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The Latest Breaking News from Unemployment

UK pay hit by inflation but unemployment falls to 48-year low

Most workers face fifth month of falling living standards despite soaring City bonuses

The Guardian - UK

Jobless rate lowest since 1974 but wages have dropped 2.9%

The fall in unemployment is down to people leaving the job market

Wales Online

Pound jumps as UK unemployment falls to lowest since 1974, but basic pay lags inflation – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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read the most diverse news in one place.

FTSE 100 Live: Wages squeeze continues as unemployment rate dips, Vodafone results

Earnings are continuing to fall sharply in real terms amid surging living costs, figures from the UK jobs market showed today.

Evening Standard

Big fall in North East unemployment but warning over pay levels

The numbers of people claiming out-of-work benefits in the region has fallen below pre-pandemic levels

Chronicle Live

Former Federal Reserve chairman warns of ‘stagflation’ crisis similar to the 1970s

The former Federal Reserve chairman warned of a coming economic morass in the next decade.

The Independent UK

Job Fair Offers Hope to Young Unemployed in Iraqi Province

In an Iraqi province where unemployment is about 40 percent, a lucky few hoped to find work Sunday at a university job fair attended by French firms alongside local companies. The three-day event is taking place at the University of Mosul in Iraq's war-ravaged second city, where reconstruction has been…

Asharq Al-Awsat

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Left parties call for week-long nationwide protests against price rise, unemployment from May 25

The Left parties demand withdrawal of all cess/surcharges on petroleum products and roll back price hikes, particularly of cooking gas cylinders.

The Hindu

Sonia Gandhi chairs meeting of AICC top brass on next phase of Jan Jagran Abhiyan

The mass agitation programme Jan Jagran Abhiyan is to highlight issues like inflation, recession, unemployment rate, and farm distress

The Hindu

Want higher wages? Unemployment near 50-year lows makes now the time to try to get a pay rise

After spending years commuting three hours a day to work, Tarsh Soxsmith has taken advantage of the strong jobs market to get better pay and more flexible conditions, and you might be able to too.

ABC News

Inflation Triggers Mandatory Minimum Wage Increases in California

The state’s unemployment rate is well above average, yet there’s a ballot initiative hoping to push the minimum wage to $18 an hour.

Reason

Meat industry made ‘baseless’ claims of Covid shortages to press Trump to keep plants open, report says

Meatpacking plants were kept open by a Trump-era executive order asked for by executives

The Independent UK

Prince Charles causes chaos at JD Sports as huge crowd of well-wishers surrounds him

Prince Charles was surrounded by well-wishers during a visit to meet young people who have been on the Kickstart scheme, which was set up during the pandemic to stave off mass youth unemployment

Daily Mirror

The IRS dropped its demand to upload selfies, so why is Florida still requiring them?

FORT LAUDERDALE, Fla. — Taxpayers, lawmakers and digital privacy advocates rebelled earlier this year when the IRS announced plans to require taxpayers to upload selfies if they wanted online access to their tax records. The selfies were needed by an identity verification service, ID.me, to compare with applicants’ government-issued ID…

Tribune News Service

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ABC News

Even with unemployment low, wages fall behind cost of living. Can politicians get you a pay rise?

For some time, federal politicians have argued that wages will grow when unemployment is lower. But a new report finds the evidence does not support that and the best way for politicians to get workers pay rises is to change the industrial relations system.

The Independent UK

EXPLAINER: Recession fears grow. But how high is the risk?

Inflation is at a 40-year high

The Conversation

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.

Asharq Al-Awsat

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…

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The Guardian - AU

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 Independent UK

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 Guardian - US

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

Daily Mirror

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%

WEKU

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

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%.

Axios

U.S. adds 428K jobs as boom continues

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

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