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The Latest Breaking News from Unemployment

Australia’s unemployment rate rises to 3.8% in March as employers shed more than 6,000 jobs

Reserve Bank and Treasury had predicted unemployment rate would rise from February’s 3.7% as interest rates bite

The Guardian - AU

Rich get richer than rest: Australia's wealth gap grows

Australia's wealthiest households have comparatively added more to their pile than those at the bottom and rising unemployment is set to further widen the gap.

AAP

Jobs market holds ground despite rise in unemployment

The official jobs data was more subdued in March as widely expected following a surprisingly strong February result.

AAP

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Connecticut committee advances bill proposing increased threshold for felony unemployment insurance fraud

Connecticut House Bill 2570, which proposes increasing the threshold for felony unemployment insurance fraud from $500 to $2000, advanced from the Joint Judiciary Committee on Apr. 5 by a vote of 24-13. The Joint Labor and Public Employees Committee approved the bill with a vote of 8-4 on Mar. 7.…

Ballotpedia

Modi report card, Ep 1: The real story behind India’s unemployment rate

PM Narendra Modi’s government claims that India’s unemployment rate has been reducing over the years. But how accurate are the official figures?

Newslaundry

Inequality, unemployment, inflation in India are at all time high, says Parakala Prabhakar

Inequality, unemployment among youth, inflation of various commodities and household debt are at an all-time high in the country, said political economist Parakala Prabhakar

The Hindu

Rising unemployment points to worrying signs for UK economy

Continuing levels of inactivity due to ill-health and caring responsibilities suggest all is not well

The Guardian - UK

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Stock Index Futures Slip Ahead of U.S. Economic Data, U.S. Bank Earnings and Powell Speech on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.28%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.32% this morning as U.S. Treasury yields continued to rise, while investors looked ahead to quarterly reports from more big banks, remarks from Fed officials, and a fresh batch of U.S. economic…

Barchart

Stock Index Futures Tick Lower Ahead of U.S. Economic Data, U.S. Bank Earnings and Powell Speech on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.04%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.08% this morning as U.S. Treasury yields continued to rise, while investors looked ahead to quarterly reports from more big banks, remarks from Fed officials, and a fresh batch of U.S. economic…

Barchart

Stock Index Futures Tick Lower Ahead of U.S. Economic Data, U.S. Bank Earnings on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.11%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.09% this morning as investors braced for quarterly reports from more big banks and industry heavyweights while also awaiting a fresh batch of U.S. economic data and remarks from Fed officials.

Barchart

UK unemployment rate leaps to 4.2% amid fears of job cuts

Pay growth is stronger than expected, underlining dilemma over when to cut interest rates

The Guardian - UK

Lok Sabha election 2024 | PM Narendra Modi is the instrument of the biggest, richest businessmen in India: Rahul Gandhi

Lok Sabha elections: Rahul Gandhi criticizes PM Modi for favouring rich businessmen, neglecting farmers and unemployment issues in Kozhikode rally.

The Hindu

Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

The Guardian - UK

Jobs market muscle put to test with fresh data due

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

AAP

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The Hindu

Instead of attacking him for eating fish, Tejashwi tells PM to speak up on poverty, unemployment, inflation

A viral video showing Tejashwi Yadav eating fish fry has created political turmoil and triggered a national debate, with BJP leaders accusing him of hurting Hindu sentiments.

The Hindu

Women voters in Uttarakhand’s Garhwal laud BJP’s ‘pro-women’ schemes; flag delay in rehabilitating Chamoli disaster victims

Lok Sabha polls 2024: Women voters in Chamoli, Uttarakhand express concerns over delayed disaster rehabilitation, unemployment, and rising prices ahead of Lok Sabha polls.

International Business Times

Educated And Unemployed: India's Angry Young Voters

At a run-down job centre in the suburbs of India's financial capital Mumbai, 27-year-old Mahesh Bhopale dreams of a well-paid government post -- just like millions of other young, unemployed graduates.

Barchart

Dollar Sees Support from Outlook for the Fed to Delay Rate Cuts

The dollar index (DXY00 ) on Thursday climbed to a 4-3/4 month high and slightly higher. Higher T-note yields Thursday supported the dollar after the 10-year T-note yield rose to a 4-3/4 month high. Also, Thursday’s US weekly initial unemployment claims report fell more than expected to a 5-week low,...

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Top News

US Jobless Claims Drop To 211,000, Labor Market Thrives

Latest report shows a decrease in U.S. unemployment claims, indicating a robust labor market amidst Fed's rate hikes.

Barchart

Dollar Climbs on Higher Bond Yields and Weak Stocks

The dollar index (DXY00 ) this morning extended Wednesday’s sharp rally to a 4-3/4 month high and is up by +0.16%. Higher T-note yields today are supporting the dollar as the 10-year T-note yield rose to a 4-3/4 month high. Also, US weekly initial unemployment claims fell more than expected...

The Hindu

We will put as much money in the hands of people as the Modi government has given to billionaires, says Rahul in Rajasthan

Rahul Gandhi criticizes Modi government for ignoring unemployment and inflation issues, vows to prioritize poor and marginalized if elected.

The Hindu

PM does not dare to discuss unemployment, price rise, says Raja

Despite making tall claims about development, Prime Minister Narendra Modi does not dare to discuss issues such as unemployment and price rise, Communist Party of India (CPI) national secretary D. Raja said here on Thursday

The Hindu

CSDS-Lokniti pre-poll survey | Economy takes front seat in 2024 campaign

The coming Lok Sabha election is framed as a contest between competing narratives, with political parties vying to convince voters of their ability to effectively address economic uncertainties; unemployment and price rises emerge as primary concerns for voters, reflecting a shift in their priorities compared with previous elections.

The Hindu

CSDS-Lokniti pre-poll survey | In search of a dignified economic life

Over 60% of respondents assert that getting a job has become much more difficult now and 71% of respondents claim that prices have increased considerably in the last five years

WEKU

6 months into war, Palestinians face high unemployment and a 'disastrous' economy

A Palestinian Authority official says there are around 700,000 Palestinians in the West Bank and Gaza who have gone six months without work since the war between Israel and Hamas began on Oct. 7.

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