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The Latest Breaking News from Unemployment

Powell puts US pay hikes at heart of Fed’s 2023 inflation fight

Federal Reserve Chair Jerome Powell has a new North Star to guide his fight against inflation, and it will put American paychecks at the heart of monetary policy next year.

Tribune News Service

Inflation, unemployment, the housing crisis and a possible recession: Two economists forecast what's ahead in 2023

With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming.

The Conversation

Investors think stagflation is a bigger threat to the U.S. economy than a recession

Nearly half of big money managers don't believe the Fed will be able to stick a soft landing and worry that stagflation will be a bigger risk next year.

Fortune

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Editorial: State that limits housing can’t figure out homeless problem

California politicians have given the green light to so many boondoggles, they’re difficult to catalog. A $100 billion train that probably will never be completed, a $3,000 municipal garbage can in San Francisco, pandemic unemployment fraud to the tune of $30 billion … it goes on and on.

Tribune News Service

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

The Independent UK

China’s November Urban Jobless Rate Jumps to 5.7%

Covid outbreaks in major cities drive unemployment to highest levels since May, and end of pandemic controls may further stress job market

Caixin Global

US jobless claims unexpectedly drop to lowest since September

Applications for US unemployment benefits fell last week to the lowest since September, another sign of resiliency in the labor market amid a weakening economy.

Tribune News Service

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Trevor Noah goes for a threepeat of Grammy Award hosting

Unemployment didn’t last long for Trevor Noah

The Independent UK

Pandemic eviction protections, direct payments kept homelessness in check, study shows

LOS ANGELES — Eviction moratoriums and cash income from extended unemployment insurance and stimulus payments helped thousands of economically vulnerable people in Los Angeles County avoid becoming homeless during the pandemic, a new study has found.

Los Angeles Times

Three charts that explain why falling living standards could deepen the UK's north-south divide

Living standards are set to fall by 7% in the UK over the next two years, according to the Office for Budget Responsibility (OBR) – the government’s independent economic forecaster – but some areas will be hit harder than others.

The Conversation

Australia’s unemployment rate remains at 3.4% in November as 64,000 new jobs added

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration

The Guardian - AU

Unemployment holds steady despite shock jobs surge in November

Australia's unemployment rate remains steady at 3.4 per cent, despite the shock addition of 64,000 extra jobs over the past month.

ABC News

Unemployment rate remains at 3.4 per cent

Australia's unemployment rate has stayed at 3.4 per cent, with another 64,000 jobs added to the national economy, the latest labour force figures reveal.

AAP

Unemployment drops amid increasing economic activity

Unemployment declined thanks to increased economic activity and a rebound in tourism. However, household debt increased, albeit at a slower pace, while total loan quality improved.

Bangkok Post

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Fortune

Billionaire David Rubenstein says inflation won’t fall significantly until the unemployment rate is almost double what it is now

“The Fed cannot say publicly what I can say, and what others have said, which is that until we get unemployment to about 6%, we’re not likely to get inflation down appreciably,” he said.

ABC News

Voters in Fiji election want 'skyrocketing' living costs, unemployment and social welfare to improve

Fiji's opposition parties are confident they can beat Prime Minister Frank Bainimarama and win power in the Pacific Island country.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 230,000

New applications for U.S. unemployment insurance benefits rose 4,000 for the week ending December 3 to a seasonally adjusted 230,000. The previous week’s figure was revised up from 225,000 to 226,000. The four-week moving average as of December 3 rose to 230,000 from a revised 229,000 as of the week…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 225,000

New applications for U.S. unemployment insurance benefits fell 16,000 for the week ending November 26 to a seasonally adjusted 225,000. The previous week’s figure was revised up from 240,000 to 241,000. The four-week moving average as of November 26 rose to 228,750 from a revised 227,000 as of the week…

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The Guardian - UK

UK labour market heads for turning point as pay growth nears peak

Wage demands likely to cool as inflation starts to head down and unemployment rises

Chronicle Live

Unemployment rises sharply in North East as economy struggles

The unemployment rate in the region had been at record lows in the previous two months

Evening Standard

Strikes blamed for most working days lost in more than 10 years

Pay data reveals growing gap between private and public sector

The Independent UK

Unemployment rate rises as UK faces deepening economic gloom

New figures also signal more people are choosing to return to work

Wales Online

'Difficult decisions needed' says chancellor as unemployment rises

Jeremy Hunt warned inflation needed to be tackled otherwise it would 'prolong the pain'

Evening Standard

FTSE 100 Live 13 December: Pound rallies past $1.24 to 6-month high; US CPI inflation lower than expected at 0.1%

The UK unemployment rate today rose to 3.7% as official figures also showed no let up in the squeeze on real-terms wages.

The Guardian - UK

30 million in UK ‘priced out of decent standard of living by 2024’

Thinktank blames rising prices, inflation and unemployment, and called for national living income

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