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The Latest Breaking News from Unemployment

Fewer Americans file for jobless benefits last week

U.S. applications for unemployment benefits fell last week to their lowest level in 16 weeks, defying the Federal Reserve’s attempts to slow the economy and bring down inflation

The Independent UK

Shock job losses in December drive unemployment to 3.5 per cent

Unemployment is steady at 3.5 per cent, after November's jobless rate was revised higher, on the back of an estimated 14,600 jobs being lost last month.

ABC News

The Sanctions on Russia Are Working

Slowly but surely, sanctions are weakening Putin.

Foreign Affairs

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People in abortion-restrictive US states economically disempowered – study

Wages, incarceration rates and unemployment benefits access worse when compared with states allowing the procedure

The Guardian - US

U.S. weekly unemployment insurance claims fall to 205,000

New applications for U.S. unemployment insurance benefits fell 1,000 for the week ending January 7 to a seasonally adjusted 205,000. The previous week’s figure was revised up from 204,000 to 206,000. The four-week moving average as of January 7 fell to 212,500 from a revised 214,250 as of the week…

Ballotpedia

WA jobless workers living 'surrealistic nightmare' as recession looms

Even as economists are forecasting an economic slowdown and rising unemployment in Washington later this year, the state system that provides benefits to jobless workers hasn't even recovered from the last slump.

Tribune News Service

East Midlands unemployment stays low – but there are fears it could start rising

East Midlands Airport, Derby County FC and Aldi are among those looking for staff in the East Midlands

Birmingham Post

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Commentary: Think Big Tech’s thousands of layoffs indicate a coming recession? Think again

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more.

Los Angeles Times

North East is worst UK region for unemployment in new figures

The region's unemployment rate has stayed the same as last month but it has regained the unwanted title of the UK's joblessness blackspot

Chronicle Live

UK unemployment rises to 3.7%

There are now more people out of work as the cost of living crisis continues

Wales Online

Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

Tribune News Service

Being a volunteer won't land you a job. But it could improve your chances of getting one

The South African government has implemented numerous economic policies to boost employment since the democratic transition in 1994. But between 1995 and 2022 the growth in employment – from 9.5 million in 1995 to 15.8 million in 2022 – wasn’t enough to keep up with the more rapid increase of…

The Conversation

How long will we use human misery to control inflation?

An interest rate increase? On the agenda? Try eight, actually happening. Dr Lowe and his RBA colleagues did get left behind.

The New Daily

Companies still hungry for U.S. workers

The pace of jobs added each month has moderated, but there are still plentiful job opportunities for American workers.

Axios

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Axios

These major banks see a "mild recession" coming in 2023

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.

ABC News

Hospitality businesses in Ipswich struggling to stay open due to lack of workers

Despite a busy festive period, Ipswich business are closing their doors, struggling to find staff to cope with demand.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 204,000

New applications for U.S. unemployment insurance benefits fell 19,000 for the week ending December 31 to a seasonally adjusted 204,000. The previous week’s figure was revised down from 225,000 to 223,000. The four-week moving average as of December 31 fell to 213,750 from a revised 220,500 as of the week…

Ballotpedia

Kentucky unemployment insurance indexing bill takes effect

An unemployment insurance indexing law in Kentucky took effect January 1, 2023, establishing a 12-week maximum benefit period during periods of low unemployment and a 24-week maximum benefit period during times of high unemployment. The Kentucky House and Senate both voted on March 21, 2022, to override Gov. Andy Beshear’s…

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Fortune

America might just do the impossible and avoid a recession, according to top economist Mark Zandi

Moody’s chief economist says a “soft landing” for the U.S. economy is in the cards. But BlackRock’s Rick Rieder warns, “Policymakers’ ability to stick this landing for the economy and markets is still very much up in the air.”

Zenger

US Adds 223K Jobs In December As Labor Market Pressures Fed To Keep Hiking Interest Rates

The SPDR S&P 500 ETF Trust traded higher Friday morning after the Labor Department reported low unemployment numbers above 3%.

AAP

Tasmanian firey vacancies 'unforgivable'

The opposition has called for 28 Tasmania Fire Service job vacancies to be filled urgently, which the government blames on low unemployment rates.

Tribune News Service

Fed gets ‘Goldilocks’ in jobs report: Slower wage growth, solid hiring

Hopes the Federal Reserve can tame inflation without widespread job losses mounted Friday after a government report showed robust hiring and a historically low unemployment rate paired with a cooling in wage growth.

Investors Business Daily

Jobs Report: Cooler Wage Growth, Weak ISM Are Good News For Fed; Dow Jones Rises

Friday's jobs report showed solid hiring, but cooler wage growth may allow the Fed to moderate rate hikes.

WEKU

The U.S. job market is still healthy, but it's slowing down as recession fears mount

U.S. employers added 223,000 jobs in December, as the unemployment rate dipped to 3.5%. Despite some high-profile layoff announcements, the overall job market remains tight.

Asharq Al-Awsat

Tunisia Seeks 2.1% Growth Through ‘Development Plan’

Economy Minister Samir Saied said on Tuesday that the government seeks growth of 2.1 percent through the 2023-2025 development plan. In press statements, he said he predicted unemployment rate to drop from 15.3 percent to 14 percent between 2022 and 2025. Tunisia’s economy already deteriorated after the political transition in…

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