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The Latest Breaking News from Unemployment

U.S. weekly unemployment insurance claims rise to 242,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending April 29 to a seasonally adjusted 242,000. The previous week’s figure was revised down from 230,000 to 229,000. The four-week moving average as of April 29 rose to 239,250 from a revised 235,750 as of the week…

Ballotpedia

‘Youth declaration’ focuses on yearly filling of posts, unemployment dole

The Hindu

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

The Guardian - AU

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‘They’re sacrificing us’: a California town feels ignored months after flood

The small, agricultural town of Planada was inundated amid a wave of intense storms this winter. Residents, many of whom are undocumented, say they have been neglected

The Guardian - US

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

The Independent UK

Why Are Bear Market Odds on the Rise?

The S&P 500 (SPY) has been up, down and all around this past week thanks to the Fed statement followed by the Government Employment report on Friday. On some levels nothing has changed in the market outlook. However, looking further down the road some important things happened this week that…

StockNews.com

Extra billions flowing into budget but real wages not tipped to grow for another year

Workers will have to wait another year before their wages outstrip the rising cost of living, according to Treasury forecasts to be released next week.

ABC News

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Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Fortune

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Kiplinger

Price rise, unemployment pain points in Karnataka; people wary of freebies, poll promises

After travelling across the Mumbai-Karnataka region for a week, we are shifting base to bring you stories from another north Karnataka belt – the Hyderabad-Karnataka region. And, to top it, our train journey from Hubli to Bellary coincided with the release of BJP and Congress election manifestos.

Newslaundry

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

WEKU

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

The Conversation

Ireland reaches full employment as unemployment rates drop to record low

Data from the Central Statistics Office (CSO) showed that unemployment levels in April dropped to 3.9 per cent

Irish Mirror

April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

The Independent UK

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The Independent UK

California companies pay higher taxes for unemployment debt

California businesses are paying higher taxes this year to help pay off the state's unemployment debt

The Guardian - AU

Jobseeker: what we know before the budget, who will benefit and who won’t

Under consideration is a lift in welfare payments for the over-55s but critics say too many younger people would miss out

The Conversation

47% of South Africans rely on social grants - study reveals how they use them to generate more income

South Africa has one of the world’s most expansive social grant system: 47% of the population relies on a monthly grant. Of these, 18 million are permanent beneficiaries and about 10 million receive a temporary Social Relief of Distress Grant. This was introduced during the Covid-19 pandemic for working age…

ABC News

Anger over modest JobSeeker boost for over 55s while younger and Youth Allowance recipients look set to miss out

Young Australians and social services advocates are dismayed the federal budget looks set to include a modest boost to the JobSeeker payment, but only for those over 55.

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Ballotpedia

Wisconsin Assembly passes unemployment insurance indexing bill

Wisconsin lawmakers on April 25 passed several bills related to unemployment insurance, including one that would index the length of unemployment insurance benefits to the state’s unemployment rate. Assembly Bill 153 would reduce the maximum number of benefit weeks to 14 during times when the unemployment rate is at or…

The Hindu

Youth wings scramble to woo youngsters in Karnataka

Ahead of the Karnataka Assembly elections, the youth wings of all three major political parties — BJP, Congress and Janata Dal (Secular) — in Karnataka are trying to engage with young voters.

The Hindu

CM Khattar accuses Opposition of misleading people over Haryana’s ‘unemployment’

Hitting out at the Opposition parties, the Haryana Chief Minister Manohar Lal Khattar has dismissed their accusations over ‘high unemployment’, saying unemployment in Haryana is only between 5-6%.

The New Daily

Michael Pascoe: How the RBA is making inflation worse

Is there a better example of the deficiencies of monetary policy than the RBA prolonging higher rent inflation by lifting rates to theoretically reduce inflation?

Barchart

S&P Futures Tick Lower Ahead of Key U.S. Inflation Data

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

Dollar Slightly Higher as Bond Yields Climb

The dollar index (DXY00 ) on Thursday rose by +0.02%. The dollar Thursday posted modest gains. Higher T-note yields Thursday underpinned the dollar. T-note yields rose Thursday after weekly U.S. initial unemployment claims unexpectedly fell, and the Q1 core PCE deflator rose more than expected. Strength in stocks Thursday curbed...

Kiplinger

How to Financially Get Through A Layoff

Losing your job can be traumatic, but it doesn’t have to wreck your finances.

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