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The Latest Breaking News from Unemployment

U.S. weekly unemployment insurance claims rise to 210,000

New applications for U.S. unemployment insurance benefits rose 10,000 for the week ending Oct. 21 to a seasonally adjusted 210,000. The previous week’s figure was revised up by 2,000 to 198,000. The four-week moving average as of Oct. 21 rose 1,250 from the previous week’s revised average to 207,500.

Ballotpedia

New Zealand unemployment rises to 3.9 per cent

Unemployment in New Zealand has grown by 0.3 per cent in the latest quarter to 3.9 per cent, in line with expectations.

AAP

Thousands of Novocastrians are taking on full-time roles, so why are unemployment rates continuing to grow?

'Businesses are still looking for people on a casual and part-time basis.'

Newcastle Herald

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Why it's so hard to be young in Britain right now

If you’re taking the first steps in your career right now, you’re doing so in the face of a high cost of living and an increasingly inaccessible housing market. You may well be facing the reality that you will be worse off than your parents’ generation.

The Conversation

KCR owes an explanation to youth on unemployment before seeking votes: BJP

The infuriated youth are sure to send the ruling BRS party out of Pragati Bhavan to the farmhouse, and not give them a third term, said Telangana BJP president G.Kishan Reddy

The Hindu

Point of No Return

Young Canadians face too many barriers to entry into the job market—an issue that could reverberate through the economy for years to come.

The Walrus

After caste-based survey report, Nitish focuses on employment with mega event to issue job letters to 1.22 lakh teachers

With unemployment widely considered the biggest poll issue in Bihar, the Nitish Kumar-led government hopes to convey that it is serious about creating job opportunities within the State

The Hindu

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Unemployment rate in Telangana stood at 15.1%: Vamshichand Reddy

AICC Sec. Reddy claims Telangana's unemployment rate is 15.1%. He alleges BRS govt failed to provide promised unemployment dole & shelved Congress' schemes. He said govt hid 1.91 lakh vacancies & 64.9% vacancies in higher edu. He urged people to reject BRS in polls for Telangana's martyrs.

The Hindu

California governor vetoes unemployment insurance benefits for striking workers

California Governor Gavin Newsom (D) on September 30 vetoed a bill that would increase labor protections for striking workers.

Ballotpedia

Modi government has no vision for future, says Priyanka at rally in Rajasthan

Congress’ Priyanka Gandhi Vadra slams Modi govt for lack of vision, unemployment & privatisation of PSUs. Ashok Gehlot announces ₹10,000 annual financial aid for women ahead of assembly polls.

The Hindu

U.K. changes unemployment measure because it can't reach Gen Zers and millennials

The U.K.'s stats body can't get through to younger generations, and that has fundamentally altered its labor market data.

Fortune

UN report: 80% of Gaza inhabitants relied on international aid before war

Unctad outlines conditions last year, with unemployment rate of 45% one of highest in world

The Guardian - UK

Change to jobs market data could not come at worse time for Bank of England

ONS decision to switch to ‘experimental’ unemployment figures comes as interest rate decision looms next week

The Guardian - UK

UK decision to scrap caps on bankers’ bonuses condemned as ‘obscene decision’ by union – as it happened

The number of unemployed grew by 82,000 in the three months to August and Barclays seeks to cut costs after profits dip

The Guardian - UK

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The Guardian - UK

Bank of England expected to hold interest rates again after joblessness rise

Policymakers expected to keep rates at 5.25% after official figures show rise in UK unemployment

The Independent UK

Unemployment rate unchanged but signs point to cooling jobs market

Estimates from the ONS revealed that the unemployment rate for those aged 16 and over was 4.2% in the three months to August.

Evening Standard

UK unemployment rate at 4.2% as ONS changes survey methods

By any measure, the rate has remained low considering the expected impact of interest rate hikes on the economy

The Hindu

Ahead of MP polls, Shivraj Singh Chouhan promising bridge where there is no river, says Kamal Nath

Kamal Nath claims Shivraj Singh Chouhan is making unrealistic promises in MP election season. He alleges BJP has given people price rise, unemployment, corruption and liquor. Nath says there's a "50% commission" raj in MP and BPL cards can be bought with a 50% cut. Congress leader urges people to…

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The Hindu

Modi government’s policies denying rights to people, says Priyanka Gandhi Vadra

Priyanka Gandhi Vadra launches scathing attack on Modi government for denying people rights and making life difficult with unemployment and price rise. She accused BJP of resorting to tactics to cling to power and working for benefit of big industrialists.

The Independent UK

Applications for US jobless benefits fall to lowest level in more than 8 months

Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market

Investors Business Daily

Dow Jones Slides After Surprise Jobless Claims; Tesla Dives On Elon Musk Cybertruck Warning

The Dow Jones dropped Thursday after surprise initial unemployment claims. Tesla stock dived on Elon Musk's Cybertruck warning.

The Guardian - AU

Australia’s jobless rate fell to 3.6% in September despite 40,000 full-time jobs being shed

Unemployment rate was 3.6% in September compared with reported 3.7% in August, the Australian Bureau of Statistics says

The Hindu

IPL team, OBC quota and ₹25 lakh health insurance: Congress promises slew of schemes in Madhya Pradesh manifesto

Kamal Nath also announced waiver of farm loans up to ₹2 lakh and an assistance of ₹1,500 per month to women in the manifesto for Madhya Pradesh Assembly polls.

The Independent UK

An uncertain future: Soaring youth unemployment hits Chinese graduates

Many graduates in China are giving up the pursuit of their dream jobs as unemployment soars

Reason

California's $20 Minimum Wage Will Hurt the Fast Food Workers It's Meant to Help

Boosting minimum wages often increases unemployment and raises prices.

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