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The Latest Breaking News from Unemployment

Want higher wages? Unemployment near 50-year lows makes now the time to try to get a pay rise

After spending years commuting three hours a day to work, Tarsh Soxsmith has taken advantage of the strong jobs market to get better pay and more flexible conditions, and you might be able to too.

ABC News

Inflation Triggers Mandatory Minimum Wage Increases in California

The state’s unemployment rate is well above average, yet there’s a ballot initiative hoping to push the minimum wage to $18 an hour.

Reason

Meat industry made ‘baseless’ claims of Covid shortages to press Trump to keep plants open, report says

Meatpacking plants were kept open by a Trump-era executive order asked for by executives

The Independent UK

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Prince Charles causes chaos at JD Sports as huge crowd of well-wishers surrounds him

Prince Charles was surrounded by well-wishers during a visit to meet young people who have been on the Kickstart scheme, which was set up during the pandemic to stave off mass youth unemployment

Daily Mirror

The IRS dropped its demand to upload selfies, so why is Florida still requiring them?

FORT LAUDERDALE, Fla. — Taxpayers, lawmakers and digital privacy advocates rebelled earlier this year when the IRS announced plans to require taxpayers to upload selfies if they wanted online access to their tax records. The selfies were needed by an identity verification service, ID.me, to compare with applicants’ government-issued ID…

Tribune News Service

Even with unemployment low, wages fall behind cost of living. Can politicians get you a pay rise?

For some time, federal politicians have argued that wages will grow when unemployment is lower. But a new report finds the evidence does not support that and the best way for politicians to get workers pay rises is to change the industrial relations system.

ABC News

EXPLAINER: Recession fears grow. But how high is the risk?

Inflation is at a 40-year high

The Independent UK

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Three things that can go wrong at an illegal oil refinery in Nigeria

Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil.

The Conversation

Asian Stocks Stumble on Global Anxieties over Inflation

Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's…

Asharq Al-Awsat

Second leaders’ debate factcheck: the five biggest clangers in Morrison v Albanese

On issues ranging from aged care to the Port of Darwin, we examine the claims and counter-claims of the PM and Labor leader

The Guardian - AU

US sees 428,000 jobs added in April with unemployment steady at 3.6 per cent

‘We think the economy has enough strength to create over four million jobs this year’

The Independent UK

US employers kept up strong hiring pace in April as jobless rate held steady

Employers added 428,000 jobs with unemployment rate at 3.6%, close to its pre-pandemic low

The Guardian - US

Jobs Report: Hiring Stays Too Strong For The Federal Reserve; Dow Jones Falls

The April jobs report showed strong hiring, likely too strong for the Fed, though wage growth cooled a touch. The Dow Jones fell.

Investors Business Daily

Is the UK heading for a recession and what would that mean for my money? Explained

The Bank of England yesterday issued a stark warning to the British public that the economy is at risk of slipping into a recession as it raised interest rates to 1%

Daily Mirror

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WEKU

The US jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

WEKU

The U.S. jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

Axios

U.S. adds 428K jobs as boom continues

Tiny cracks are showing, suggesting the jobs boom could fade.

The Independent UK

Black and Asian unemployment rate more than double that of white people as recession looms

Black households face being disproportionately impacted by the cost of living crisis

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news in one place.

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Benzinga

Economic Data Scheduled For Friday

U.S. jobs report for April is scheduled for release at 8:30 a.m. ET. Analysts expect nonfarm payrolls rising 400,000 in April, compared with a three-month average growth of 562,000. The unemployment rate is expected to remain unchanged at 3.6% in April. New York Fed President John Williams is set to…

The Independent UK

Three graphs that show UK’s looming economic turmoil

Millions face unprecedented spike in energy bills and second-biggest fall in living standards since records began

The Hindu

‘Middle class affected by unemployment, polarisation’

BKC also expresses concern over Hindutva entering cultural and educational spheres

Tribune News Service

Falling jobless rate is set to complicate Fed’s inflation fight

The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.

The Independent UK

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

The Conversation

Perpetrators of family violence sometimes use threats of suicide to control their partner

Men’s suicide is often linked to social and economic factors such as financial problems, legal issues and unemployment.

Tribune News Service

Stuart Rothenberg: Inflation, recession and the 2022 midterms

With six months to go until the 2022 midterm elections, the economic indicators continue to deteriorate for Democrats. While unemployment remains low and the economy continues to grow (except for a recent hiccup that few take seriously), inflation is up dramatically, and interest rates are spiking.

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