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The Latest Breaking News from Unemployment

Scottish unemployment rate drops by 1.1% since last year to joint record low

But despite the positive trend, estimated wage growth has fallen behind the rest of the UK

Insider UK

Glass half empty or full? The two ways of viewing latest UK jobs figures

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

The Guardian - UK

Unemployment rate in Scotland drops to joint record low

THE unemployment rate in Scotland has dropped by 1.1 percentage points across the past year, figures have shown.

The National (Scotland)

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Britain sees rise in unemployment - and a record slump in workers' pay

Experts believe that pay is down by 4.1 percent in real terms

Manchester Evening News

FTSE 100 Live: Record pay squeeze revealed, unemployment rate steady at 3.8%

Earnings in real terms have fallen by a record 3% as workers continue to be squeezed by soaring prices, official figures showed today.

Evening Standard

Why unemployment is set to stay below 5% for years to come

Unfathomably, Australia’s unemployment rate has sunk to 3.5%. Even harder to believe is that it will soon sink lower – perhaps even this week, when the update is released on Thursday – and after that, if the ANZ’s forecasts are correct, dip below the next threshold to two-point-something for the…

The Conversation

U.S. weekly unemployment insurance claims rise to 260,000

New applications for U.S. unemployment insurance benefits rose 6,000 for the week ending July 30 to a seasonally adjusted 260,000. The previous week’s figure was revised down from 256,000 to 254,000. The four-week moving average as of July 30 rose to 254,750 from a revised 248,750 as of the week…

Ballotpedia

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Week of gains as markets rally and unemployment hits record low

What to watch in markets this week: The ASX200 closed higher for a fourth straight week, and it is now 10 per cent above its June lows.

The New Daily

State government is committed to make 'Rangla Punjab': CM Bhagwant Mann

LUDHIANA: Punjab Chief Minister Bhagwant Mann on Monday called upon people to join hands and wage a war against social maladies like unemployment, corruption, communalism and social discrimination to realise the dreams of freedom fighters and make a 'Rangla Punjab '

The Times of India

HCP: Unemployment Rate Among Moroccan Youths is 31.8%

The unemployment rate in Morocco among young individuals aged 15 to 24 years is 31.8%, the High Commission for Planning (HCP) revealed on Friday. This age group represents 5.9 million out of the kingdom’s 36 million total population, of which 16.3% have jobs (962,000) and 7.6% are unemployed (448,000). The…

Asharq Al-Awsat

US jobless claims increase for second straight week

Unemployment claims remain close to the highest level since last November, the Labor Department said.

Al Jazeera

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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The Conversation

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).

Dynamite News

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:

The Conversation

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.

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Tribune News Service

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.

Newsroom.co.nz

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.

Reason

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.

Benzinga

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.

WEKU

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%.

The Independent UK

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’

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