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The Latest Breaking News from Unemployment

US jobless claims fall slightly, hold near eight-month high

Applications for U.S. unemployment insurance fell for the first time in four weeks but held near the highest level since November, indicating continued moderation in the labor market.

Tribune News Service

Federal Treasurer to warn cost of living 'heavy weather' coming in economic update

The Treasurer is painting a grim picture of the coming months, forecasting spiking inflation, rising unemployment and more interest rate hikes, ahead of a speech to parliament later today.

ABC News

Low unemployment and immigration levels force Queensland businesses to look interstate for workers

Low unemployment and immigration levels are putting the squeeze on small businesses, forcing them to look interstate for workers.

ABC News

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Jim Chalmers to cut economic growth estimates amid inflation ‘headwinds’

Treasurer will use state of the economy speech to trim 2021-22 growth to 3.75% and provide new inflation, wage and unemployment forecasts

The Guardian - AU

Rahul Gandhi targets PM Modi on issue of price rise

"Why a cylinder for Rs 1053? Why GST on curd-cereals? Why Mustard Oil for Rs 200? The 'king' arrested 57 MPs and suspended 23 MPs for asking questions on inflation and unemployment," Gandhi said in a tweet in Hindi. Full story on Dynamite News:

Dynamite News

South Africa has been warned that it faces an 'Arab Spring': so what are the chances?

Former South African President Thabo Mbeki recently launched a sharp critique of the governing African National Congress (ANC) for failure to address what it has labelled the triple challenge of poverty, unemployment and inequality.

The Conversation

U.S. weekly unemployment insurance claims rise to 251,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending July 16 to a seasonally adjusted 251,000. The four-week moving average as of July 16 rose to 240,500 from 236,000 as of the week ending June 9.

Ballotpedia

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Congress Protest: Denied 'Satyagraha', Congress calls it attack on democracy

Congress leader Ajay Maken said, "Around 10 years back , ED had closed this case. This case was revived again only with the intent to pressurise Opposition so that we don't raise farmers issue, price rise, unemployment and security of the country. Full story on Dynamite News:

Dynamite News

Govt hires for income insurance scheme despite timing concerns

A hiring spree for senior employees to oversee a social unemployment scheme comes despite an ongoing wait for Cabinet approval.

Newsroom.co.nz

Industrial policy options for southern Africa: scenarios set out possibilities and risks

There is a need to transform the underlying economic principles of the economies in southern African countries to address the persistent challenges of severe poverty and unemployment.

The Conversation

Social welfare Ireland: Higher dole rates for workers who lose jobs 'suddenly' could be on the way

The new rates of pay are being discussed in Government as a means of preventing people suffering a sudden loss of income after losing their job

Dublin Live

The Fed's mission improbable: Beating inflation without causing a recession

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.

WEKU

Gavin Newsom vs. Florida continues, this time over unemployment rates

SACRAMENTO, Calif. — Republicans launched the latest round of California vs. Florida Friday, warning Gov. Gavin Newsom that comparing his state’s economy to Florida’s — and, by extension, his leadership to that of Gov. Ron DeSantis — is a “comparison Newsom is likely going to regret.”

Tribune News Service

Texas’ boom-bust oil and gas business is booming for workers — for now

In the Texas oil patch, average pay has always been higher than in most industries, and it’s apparently rising fast, according to a June energy survey by the Federal Reserve Bank of Dallas.

Tribune News Service

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Newcastle Herald

Record low unemployment rates riding up against return of inflation

Storm clouds over 'full' employment

Tribune News Service

US jobless claims hit eight-month high as labor market cools

Applications for U.S. state unemployment insurance rose for a third week to the highest since November as more companies announce job cuts, suggesting some softening in the labor market.

The Independent UK

Americans filing jobless claims at highest level in 8 months

The number of Americans applying for unemployment benefits last week rose to its highest level in more than eight months, a sign the labor market may be showing some weakness

Foreign Policy

Chinese Mortgage Boycott Gains Steam

Homebuyers’ threats to stop payments on unfinished projects could deepen an ongoing real estate crisis.

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The Guardian - AU

Wages growth should be skyrocketing on the back of Australia’s low unemployment. Is the system broken?

The hope for productivity driving wages growth will only occur if the labour market truly becomes fair

Asharq Al-Awsat

Violence against Women Sparks Concerns in Algeria

A new investigation by Algeria’s National Health Institute revealed that one in ten women are experiencing violence at least six times per year. The results of the investigation showed that 69 percent of the attackers are educated males with an average age of 37 years, suggesting that “education is not…

Ballotpedia

Rhode Island auditor general reports $550 million in unemployment insurance fraud during pandemic

Rhode Island Auditor General Dennis Hoyle released a report on July 12, 2022, estimating the state paid $550 million of fraudulent unemployment insurance benefits from July 1, 2020, through June 30, 2021. The figure was up over the previous fiscal year in which the state estimated $171 million of fraudulent…

Evening Standard

FTSE 100 Live: Record pay squeeze revealed, unemployment rate holds firm

Pay in real terms is dropping faster than at any time since records began in 2001, the Office for National Statistics (ONS) revealed today.

Chronicle Live

North East unemployment falls slightly but remains highest in UK

New figures show real wages are falling nationally at the highest rate since records began in 2001

Wales Online

Unemployment falls but wages drop at fastest rate since 2001

The number of people in employment remains below pre-pandemic levels

Financial Times

Labour shortage threatens Australia’s post-pandemic resurgence

Unemployment has hit a near 50-year low but companies are struggling to find workers

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