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The Latest Breaking News from Unemployment

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

The Independent UK

Fed hikes interest rates amid rampant inflation, despite recession risk

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

France 24

Govt's income insurance plans prove polarising

Businesses and unions are at odds over the merits of a social unemployment scheme.

Newsroom.co.nz

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U.S. weekly unemployment insurance claims fall to 213,000

New applications for U.S. unemployment insurance benefits fell 5,000 for the week ending September 10 to a seasonally adjusted 213,000. The previous week’s figure was revised down from 222,000 to 218,000. The four-week moving average as of September 10 fell to 224,000 from a revised 232,000 as of the week…

Ballotpedia

Commentary: Beware: A quirk in state law could mean that California taxes federal student debt relief

Back in 2018, I was unemployed for eight months. Come April of 2019, I learned that while California doesn’t tax unemployment checks, the federal government does.

Tribune News Service

Brighter employment figures proof of recovery, claims govt

Thailand's economy shows sign of recovery, following a dip in unemployment to its lowest level since the start of Covid-19 pandemic.

Bangkok Post

Joblessness below pre-COVID levels: Finance Ministry

Q1 surge in private consumption not just a function of pent-up demand but also rising employment levels, it says

The Hindu

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Bharat Jodo Yatra: Resolve problems gripping nation, Rahul Gandhi tells Narendra Modi

ALAPPUZHA Taking potshots at Prime Minister Narendra Modi, Congress leader Rahul Gandhi on Saturday

The Hindu

Country's youth marking PM's birthday as 'National Unemployment Day', he must provide jobs: Congress

NEW DELHI: The Congress on Saturday claimed that in view of the "worrying" job situation in the country, the youth are marking Prime Minister Narendra Modi's birthday as "National Unemployment Day", and demanded that he provide employment to them as promised.

The Times of India

U.S. weekly unemployment insurance claims fall to 222,000

New applications for U.S. unemployment insurance benefits fell 6,000 for the week ending September 3 to a seasonally adjusted 222,000. The previous week’s figure was revised down from 232,000 to 228,000. The four-week moving average as of September 3 fell to 233,000 from a revised 240,500 as of the week…

Ballotpedia

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The Independent UK

Economists discount unemployment rise amid ‘bright’ jobs outlook

Australia's unemployment rate ticked up for the first time in 10 months as more Australians looking for work offset a solid rise in jobs.

The New Daily

Qld unemployment rate lowest on record

The Sunshine State has registered its lowest unemployment rate since recording began in 1978.

AAP

Australia’s unemployment rate rises slightly from 3.4% to 3.5% as more people seek work

Labour market figure will be watched by economists as a guide to Reserve Bank’s decision on whether to further raise interest rates

The Guardian - AU

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ABC News

Unemployment rises for the first time in 10 months despite continuing jobs boom

Australia's unemployment rate rises for the first time in 10 months, despite more than 30,000 jobs being added in August.

AAP

Australian jobless rate lifts to 3.5pct

The jobless rate grew to 3.5 per cent in August, lifting from the record low 3.4 per cent figure in July.

The Independent UK

American billionaires ‘lose $93bn in a day’ as new inflation figures hit markets hard

“Unemployment is low. Jobs are up. Manufacturing is good. I think we’re going to be fine,” said President Joe Biden

The Independent UK

Biden insists US economy ‘going to be fine’ after stock market plummets amid reports of continued inflation

Unemployment remains low, the president said

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The Conversation

How do we make workplaces work for autistic people?

The unemployment rate in Australia for autistic people is 34.1%, according to the most recent data. This is more than three times the rate for people with disability (10.3%) and almost eight times the rate of people without disability (4.6%).

Birmingham Post

Unemployment in Wales lowest since 1974 but economic inactivity on the rise

The unemployment rate in Wales is lower than the UK as a whole but the reverse for economic inactivity

The National (Scotland)

Scotland's unemployment drops to record low, figures show

UNEMPLOYMENT in Scotland has fallen to a record low, according to latest figures.

Insider UK

Unemployment drops to record low in Scotland

Latest official statistics show rate falling below the UK average between May and July

The Guardian - UK

UK unemployment is lowest since 1974 but workers face pay squeeze

Winter likely to be among the toughest in living memory as inflation fuels cost of living crisis

The Guardian - UK

Number of people in UK with long-term sickness rose to record 2.5m in July

Almost 400,000 have exited jobs market with long-term health problems since early 2020, ONS says

The Guardian - UK

Markets rattled and pound slides after US inflation higher than hoped in August – as it happened

Investors brace for further interest rate rises, as US CPI rose 8.3% in the year to August, dashing hopes of a larger fall, and food inflation is highest since 1979

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