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The Latest Breaking News from Unemployment

Fighting inflation doesn’t directly cause unemployment – but that's still the most likely outcome

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 Conversation

We’ve a dire lack of workers, and putting a load of them on the dole won’t help

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

The Guardian - UK

Mark Bradley: The Falcons, dare we say, have gotten smart

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…

Tribune News Service

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Is the US already in a recession? Economists and biz leaders disagree

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

Tribune News Service

Why do we have such low rental vacancy? It doesn’t mean a shortage of houses

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

The Guardian - AU

US job growth still robust

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.

Bangkok Post

US economy adds 261,000 jobs in October, unemployment rises to 3.7 per cent

Labor force participation remains below pre-Covid-19 levels

The Independent UK

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US adds 261,000 jobs in October as unemployment rate rises slightly

Final jobs report before midterms shows jobless rate at 3.7%, a day after Federal Reserve announced further interest rate hike

The Guardian - US

Reserve Bank warns Australians to brace for tough years ahead to get inflation under control

The Reserve Bank expects a couple of tough years for Australians, with real wages continuing to fall as inflation persists, economic growth slows and unemployment starts to rise.

ABC News

Deeper US recession looms as resilient labor market spurs Fed

The odds of a U.S. recession are rising. And the chances it will be mild are falling.

Tribune News Service

US jobless claims hold near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy.

Tribune News Service

US Jobless Claims Still At Historic Lows, But Will Fed's Rate Hike Spur Layoffs?

U.S. initial jobless claims ticked lower last week, but not by much. Unemployment insurance filings still remain near historically low levels.

Benzinga

Women and youth dragged into the labour force

Rising wages and pressure on household finances are forcing people into the workplace who would prefer to be home with their families or studying to provide NZ a high-skilled workforce.

Newsroom.co.nz

India's unemployment rate rises in October: CMIE data

NEW DELHI: India’s overall jobless rate climbed in October, led by a sharp rise in rural unemployment after the end of harvest of monsoon-sown crops, according to a private research firm.

The Times of India

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Benzinga

Larry Summers Says US Facing Complex Challenges: 'Curbing Inflation Comes First, But We Can't Stop There'

Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is not as grave as the 2009 financial crisis or inflation during the 1970s.

Dynamite News

Politics: Legacy Of Modi Govt After 8 Years No Jobs, Says Chidambaram

The Congress has been attacking the government over alleged lack of jobs for the youth and rising unemployment. Read on for details:

Financial Times

The Fed’s dilemma: how long to ‘keep at it’ on inflation

Amid conflicting economic signals and with midterms looming, the US central bank weighs a critical decision over interest rates

ABC News

Young people in Port Moresby pushed to breaking point as Papua New Guinea grapples with unemployment crisis

Papua New Guinea's capital Port Moresby is grappling with a youth unemployment crisis, with some young people applying for hundreds of jobs after graduating from university, with only a handful of interviews to show for it.

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The Conversation

Nigeria's education for entrepreneurs needs to keep it real, not just in the classroom

Africa is home to over 200 million people aged between 15 and 24, according to UN data. The continent has the largest population of young people in the world.

The Independent UK

US unemployment claims inched higher, but remain very low

Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy

Daily Record

Ukrainian refugees living in Falkirk hotel offered free employment training courses

The workshops have been organised by a community group aimed at reducing poverty and unemployment, to help the refugees find jobs in the local area.

Reason

The 'Experts' Were Never Going To Fix Inflation

The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.

Tribune News Service

‘Winter is coming’: Commercial property sector plans for recession

DALLAS – Commercial real estate industry leaders are preparing for tougher times – tighter lending, higher interest rates and likely a recession.

France 24

New PM named in Iraq: Iraqis hope for change after year of political deadlock

After a year of political gridlock and instability, Iraq is finally on the verge of forming a government as Prime Minister-designate Mohammed Shia al-Sudani assembles his cabinet. But three years after a mass protest movement over corruption, unemployment and a lack of basic services upended the country's political system, many…

Ballotpedia

U.S. weekly unemployment insurance claims fall to 214,000

New applications for U.S. unemployment insurance benefits fell 12,000 for the week ending October 15 to a seasonally adjusted 214,000. The previous week’s figure was revised down from 228,000 to 226,000. The four-week moving average as of October 15 rose to 212,250 from a revised 211,000 as of the week…

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Cordarrelle Patterson

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University of San Diego

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