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The Latest Breaking News from Unemployment

US jobless claims rise again, near highest since November

Applications for U.S. unemployment insurance rose for a second week and held near the highest level since November, indicating continued moderation in the labor market.

Tribune News Service

US unemployment claims rise by 14,000 to 262,000

The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength

The Independent UK

Kenya elections: Raila Odinga and William Ruto in tight race for president

Analysts say result too close to call, with poor turnout amid cost of living crisis and soaring unemployment

The Guardian - UK

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India’s great untapped resource: its jobless young people

Young people have been taking to the streets across India, demanding governments act to provide more jobs. In the northern state of Bihar, large numbers protested on February at delays in filling public sector vacancies. Some of them had passed the required examinations but waited several years for their job…

The Conversation

Furlough had a protective effect on mental health – but it wasn't as good as working

In March 2020, a few days before lockdown was introduced, the UK government launched the Coronavirus Job Retention Scheme, widely referred to as “furlough”. This scheme provided employees who were unable to work due to the pandemic with 80% of their pay (capped at £2,500 per month).

The Conversation

RJD holds 'Pratirodh' yatra over inflation, unemployment in Patna

Rashtriya Janata Dal (RJD) workers on Sunday held a 'Pratirodh' march in Patna over the issue of inflation and unemployment. Read more on Dynamite News:

Dynamite News

6 ways Canadians can prepare for the upcoming recession

Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise.

The Conversation

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More people in flooded Eastern Kentucky counties eligible for housing, other help

LEXINGTON, Ky. — The Federal Emergency Management Agency, or FEMA, has approved individual assistance for people in more counties hit by recent flooding in Eastern Kentucky, Gov. Andy Beshear’s office announced Saturday.

Tribune News Service

Reserve Bank's bitter medicine harms the patient it's trying to save

Facing a cost of living crisis, the Government can open a modern economic toolkit and move from Wellbeing Budgets to a Wellbeing Economy.

Newsroom.co.nz

How to shake off the inflation blues

Surveys show New Zealanders feel inflation is outpacing their ability to save, while new research suggests this will put more people in a place of sadness, anger and pain.

Newsroom.co.nz

New Jobs Report Shows Unemployment Back to Pre-Pandemic Levels

The better-than-expected employment numbers are fueling investors' inflation fears and causing the stock market to fall.

Reason

Bombshell Jobs Report: All Pandemic Jobs Lost Restored, Flipping Recession Script And Fueling Inflation, Fed Fears

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.8% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from July.

Benzinga

The job market got even better, in a surprisingly positive sign for the economy

U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.

WEKU

US unemployment rate drops to 3.5 per cent amid ‘widespread’ job growth

‘Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic levels’

The Independent UK

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The Independent UK

Recession forecast explained: What you need to know

The UK’s central bank has predicted a long recession and eye-watering inflation

The Independent UK

EXPLAINER: How do we know when a recession has begun?

The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended

The Independent UK

As recession fears grow, strong US hiring is likely slowing

The American job market has defied raging inflation, rising interest rates, growing recession fears

The Times of India

Wearing black clothes, Congress MPs stage protest in Parliament

NEW DELHI: Wearing black clothes, Congress MPs, led by party chief Sonia Gandhi and Rahul Gandhi, staged a protest in the Parliament House complex on Friday as they marched towards the Rashtrapati Bhavan as part of their nationwide stir against price rise, the GST hike on essential items and unemployment.

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Dynamite News

Congress Protest: Nationwide on issues of inflation, unemployment

The protesters, which include members of the Congress Working Committee (CWC) - the highest decision-making body of the party are expected to participate in "PM House gherao" later in the day. The party's state units will hold similar protests across the country. Full story on Dynamite News:

The Hindu

India is witnessing death of democracy, says Rahul Gandhi

Congress holds nationwide protests against price rise, unemployment and imposition of GST on essential commodities

Ballotpedia

U.S. weekly unemployment insurance claims fall to 256,000

New applications for U.S. unemployment insurance benefits fell 5,000 for the week ending July 23 to a seasonally adjusted 256,000. The previous week’s figure was revised up from 251,000 to 261,000. The four-week moving average as of July 23 rose to 249,250 from a revised 243,000 as of the week…

Al Jazeera

US jobless claims climb again, near highest since November

Unemployment claims have been on the rise the last few months, perhaps signaling a slowing labour market.

The Conversation

Five reasons why the four-day week won't work

The four-day working week continues to gain momentum, with pilots taking place in the UK, Ireland, US, Canada and Australia. Over six-month periods between February and November, employees at participating businesses are working only 80% of their time but still receiving 100% of their salary and benefits.

ABC News

Mandurah's homelessness, high unemployment, and mental health battles highlighted in reports

As wet weather lashes Perth's southern regions Kirsty Buchanan is spending her nights on the cold, rainy, streets of Mandurah — one of many in the seaside city doing it tough.

The Guardian - AU

Australia’s economy is set to grow slower than it ever has outside of recession. This is bad news for our standard of living

The economic growth forecasts are truly dire and point to rising unemployment and falling wages growth

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