The Latest Breaking News from Unemployment

Reserve Bank Governor Philip Lowe is getting terrible press, most of it undeserved.

New applications for U.S. unemployment insurance benefits rose 3,000 for the week ending October 22 to a seasonally adjusted 217,000. The previous week’s figure was unrevised at 214,000. The four-week moving average as of October 22 rose to 219,000 from an unrevised 212,250 as of the week ending October 15.

The US economy added 261,000 jobs in October, while the unemployment rate increased to 3.7% during the month. Investors, meanwhile, focused on some notable insider trades.

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

The real reason for last week’s rate rise was to boost unemployment and keep a lid on wage demands. But the government could instead increase the supply of labour

ATLANTA — No coach is handed a perfect team, though some teams are more imperfect than others. There are two ways to handle this. One is to shrug and say, “I need better players.” This generally leads to unemployment. The other is to do the best you can with what…

Most Americans think the U.S. is in a recession right now.

A low rental vacancy rate doesn’t mean a lack of housing, just as the jobless rate doesn’t indicate a shortage of human beings

WASHINGTON: US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Labor force participation remains below pre-Covid-19 levels

The October jobs report showed that hiring is still much too strong for the Fed, but the unemployment rate climbed to 3.7%.