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The Latest Breaking News from Unemployment

Billionaire David Rubenstein says inflation won’t fall significantly until the unemployment rate is almost double what it is now

“The Fed cannot say publicly what I can say, and what others have said, which is that until we get unemployment to about 6%, we’re not likely to get inflation down appreciably,” he said.

Fortune

Voters in Fiji election want 'skyrocketing' living costs, unemployment and social welfare to improve

Fiji's opposition parties are confident they can beat Prime Minister Frank Bainimarama and win power in the Pacific Island country.

ABC News

U.S. weekly unemployment insurance claims rise to 230,000

New applications for U.S. unemployment insurance benefits rose 4,000 for the week ending December 3 to a seasonally adjusted 230,000. The previous week’s figure was revised up from 225,000 to 226,000. The four-week moving average as of December 3 rose to 230,000 from a revised 229,000 as of the week…

Ballotpedia

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U.S. weekly unemployment insurance claims fall to 225,000

New applications for U.S. unemployment insurance benefits fell 16,000 for the week ending November 26 to a seasonally adjusted 225,000. The previous week’s figure was revised up from 240,000 to 241,000. The four-week moving average as of November 26 rose to 228,750 from a revised 227,000 as of the week…

Ballotpedia

UK labour market heads for turning point as pay growth nears peak

Wage demands likely to cool as inflation starts to head down and unemployment rises

The Guardian - UK

Unemployment rises sharply in North East as economy struggles

The unemployment rate in the region had been at record lows in the previous two months

Chronicle Live

Strikes blamed for most working days lost in more than 10 years

Pay data reveals growing gap between private and public sector

Evening Standard

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Unemployment rate rises as UK faces deepening economic gloom

New figures also signal more people are choosing to return to work

The Independent UK

'Difficult decisions needed' says chancellor as unemployment rises

Jeremy Hunt warned inflation needed to be tackled otherwise it would 'prolong the pain'

Wales Online

FTSE 100 Live 13 December: Pound rallies past $1.24 to 6-month high; US CPI inflation lower than expected at 0.1%

The UK unemployment rate today rose to 3.7% as official figures also showed no let up in the squeeze on real-terms wages.

Evening Standard

30 million in UK ‘priced out of decent standard of living by 2024’

Thinktank blames rising prices, inflation and unemployment, and called for national living income

The Guardian - UK

Ultra-low unemployment to hold firm

The latest Australian Bureau of Statistics labour force data due this week is expected to show continued high competition for workers in the jobs market.

AAP

African debt: how to break unequal relationships in financing deals

Africa is facing some impossibly difficult choices when it comes to financing its development. Countries need hundreds of billions of dollars each year to meet their climate, poverty, unemployment and inequality challenges. They cannot meet these needs only from their own resources, grants and concessional sources. They will have to…

The Conversation

Dwindling Economic Opportunities for China’s Youth Fuels Discontent

Without addressing high levels of youth unemployment, China will see a generation of lost youth who may look for disruptive ways to voice their despair.

The News Lens

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Newcastle Herald

Hunter businesses 'downbeat', new survey results show

Businesses in the Hunter region are more concerned than the NSW average when it comes to rising interest rates and energy costs, according to the latest Business Conditions Survey.

The Times of India

Winter session: Government eyes 16 bills, seeks opposition cooperation

NEW DELHI: On the eve of the winter session of Parliament, deputy leader of BJP in Lok Sabha Rajnath Singh sought cooperation from the Opposition for smooth conduct of proceedings even as leaders of various parties said they would seek discussions on issues like unemployment, inflation, border situation with China…

Dynamite News

Parliament Winter Session: Opposition Demands Dscussion On Unemployment, Price Rise; Govt Assures Debate On All Matters

On the eve of Winter Session an all-party meeting was held on Tuesday in the Parliament premises where several opposition leaders raised issues like unemployment, price rise to be taken up for discussion in the coming session. Read on for details:

Irish Mirror

Minister considering bumper maternity leave payments of potentially €500 a week

Exclusive: This will be part of a move towards a new social welfare system which is moving towards what a source called 'exactly what it says on the tin'-style payments

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The Independent UK

World’s first job guarantee trial ‘eliminates’ long-term unemployment

One man with 600 failed job applications over three years is now in work

Fortune

'Two steps forward, one step back': Experts weigh in on November’s jobs report and Powell's big inflation challenge

Persistent wage growth and a low unemployment rate may be great for Americans, but they're making the Fed's inflation fight that much more challenging.

The Guardian - US

US adds 263,000 jobs in November as unemployment rate stays at 3.7%

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

Tribune News Service

Losing pandemic benefits meant losing a lifeline for many Black and older people

Two million Californians lost their unemployment benefits last September when four pandemic-era federal programs ended. Some workers scrambled to find jobs, just as employers had hoped. But others, who’d been trying to find steady work for months, had their safety net pulled out from under them.

Tribune News Service

Continuing US jobless claims rise to highest since February

Recurring applications for U.S. unemployment benefits rose to the highest since February, suggesting that Americans who are losing their job are having more trouble finding a new one in a labor market that’s gradually cooling.

The Independent UK

Applications for jobless benefits declined last week

The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve’s aggressive interest rate hikes

Al Jazeera

India PM Modi’s home state Gujarat votes in key regional election

Opinion polls projected BJP to comfortably retain power in the state despite criticism of inflation and unemployment.

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