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The Latest Breaking News from Unemployment

Data | How much employment generation does the economy need?

If policymakers talk of creating work for 5 million-8 million young in India, that will barely scratch India’s unemployment problem

The Hindu

Jobless people in country number 7 million

Fifty years ago, the unemployment situation in the country deteriorated year after year and the number of jobless had reached the 7.27 million mark by April

The Hindu

The dramatic resurgence of Bitcoin is the biggest surprise of the year

Business & investing: There's a mixed scorecard for the markets at the halfway point of the year, but the world’s most popular cryptocurrency is powering higher thanks to renewed interest by some of the world’s largest investment funds. Andrew Patterson reports.

Newsroom.co.nz

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China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Fortune

Student Loan Forgiveness: Capital One Stock, Consumer Lenders Face Reality Check From Ruling

CapitalOne and other lenders may see some impact from the Supreme Court's student loan forgiveness decision on Friday.

Investors Business Daily

Cooling Labor Market Can Help Inflation Come Down: Kiplinger Economic Forecasts

Inflation could ease further as the labor market cools, with unemployment edging up and more workers who are reluctant to quit.

Kiplinger

S&P Futures Climb Ahead of Key U.S. Inflation Data

September S&P 500 futures (ESU23) are trending up +0.33% this morning as market participants awaited a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

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US jobless claims drop by most since 2021 in holiday week

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

Tribune News Service

Applications for jobless benefits in the U.S. retreat after three weeks of higher claims

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

The Independent UK

Finance Minister removes house prices from Reserve Bank remit

Newsroom is an independent, New Zealand-based news and current affairs site.

Newsroom.co.nz

U.S. weekly unemployment insurance claims unchanged at 264,000

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.

Ballotpedia

Sierra Leone's president seeks another term as opponents complain about the economy and unemployment

Voters in Sierra Leone are deciding whether to give President Julius Maada Bio a second term in office

The Independent UK

U.S. weekly unemployment insurance claims unchanged at 262,000

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.

Ballotpedia

Weekly US applications for unemployment aid remain elevated

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 Independent UK

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The Guardian - AU

Why does the RBA want unemployment to go up? And what has it got to do with inflation?

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

Newcastle Herald

Reserve Bank says Newcastle labour market 'tight', but it may not last long

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

The New Daily

Michael Pascoe: Speech shows RBA clueless on employment

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.

The Guardian - UK

‘The youth will fight’: why children have joined Senegal protests

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

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The Conversation

Deadly tragedy off the coast of Greece exposes how human traffickers are exploiting Pakistan's economic meltdown

Pakistan is experiencing a confluence of crises attributed to a decline in governance standards. Security challenges, chiefly posed by terrorism, have exacerbated the country’s economic deterioration, which in turn has given rise to energy shortages, rampant unemployment and soaring inflation rates.

Ballotpedia

Unemployment insurance indexing bill fails in Arizona

The Arizona House of Representatives on June 12 voted against a bill 29-31 that would have indexed the length of unemployment insurance benefits to the state’s unemployment rate. During times when the unemployment rate was at or below 5%, unemployed workers would have been able to collect a maximum of…

AAP

RBA says jobs market too tight to control inflation

Australia has managed to engineer full employment but the extreme competition for workers risks keeping inflation higher for longer.

The New Daily

Chalmers trumpets new employment growth numbers

Australia is outperforming major advanced economies on employment growth, with more people – and women – working than ever before.

The New Daily

Alan Kohler: RBA hasn’t broken its habit of making horribly wrong interest calls

Pessimists fearful of a Reserve-Bank trifecta of runaway inflation, massive unemployment and house-price collapse need to get a grip.

The Conversation

South Africa's ruling party is performing dismally, but a flawed opposition keeps it in power

As power cuts continue, the economy falters, unemployment rises and the currency tumbles, South Africa’s political commentators tend to agree that support for the governing African National Congress (ANC) will fall under 50% in the 2024 national and provincial elections. If the party avoids a defeat, it could lead to…

The Independent UK

Sierra Leone gears up for presidential election amid economic crisis, looming protests

Sierra Leoneans are heading to the polls on Saturday, June 24, to select their next president amid mounting frustration due to an ailing economy, rising unemployment and the loom of deadly protests

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