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The Latest Breaking News from Unemployment

What is a recession and what would it mean for you

There are fears the UK is heading into a serious economic downturn

Wales Online

Inflation hits fresh 40-year high, pushing Fed to get more aggressive with interest rates – and the 'Beveridge curve' should give it courage to do so

Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there’s concern it could cause unemployment to spike, a little-known economics indicator suggests the Fed can do so without…

The Conversation

What is Centrelink's new employment services program, Workforce Australia? How will it affect jobseekers?

Jobactive — the Australian government's main employment services program — has been replaced by a new service called Workforce Australia Employment Services Provider. Here's how the change will affect your job search.

ABC News

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KTR pens open letter to PM on unemployment issue

TRS leader blames Centre’s policies for PSUs’ sale, job loss

The Hindu

US jobless claims rise by most since July during holiday week

Applications for US state unemployment insurance rose by the most in nearly a year during the week that included the Memorial Day holiday.

Tribune News Service

More Americans apply for jobless benefits last week

More Americans applied for jobless aid last week but the total number of Americans collecting unemployment remains at a five-decade low

The Independent UK

Fear and confusion from jobseekers as 'dramatic' changes to Centrelink mutual obligations loom

Major changes to employment services begin in under a month – but many of the 800,000 jobseekers who’ll be affected are still unclear on exactly how.

ABC News

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Biden Says the Deficit Is Falling. Actually, It's Rising.

Under Biden, Trump, and Obama, government federal spending almost doubled.

Reason

Watchdog Report: At Least 20 Percent of Federal Pandemic Unemployment Dollars Wasted

A new report from the Government Accountability Office found that nearly $80 billion was paid out to ineligible beneficiaries or outright fraudsters.

Reason

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

The Independent UK

UAW flexes muscle with strike pay hike ahead of Detroit Three talks next year

The United Auto Workers on Tuesday increased its weekly strike allowance for members to $400 per week from $275, a signal of strength ahead of the union next year approaching the bargaining table with the Detroit Three automakers, according to experts.

Tribune News Service

Best time to find a job in California? Experts say this industry is struggling to hire

It’s the best time in 50 years to look for a job in California.

Tribune News Service

Uttam asks KCR to declare the deadline to fill 91,142 identified vacancies

‘Give unemployment allowance to all applicants’

The Hindu

Massive unemployment fatal for youth: Former Haryana CM Bhupinder Singh Hooda

CHANDIGARH: Former Haryana chief minister and leader of opposition Bhupinder Singh Hooda said on Monday that massive unemployment in Haryana and paralysed policies of the state government are proving fatal for the youth of the state.

The Times of India

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The Hindu

Andhra Pradesh: TDP’s youth wing stages protest seeking job calendar

‘Youth disillusioned over rising unemployment’

Bangkok Post

May Jobs Report Keeps Fed on Track for Half-Point Rate Rises

The strong employment figures released Friday keep the Federal Reserve firmly on track to raise interest rates by a half-percentage point at its meeting in two weeks and again in late July to cool high inflation.

The Guardian - UK

UK government’s £2.9bn job search scheme has put only 7% of participants in work to date

Intensive ‘Restart’ programme is also struggling to find enough participants to meet predicted caseload

The Independent UK

Biden's challenge: Inflation overshadows robust job gains

President Joe Biden came before the television cameras Friday to celebrate yet another month of healthy job growth and low unemployment and the fastest pace of hiring in four decades under his watch

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Ballotpedia

Colorado governor signs law to direct federal funds to repay unemployment insurance debt

Colorado Gov. Jared Polis (D) on May 25 signed SB22-234, which will direct $600 million of federal American Rescue Plan Act (ARPA) funds to help pay back the state’s $1 billion unemployment insurance trust fund debt to the federal government.

Ballotpedia

Kansas governor announces start of unemployment insurance modernization effort

Kansas Gov. Laura Kelly (D) announced June 2 that the Kansas Department of Labor (KDL) has started what it describes as its effort to modernize the state’s unemployment insurance system. Kelly said the project will take 26 months and cost roughly $48 million.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 200,000

New applications for U.S. unemployment insurance benefits fell 11,000 for the week ending May 28 to a seasonally adjusted 200,000. The previous week’s figure was revised up from 210,000 to 211,000. The four-week moving average as of May 28 fell to 206,500 from a revised 207,000 as of the week…

The Guardian - US

Growth in US jobs continued in May, continuing a 17-month streak of gains

Unemployment rate holds at 3.6% for third month but rate for Black Americans is nearly twice that of white people

WEKU

The job market stays red-hot with the unemployment rate near a pre-pandemic low

U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.

The Guardian - UK

‘A certain stigma’: Spain’s hospitality sector hit by waiter shortage

Despite huge national unemployment, restaurants owners are struggling to fill vacancies. Why?

Benzinga

Economic Data Scheduled For Friday

US jobs report for May is scheduled for release at 8:30 a.m. ET. A 325,000 increase is expected for nonfarm payroll growth in May compared with 428,000 April. Analysts expect unemployment rate declining to 3.5% in May from 3.6% in April. US Services Purchasing Managers' Index for May will be released…

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Bhupinder Singh Hooda

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Office for National Statistics

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