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The Latest Breaking News from Unemployment

WA's stolen unemployment money trickling in 3 years later

Nearly three years after thieves stole $645 million in pandemic unemployment benefits from Washington state, investigators are still clawing back funds frozen in fraudsters' bank accounts.

Tribune News Service

Lowest jobless tally since 1974 adds rate pressure on Bank of England

Unemployment dropped from 3.6% to 3.5% in the three months to August

Evening Standard

Record number of Scottish women in work

The overall unemployment rate also dropped to 3.3% from June to August

Insider UK

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UK unemployment falls but number of long-term sick rises to record high

Jobless level lowest since 1974 but pay growth still failing to keep pace with soaring inflation

The Guardian - UK

North East unemployment rate hits record low, new figures show

The North East no longer has the highest unemployment in the UK, though rates of economic inactivity remain high

Chronicle Live

FTSE 100 Live: Unemployment dips to 3.5%, Bank of England ramps up intervention

The UK unemployment rate remains at its lowest in nearly 50 years after figures today showed a dip to 3.5% in the three months to August.

Evening Standard

What Friday's jobs report means for Fed's inflation fight

For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose

The Independent UK

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US jobs rise while unemployment drops, keeping pressure on Fed

U.S. employers continued to hire at a solid pace last month and the jobless rate unexpectedly returned to a historic low, indicating a sturdy labor market that puts the inflation-focused Federal Reserve on course for another outsize interest-rate hike.

Tribune News Service

Stocks sink despite Friday's report that hiring cooled in September

A new jobs report showed a modest slowdown in hiring last month that was not enough to soothe Wall Street's worries about inflation and the Fed. The unemployment rate edged down to 3.5%

WEKU

U.S. weekly unemployment insurance claims rise to 219,000

New applications for U.S. unemployment insurance benefits rose 29,000 for the week ending October 1 to a seasonally adjusted 219,000. The previous week’s figure was revised down from 193,000 to 190,000. The four-week moving average as of October 1 rose to 206,500 from a revised 206,250 as of the week…

Ballotpedia

US midterm elections: Five economic issues to watch

Inflation is on the minds of American voters as they head to the polls next month to decide who will control Congress.

Al Jazeera

US jobless claims rise by more than forecast to 219,000

Applications for U.S. unemployment insurance rose by more than forecast last week, though remained at a historically low level.

Tribune News Service

More Americans apply for jobless benefits last week

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy

The Independent UK

Michael Hiltzik: How did America get addicted to a policy that fails everyone but the rich?

Here's the central riddle of U.S. politics since the Great Depression:

Los Angeles Times

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Tribune News Service

Job openings in Washington grew rapidly this summer. That's not good news

This summer, more companies posted job openings in Washington state than almost anywhere else in the U.S., indicating inflation is likely to persist as labor shortages continue.

The Independent UK

Young men feel most ‘threatened’ by progress in women’s rights, study finds

‘Some research suggests that this feeling of injustice can even motivate citizens to vote for right-wing radical parties who are against feminism and sexual freedom,’ says researcher

Miami Herald

Editorial: Receiving Florida unemployment benefits better be easier for Ian’s victims than it was for COVID’s

Those left jobless by Hurricane Ian, mainly the thousands of people who worked in the tourism industry in Sanibel, Fort Myers and Naples and Pine Island, are about to learn whether the state’s improved unemployment website will handle the load more effectively than it did during the COVID-19 pandemic. It…

The Conversation

Kenya’s new finance minister has good credentials but he can't work miracles

President William Ruto has nominated Njuguna Ndung'u to head Kenya’s National Treasury. A Central Bank of Kenya governor for eight years between 2007 and 2015, Ndung'u is also an accomplished researcher and a University of Nairobi academic. He has extensive expertise in macroeconomics (inflation, economic growth, national income and unemployment)…

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The Hindu

Poverty, unemployment are demons in today’s world: RSS

India should address economic inequality, says general secretary Hosabale

The Hindu

India's unemployment rate drops to 6.43% in September: CMIE

The unemployment rate in the rural areas fell to 5.84% in September from 7.68% in August, while in the urban areas it dropped to 7.70% against 9.57% in the previous month.

Los Angeles Times

Michael Hiltzik: Did the pandemic finally give working Americans power over their employers? Not really

Labor advocates have been feeling their oats lately, what with a surge of successful union organizing drives at Starbucks stores, the hint of union interest at Amazon warehouses, higher minimum wage standards in cities and states across the country, and a nudge up of average wages across the board.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 193,000

New applications for U.S. unemployment insurance benefits fell 16,000 for the week ending September 24 to a seasonally adjusted 193,000. The previous week’s figure was revised down from 213,000 to 209,000. The four-week moving average as of September 24 fell to 207,000 from a revised 215,750 as of the week…

The Guardian - UK

Worcester players turn against owners after statement blaming squad

Worcester’s players reacted angrily after the club’s owners blaming the squad and supporters for the club’s financial plight

The Conversation

Liz Truss: are the Conservatives facing an electoral meltdown?

The Conservative party is heading into its annual conference amid the catastrophic fallout from Chancellor Kwasi Kwarteng’s mini-budget. The decision to cut tax without a plan to pay for it caused a sharp fall in the value of the pound on currency markets, which reached an all-time low against the…

Tribune News Service

Ramesh Ponnuru: The moral case for higher interest rates

Federal Reserve Chair Jerome Powell’s efforts to cool down the economy are causing progressive criticism to heat up. He has been accused of wanting a “brutal” recession, trying to “throw millions of Americans out of work” and using “dangerous” rhetoric. And those are the comments of just one senator, Elizabeth…

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