The Latest Breaking News from Unemployment

U.S. unemployment benefits applications fell last week by the most since October 2021 in a week that included the Juneteenth holiday.

Applications for unemployment benefits fell significantly last week after it appeared claims had reached a modestly elevated level in recent weeks

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New applications for U.S. unemployment insurance benefits for the week ending June 17 were unchanged from the previous week’s revised number at 264,000. The four-week moving average as of June 17 increased 8,500 from the previous week’s revised number to 255,750. The average is the highest since November 13, 2021.

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New applications for U.S. unemployment insurance benefits for the week ending June 10 were unchanged from the previous week’s revised number at 262,000. The four-week moving average as of June 10 increased 9,250 from the previous week’s revised number to 246,750. The average is the highest since November 20, 2021.

The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s rate hikes are beginning to cool a still-strong labor market

The Reserve Bank deputy governor’s assessment that unemployment was ‘too low’ to tame inflation drew anger from unions. But was it correct?

Deputy governor Michele Bullock told a Newcastle industry lunch that unemployment would rise to help control inflation.

You can rely on the Reserve Bank to miss or downplay a major factor or two when it strays into what’s actually happening in Australia.

Frustrations have grown over high youth unemployment and accusations of systemic corruption