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The Latest Breaking News from Unemployment

Kentucky unemployment insurance indexing bill takes effect

An unemployment insurance indexing law in Kentucky took effect January 1, 2023, establishing a 12-week maximum benefit period during periods of low unemployment and a 24-week maximum benefit period during times of high unemployment. The Kentucky House and Senate both voted on March 21, 2022, to override Gov. Andy Beshear’s…

Ballotpedia

America might just do the impossible and avoid a recession, according to top economist Mark Zandi

Moody’s chief economist says a “soft landing” for the U.S. economy is in the cards. But BlackRock’s Rick Rieder warns, “Policymakers’ ability to stick this landing for the economy and markets is still very much up in the air.”

Fortune

US Adds 223K Jobs In December As Labor Market Pressures Fed To Keep Hiking Interest Rates

The SPDR S&P 500 ETF Trust traded higher Friday morning after the Labor Department reported low unemployment numbers above 3%.

Zenger

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Tasmanian firey vacancies 'unforgivable'

The opposition has called for 28 Tasmania Fire Service job vacancies to be filled urgently, which the government blames on low unemployment rates.

AAP

Fed gets ‘Goldilocks’ in jobs report: Slower wage growth, solid hiring

Hopes the Federal Reserve can tame inflation without widespread job losses mounted Friday after a government report showed robust hiring and a historically low unemployment rate paired with a cooling in wage growth.

Tribune News Service

The U.S. job market is still healthy, but it's slowing down as recession fears mount

U.S. employers added 223,000 jobs in December, as the unemployment rate dipped to 3.5%. Despite some high-profile layoff announcements, the overall job market remains tight.

WEKU

Young men are not finding brides because of unemployment: Sharad Pawar

PUNE: Criticising the BJP governments at the Centre and in Maharashtra over unemployment, Nationalist Congress Party chief Sharad Pawar said on Wednesday that it is creating social issues as young men of marriageable age are not finding brides.

The Times of India

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Tunisia Seeks 2.1% Growth Through ‘Development Plan’

Economy Minister Samir Saied said on Tuesday that the government seeks growth of 2.1 percent through the 2023-2025 development plan. In press statements, he said he predicted unemployment rate to drop from 15.3 percent to 14 percent between 2022 and 2025. Tunisia’s economy already deteriorated after the political transition in…

Asharq Al-Awsat

Seattle's pandemic-weary workers may see a tougher job market in 2023

Almost three years after COVID-19 shut down the economy and put nearly half a million Washingtonians out of work, the job market remains in a state of confusing, unnerving flux.

Tribune News Service

What should you do with your money if you were laid off

Some companies may offer severance packages, which can be negotiable.

Fortune

January is often a big month for layoffs. Here's what to do in a worst case scenario

From calling creditors to announcing your job loss on social media, a solid game plan can make a layoff sting a lot less.

WEKU

Month changed, year changed, but unemployment continues to rise, instead of decreasing: Former Haryana CM Bhupinder Singh Hooda

CHANDIGARH: Former Haryana chief minister and leader of opposition Bhupinder Singh Hooda said on Monday that the change in month and year is not bringing any good news or relief to the people of Haryana as the state continues to be number one in unemployment in the country.

The Times of India

‘It’s like another planet’: crossing the frontier from Gaza to work in Israel

Unemployment in the Gaza Strip stands at 44% but since 2021 permits to work in Israel have been issued in small numbers

The Guardian - UK

Unemployment Rate Continues to Decline among Saudis

Saudi Arabia’s labor market indicators showed a decrease in the unemployment rate by 1.4 percentage points in the third quarter of 2022, compared to the same period in 2021. The rate of participation of citizens in the labor force increased by 2.7 percentage points, and the ratio of the employed…

Asharq Al-Awsat

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Tribune News Service

US jobless claims rise slightly but remain near historic lows

Applications for U.S. unemployment benefits rose last week, but remained near historic lows, underscoring the enduring resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool demand.

The Independent UK

Applications for US unemployment aid rose slightly last week

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring

Fortune

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Dynamite News

20 Million People In China Aged 16 To 24 Out Of Jobs: Report

According to The Hongkong Post, "The youth unemployment rate in China has hit new highs this year, rising from 15.3 per cent in March to a record 18.2 per cent in April. Read on for details:

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Fortune

The 9 best places to live in Florida if you want to avoid the bomb cyclone

The Sunshine State is not just for retirees…or millionaires.

The Times of India

Indian economy likely to grow at over 7% in FY23: Arvind Panagariya

NEW DELHI: The Indian economy is likely to grow at over 7 per cent in the current fiscal year, former Niti Aayog vice chairman Arvind Panagariya said on Wednesday, while observing that the growth rate should sustain next year too provided the forthcoming Budget does not have any negative surprises.

Los Angeles Times

Michael Hiltzik: A panicky Federal Reserve is driving us into an unnecessary recession

Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market's hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn't think it had wrung enough inflation out of the economy…

Daily Record

Levels of unemployment in Dumfries and Galloway drop during 2022

There were 760 less people looking for work compared to during 2021

Ballotpedia

U.S. weekly unemployment insurance claims fall to 231,000

New applications for U.S. unemployment insurance benefits fell 20,000 for the week ending December 10 to a seasonally adjusted 211,000. The previous week’s figure was revised up from 230,000 to 231,000. The four-week moving average as of December 10 fell to 227,250 from a revised 230,250 as of the week…

ABC News

Australia's economy recovered in 2022, will it crash in 2023?

Soaring inflation and aggressive central bank hikes were the theme of 2022, but will they continue with gusto in 2023? Here's what the experts think.

The Conversation

Nigeria's economy in 2022: winners and losers

At the start of 2022, Nigerians hoped that, with less than two years to the end of President Muhammadu Buhari’s administration, the government would ramp up its efforts to reduce poverty and unemployment.

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