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The Latest Breaking News from Unemployment

What does high immigration mean for the government's popularity? What data on voting habits tells us

The news from the Office of National Statistics that net migration reached a record high of 606,000 in 2022 is likely to have embarrassed the government, particularly the home secretary, Suella Braverman. For years, successive prime ministers have promised reductions in net migration, but without much success in delivering them.

The Conversation

Africa, Middle East driving growing ’employment divide’, UN says

Low-income countries will not see unemployment rates recover to pre-pandemic levels in 2023, ILO says.

Al Jazeera

China’s 11.6m graduates face a jobs market with no jobs

With youth unemployment at a record high, the problem of overeducated young people is acute

The Guardian - UK

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Closing the First Nations employment gap will take 100 years

In 2008 Australia’s federal, state and territory governments set the goal of halving the employment gap between First Nations Australians and others within a decade. That required, by 2018, lifting the employment rate for First Nations Australians from 48% to 60%, with the rate for other Australians being 72%.

The Conversation

Ireland in midst of jobs boom as as unemployment figures plummet to record low

There are now more people at work in Ireland than there were at the height of the Celtic Tiger.

Irish Mirror

Stock Index Futures Move Lower as U.S. Debt Ceiling Vote Looms, China Data Disappoints

June S&P 500 futures (ESM23) are down -0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.18% this morning as market participants digested weak Chinese manufacturing data while nervously awaiting the final vote on the U.S. debt ceiling deal.

Barchart

U.S. weekly unemployment insurance claims rise to 229,000

New applications for U.S. unemployment insurance benefits rose 4,000 for the week ending May 20 to a seasonally adjusted 229,000. The previous week’s figure was revised down by 17,000 to 225,000. The four-week moving average as of May 20 was unchanged from the previous week’s unrevised number at 231,750.

Ballotpedia

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Where are the jobs? India's world-beating growth falls short

On a hot summer afternoon, 23-year old Nizamudin Abdul Rahim Khan is playing cricket on a muddy, unpaved road in the Rafiq Nagar slum in India's financial capital, Mumbai.

Reuters

'I make £43k a year doing a job no one wants - I find it rewarding and anyone can do it'

A man who went from unemployment and suffering depression to earning £43,000 in 2021 has proved you don't need a university degree to earn a decent salary in the UK

Daily Mirror

April unemployment figures show drop in nearly two-thirds of Kentucky counties

Kentucky’s April unemployment statistics were released Friday and show the jobless rate fell, compared to a year ago, in nearly two-thirds of the state’s counties

WEKU

Hunter unemployment rate 'defying gravity' amid economic headwinds

The Hunter's jobless rate is falling at a time when the national rate is rising.

Newcastle Herald

Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country's future

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

The Conversation

Welcome reduction in unemployment figures in one region of Ayrshire

There's a big summer push on at the moment to help fill vacancies across a variety of sectors.

Daily Record

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

New applications for U.S. unemployment insurance benefits fell 22,000 for the week ending May 13 to a seasonally adjusted 242,000. The previous week’s figure was unrevised at 264,000. The four-week moving average as of May 13 fell to 244,250 from an unrevised 245,250 as of the week ending May 6.

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The Guardian - UK

Greek PM’s election win driven by recovery from economic crisis

The electorate have credited Kyriakos Mitsotakis and his conservative party with building back from disaster

Tribune News Service

Commentary: What we can learn from an earlier inflation-employment conundrum

America’s unemployment now stands at a 54-year low of 3.4%, a useful reminder that our post-COVID economy is similar to the post-World War II economy of 1947-1949. Much like today, that generation faced a tricky combination of high inflation and low unemployment. Our predecessors brought inflation down without significantly breaking…

Bangkok Post

Jobless rate lowest in 3 years as tourism rebounds

Thailand's unemployment rate hit a three-year low in the first quarter, the state planning agency said on Monday, declining to 1.05% from 1.15% in the last three months of 2022 as recovery in the crucial tourism industry strengthened.

Tribune News Service

More than a dozen US states boast best job markets in their history

For all the talk of a slowdown in the US economy, more than a dozen U.S. states have the best job markets in their history.

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Birmingham Post

Strong showing by Northern Ireland job market defies expectations

Unemployment rate just 0.1% above the level it reached in the first quarter of 2020

ABC News

Australia past 'peak tightness' in labour market, economists say

Rising unemployment and falling job vacancies may be signalling a turning point in Australia's labour market, economists say.

Tribune News Service

US jobless claims tumbled last week after fraud-inflated jump

Applications for U.S. unemployment benefits fell by the most since 2021 after fraudulent claims in at least one state boosted the numbers in previous weeks.

The Independent UK

Persistently high inflation is causing a split among Federal Reserve officials over next steps

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022

The New Daily

‘Significantly weaker’: Unemployment rise sparks fears for Australian jobs

A surprise uptick in unemployment in April has stoked fears the labour market may be starting to turn, as forecasts predict a jobs downturn.

The New Daily

Watch: UN’s climate alarm; children from bus horror remain in hospital

Watch: Australia's unemployment rate has risen to 3.7 per cent. China's Ambassador to Australia has confirmed has confirmed Beijing will lift ban on

Newsroom.co.nz

Budget 2023: ECE expansion, prescription changes in 'pragmatic' plan

The Finance Minister has unveiled a measured Budget as New Zealand is forecast to avoid recession - but low growth and peak unemployment expected to hang around.

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