, particularly the private sector

Daily Mirror

Rwandan politician says the country isn't safe for refugees from the UK

Victoire Ingabire Umuhoza said high unemployment and a heavy-handed approach to protests made the Central African country unsuitable for the UK's deportation project, which was unveiled more than a year ago but hasn't seen any flights take off

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