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The Latest Breaking News from Unemployment

Morning Digest | Parliament security breach: Raising voice against unemployment is not treason, says ‘mastermind’ Lalit Jha’s father; Kamal Nath removed as Madhya Pradesh Congress chief, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on December 17, 2023

The Hindu

Parliament security breach | Raising voice against unemployment is not treason, says ‘mastermind’ Lalit Jha’s father

Lalit Jha’s mother, Manjula Jha, 62, sits in a broken chair and cries, pleading for her son’s release.

The Hindu

Rahul Gandhi On Parliament Security Breach: Incident a direct fallout of unemployment, inflation

Speaking to reporters on Saturday, the Wayanad MP said, "Why did this (security breach) happen? The main issue in the country is unemployment..." Read further on Dynamite News:

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Parliament security breach | Congress accuses BJP of politicising incident

Rahul Gandhi blames unemployment and inflation caused by Modi's policies for security breach in Parliament. Congress leader K C Venugopal accuses BJP of politicising issue.

The Hindu

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

The Independent UK

Fadnavis announces SIT for Maratha quota stir arson; vows prosecution

Devendra Fadnavis announces SIT to probe arson incidents in Beed district, Maharashtra police seize drugs worth ₹50,000 crore, opposition protests rising unemployment.

The Hindu

Dow Jones Rallies After Surprise Jobless Claims, Retail Sales; Adobe Dives On Earnings

The Dow Jones rallied Thursday after a surprise drop in initial unemployment claims and U.S. retail sales. Adobe stock dived on earnings.

Investors Business Daily

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Vladimir Putin’s war in Ukraine has cost Russia’s economy 5% in growth, U.S. Treasury says

Russia plans big defense spending with inflation running high. But Vladimir Putin thinks the economy is doing great as it grows and keeps unemployment low.

Fortune

Parliament security breach | Delhi court sends 4 accused to 7-day police custody

Parliament security breach: Case registered under UAPA & IPC for Parliament security breach; 6 accused planned incident, 5 arrested; motive linked to farmers' protest, Manipur crisis & unemployment.

The Hindu

Australia’s unemployment rate ticked higher in November at 3.9% but hiring numbers also up

Joblessness rate rose despite 61,500 new jobs because the number of people seeking work also grew strongly

The Guardian - AU

The Fed’s declaration that rates may have peaked is ‘a long-awaited holiday present’ for Wall Street, sending the Dow to a record close

“The bears are running for cover and may have to go into hibernation” after the Fed’s dovish outlook, said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

Fortune

Black employment in Cook County is sandwiched between hope and reality

Jobs can be a source of inspiration, but opportunities are diminishing for young Black people in the Chicago area, Alden Loury writes.

Chicago Sun-Times

The economy is a trouble spot for Biden despite strong signs. Here's why

Despite job growth, low unemployment and record spending, Americans are in a sour mood about the economy — and that could spell trouble for President Biden's reelection chances.

WEKU

Stock Market Today: Stocks Close Higher After Strong November Jobs Report

The unemployment rate ticked lower last month, while annual wage growth eased.

Kiplinger

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Fortune

Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

“The recession that seemed so inevitable at the end of 2022 still hasn’t arrived and may not come anytime soon,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance.

Barchart

3 Unusually Active Reasonably-Priced Call Options to Buy Now

The November jobs report came out Friday morning. The Labor Department reported that 199,000 jobs were added last month, resulting in a 20-basis-point drop in the unemployment rate to 3.7%. The news should help Friday trading.

Kiplinger

Jobs Growth Beats Expectations in November: What the Experts Are Saying

The jobs report keeps the economy on track for a soft landing, but rate cut hopes may be premature.

Barchart

The Unemployment Rate Declines to 3.7% and Nonfarm Payrolls Rise by 199,000

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is up +0.32%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.22%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.33%. Stocks are higher this morning, despite the...

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International Business Times

US Unemployment Ticks Down As Hiring Accelerates

The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy.

Investors Business Daily

Jobs Report: Near-Goldilocks Data Sets Stage For Fed Rate Cuts; S&P 500 Rises

The jobs report showed moderate hiring as wage growth slipped below 4%. A fall in the unemployment rate may not push back Fed rate cuts.

The Guardian - US

US economy adds 199,000 jobs as unemployment rate falls slightly

Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

The Independent UK

Filings for jobless claims tick up modestly, continuing claims fall

U.S. applications for jobless benefits ticked up last week, but the overall number of people in the U.S. collecting unemployment benefits fell after hitting its highest level in two years last week

Investors Business Daily

10-Year Treasury Yield Falls Again, But Friday's Jobs Report May Surprise

The 10-year Treasury yield could fall to 4% if the jobs report shows the unemployment rate rising to 4% on Friday.

International Business Times

November Jobs, Unemployment And Wages: What To Expect

Wall Street expects the U.S. economy to have created somewhere between 160,000 and 185,000 jobs in November, based on two forecasts published by Trading Economics.

The Hindu

Opposition questions Centre’s inaction on issues of unemployment, price rise in Rajya Sabha

Opposition questions Union government performance in economy, BJP defends Centre, citing electoral victories. Chidambaram focussed on unemployment, price rise & inequality. O'Brien & Reddy raised issues of price rise & trade deficit

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