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The Latest Breaking News from Unemployment

Three things that can go wrong at an illegal oil refinery in Nigeria

Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil.

The Conversation

Asian Stocks Stumble on Global Anxieties over Inflation

Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's…

Asharq Al-Awsat

Second leaders’ debate factcheck: the five biggest clangers in Morrison v Albanese

On issues ranging from aged care to the Port of Darwin, we examine the claims and counter-claims of the PM and Labor leader

The Guardian - AU

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US sees 428,000 jobs added in April with unemployment steady at 3.6 per cent

‘We think the economy has enough strength to create over four million jobs this year’

The Independent UK

US employers kept up strong hiring pace in April as jobless rate held steady

Employers added 428,000 jobs with unemployment rate at 3.6%, close to its pre-pandemic low

The Guardian - US

Is the UK heading for a recession and what would that mean for my money? Explained

The Bank of England yesterday issued a stark warning to the British public that the economy is at risk of slipping into a recession as it raised interest rates to 1%

Daily Mirror

The U.S. jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

WEKU

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The US jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

WEKU

U.S. adds 428K jobs as boom continues

Tiny cracks are showing, suggesting the jobs boom could fade.

Axios

Black and Asian unemployment rate more than double that of white people as recession looms

Black households face being disproportionately impacted by the cost of living crisis

The Independent UK

Economic Data Scheduled For Friday

U.S. jobs report for April is scheduled for release at 8:30 a.m. ET. Analysts expect nonfarm payrolls rising 400,000 in April, compared with a three-month average growth of 562,000. The unemployment rate is expected to remain unchanged at 3.6% in April. New York Fed President John Williams is set to…

Benzinga

Three graphs that show UK’s looming economic turmoil

Millions face unprecedented spike in energy bills and second-biggest fall in living standards since records began

The Independent UK

‘Middle class affected by unemployment, polarisation’

BKC also expresses concern over Hindutva entering cultural and educational spheres

The Hindu

Falling jobless rate is set to complicate Fed’s inflation fight

The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.

Tribune News Service

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The Independent UK

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

The Conversation

Perpetrators of family violence sometimes use threats of suicide to control their partner

Men’s suicide is often linked to social and economic factors such as financial problems, legal issues and unemployment.

Tribune News Service

Stuart Rothenberg: Inflation, recession and the 2022 midterms

With six months to go until the 2022 midterm elections, the economic indicators continue to deteriorate for Democrats. While unemployment remains low and the economy continues to grow (except for a recent hiccup that few take seriously), inflation is up dramatically, and interest rates are spiking.

Ballotpedia

Minnesota governor signs bill to fund unemployment insurance account

Minnesota Gov. Tim Walz (D) signed a bill May 2 that will direct about $2.7 billion to the state’s Unemployment Insurance Trust Fund and repay the state’s $1.4 billion unemployment insurance debt to the federal government. The law also includes about $500 million to send $750 direct payments to 667,000…

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Ballotpedia

Colorado legislators introduce bill to direct federal funds to repay unemployment insurance debt

Colorado legislators on May 2 introduced a bill that would 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. The bill would also forgive certain non-fraud overpayments, meaning some workers who…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 180,000

New applications for U.S. unemployment insurance benefits fell 5,000 (2.7%) for the week ending April 23 to a seasonally adjusted 180,000. The previous week’s figure was revised up from 184,000 to 185,000. The four-week moving average as of April 23 rose to 179,750 from a revised 177,500 as of the…

Benzinga

10 Cities With The Highest Unemployment Rates

Since the U.S has been in the recovery stages of the COVID-19 pandemic, the labor market has recovered significantly; still, some cities are plagued with high unemployment rates.

The Hindu

Letters to the Editor — May 4, 2022

Address unemployment

Tribune News Service

COVID has subsided. Why are so many people in California still seeking unemployment benefits?

SACRAMENTO, Calif. — Why are so many people in California still not working?

Roll Call

Inflation, recession and the 2022 midterms - Roll Call

The current economic issues of inflation and low growth could put Democrats at a disadvantage in the 2022 midterms.

AAP

Give unemployed a 'real chance': ACOSS

The peak welfare body says the next government should commit to full and sustainable employment, as rising interest rates threaten record low unemployment.

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