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The Latest Breaking News from Unemployment

Hiring slipped only slightly in June, with no sign of a looming recession

U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.

WEKU

US jobless claims rise slightly, remain near six-month high

Applications for U.S. unemployment insurance last week rose slightly to a level last seen in January, suggesting that labor-market conditions are moderating.

Tribune News Service

More Americans apply for jobless aid for 5th straight week

More Americans applied for unemployment benefits last week, and while layoffs remain low, it’s the fifth straight week claims have topped the 230,000 mark

The Independent UK

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Under Pressure: Chinese International Graduates In a New China

Uncertainty about Covid, high unemployment rates, and shifting workforce expectations challenge China’s youth in 2022.

The News Lens

U.S. weekly unemployment insurance claims fall to 231,000

New applications for U.S. unemployment insurance benefits fell 2,000 for the week ending June 25 to a seasonally adjusted 231,000. The previous week’s figure was revised up from 229,000 to 233,000. The four-week moving average as of June 25 rose to 231,750 from a revised 224,500 as of the week…

Ballotpedia

With a recession looming, here's what you need to know about unemployment insurance

The U.S. economy contracted by 1.6% in the first quarter of this year, setting the stage for a recession if economic output declines again in the second quarter, said economist Anil K. Puri, director of the Woods Center at Cal State Fullerton.

Los Angeles Times

Finally our unemployment figures make sense

We have record-low unemployment numbers but more people receiving the Jobseeker Work-Ready Benefit than there were before Covid – why? By Eric Crampton

Newsroom.co.nz

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Bellbottoms and Bellwethers: Is It the 70s Again?

I was born in 1979, so any anecdotes about the rise of disco or the fall of Saigon have come, at best, second hand. So too are the stories of inflation on a scale so epic it makes 2022 seem like a consumer paradise.

Benzinga

Labor Market Is Tight Yet Layoffs Surge As Tesla, Coinbase, Netflix And Others Cut Staff

The recent unemployment claims numbers confirm the Federal Reserve's assertion that the labor market is tight. However, layoffs are intensifying, particularly in the tech and cryptocurrency sectors.

Benzinga

Saudi Unemployment Rate Drops to 6%

The latest official data released on Thursday in Saudi Arabia revealed a drop in the unemployment rate in the Saudi workforce. The total rate of unemployment — including Saudis and non-Saudis — dropped to 6% in Q1 2022 compared to 6.9% during the same period in 2021, according to the…

Asharq Al-Awsat

US jobless claims fall slightly, remain near five-month high

Applications for U.S. unemployment insurance fell, though remained near January levels, suggesting that labor market conditions are moderating.

Tribune News Service

Xenophobia in South Africa: Vigilante groups target foreign-owned businesses

The anti-immigrant attitude is common in South Africa. But in recent months it has taken an organised shape in the form of a rapidly growing populist movement. Young people united as the movement called "Operation Dudula" are demanding that illegal immigrants be sent home. The ruling party, the ANC, will…

France 24

Slightly fewer Americans apply for jobless claims last week

Slightly fewer Americans applied for unemployment benefits last week, reflecting a still robust job market despite increasing layoffs in some sectors of the economy that have cooled in recent months

The Independent UK

Jobseekers remain in the dark just days out from major Centrelink unemployment changes

The biggest overhaul of unemployment services in years is now just days away. Many jobseekers are still in the dark about what it all means for them.

ABC News

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The Hindu

Agnipath not aimed at addressing unemployment, says Tejaswini

MLC says it is meant to give a new form to the Defence forces along with upgradation

Ballotpedia

U.S. weekly unemployment insurance claims fall to 229,000

New applications for U.S. unemployment insurance benefits fell 2,000 for the week ending June 18 to a seasonally adjusted 229,000. The previous week’s figure was revised up from 229,000 to 231,000. The four-week moving average as of June 18 rose to 223,500 from a revised 219,000 as of the week…

Newcastle Herald

Hunter employment puzzle doesn't add up

The Hunter's unemployment rate rose faster than the state average in May following an increase in the region's workforce participation rate.

Irish Mirror

Social welfare officers joining garda checkpoints and checking for five different offences

The presence of Social Welfare officers is to detect people working while also claiming unemployment payments

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news in one place.

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Newslaundry

TV Newsance 176: The data on job debates Studio Veers don't want you to see

The political twists and turns in Maharashtra dominated the news this week. Republic reporters chased after news, literally, while big boss Arnab Goswami had some advice on Hindutva for Shiv Sena supremo Uddhav Thackeray. As allegations of horse-trading, ED raids and even kidnapping flew thick and fast, anchors at Aaj…

Los Angeles Times

Should we raise unemployment to fight inflation? No, we need to protect jobs no matter what

If economic history teaches us anything, it's that when times get tough, working men and women get targets painted on their back.

Evening Standard

Learning Disability Week: ‘Segregated’ schools leading to unemployment gap

The significant unemployment gap for people with learning disabilities is being driven by social exclusion, segregated educational settings and a lack of support, experts have warned.

The Hindu

Protest against price rise, unemployment, corruption

People, under the aegis of SUCI(C), take out a protest march in Dharwad

Tribune News Service

US jobless claims were little changed near a five-month high

Applications for unemployment insurance in the U.S. last week plateaued near a five-month high, suggesting tightness in the labor market may be starting to ease.

Reuters

Record numbers of Chinese graduates enter worst job market in decades

Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews.

AAP

Sub-four pct jobless rate may not last

There is a growing feeling the sub-four per cent unemployment rate may prove short-lived as economic activity slows.

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