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SHOCKING: 50 | Mind Blowing Facts

US economy adds 206,000 June jobs as labor market cools slightly

Number is close to what was expected, as unemployment rate creeps above 4% for first time in two years

The Guardian - US

Unemployment Claims Rise, Job Market At Risk Of Slipping

Recent data shows rising unemployment claims and mixed job market signals amid economic recovery.

Top News

Dollar Slides as Weak US Economic News Bolsters Rate Cut Hopes

The dollar index (DXY00 ) Wednesday fell by -0.33% and posted a 3-week low. The dollar came under pressure Wednesday on weaker-than-expected US labor market news that showed a smaller-than-expected increase in the Jun ADP employment and a jump in weekly continuing unemployment claims to a 2-1/2 year high, a...

Barchart

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Crude Erases Early Gains on US Economic Concerns

August WTI crude oil (CLQ24 ) today is down -0.14 (-0.17%), and Aug RBOB gasoline (RBQ24 ) is down -2.83 (-1.10%). Crude oil and gasoline prices today gave up an early advance and turned lower on US economic concerns after weekly continuing unemployment claims rose to a 2-1/2 year high,...

Barchart

Dollar Falls and Precious Metals Rally on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.52% at a 2-week low. The dollar came under pressure today on weaker-than-expected US labor market news that showed a smaller-than-expected increase in the Jun ADP employment and a jump in weekly continuing unemployment claims to a 2-1/2 year high, a...

Barchart

US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week

The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest rates

The Independent UK

Paris hospitality sector faces tourism slump ahead of Olympics

Hotel occupancy rates in the French capital are well below average, as bad weather combines with Olympics-related transport hassles and price hikes to keep summer tourists away. Also, President Emmanuel Macron's planned unemployment insurance reform becomes the latest casualty of France's political upheaval – we take a closer look.

France 24

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Newcastle unemployment rate hits record low despite shrinking jobs market

The Hunter labour market is 'remarkable'.

Newcastle Herald

Donald Trump says immigration is taking 'Black jobs.' Top economists: No

The long-standing question is "settled," Harvard economist Lant Pritchett says.

Fortune

Kenya unrest: the deep economic roots that brought Gen-Z onto the streets

The generation of Kenyans born between 1997 and 2012 – the Gen-Zs – have borne the brunt of the country’s slow economic growth. If a country has slow economic growth, it typically experiences higher unemployment rates, reduced income levels and decreased investments. It leads to an overall lower living standard.

The Conversation

S&P Futures Climb as Investors Await Key U.S. Inflation Data, Nike Results Disappoint

September S&P 500 E-Mini futures (ESU24) are trending up +0.39% this morning as investors bet that the upcoming reading of the Federal Reserve’s preferred inflation gauge will strengthen the argument for lower interest rates.

Barchart

How the ‘unforced error’ of austerity wrecked Britain

The Tories’ cuts were an obvious economic blunder, but their disastrous consequences are still piling up – and there is little hope Labour will reverse the damage

The Guardian - UK

Dollar Slips on Weak US Economic Reports

The dollar index (DXY00 ) on Thursday fell by -0.14%. The dollar was under pressure Thursday after US economic news showed weekly continuing unemployment claims unexpectedly rose to a 2-1/2 year high, a sign of labor market weakness that is dovish for Fed policy. Also, weaker-than-expected US capital goods orders...

Barchart

Dollar Weakens on Fed-Friendly US Economic Reports

The dollar index (DXY00 ) today is down by -0.27%. The dollar is under pressure today after US economic news showed weekly continuing unemployment claims unexpectedly rose to a 2-1/2 year high, a sign of labor market weakness that is dovish for Fed policy. Also, weaker-than-expected US capital goods orders...

Barchart

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The Independent UK

Fewer Americans file for jobless claims, but continuing claims rise for 8th straight week

The number of Americans applying for unemployment benefits fell last week as layoffs remain at healthy levels despite elevated interest rates and inflation

International Business Times

Tunisia Town Shuttered After Libya Closes Smuggler-linked Border

Months into the closure of Tunisia's main border crossing with Libya, a haven for smugglers, shops are shuttered and unemployment has soared in the already-marginalised desert region, merchants say.

Al Jazeera

‘Britain’s on its knees’: The broken UK town backing Nigel Farage

Clacton, with high unemployment and low immigration, looks set to finally deliver the right-wing populist to parliament.

The Guardian - UK

Brussels accuses Apple of breaking EU rules; Badenoch and Reynolds clash over business – as it happened

Business secretary Kemi Badenoch and Labour opposite number, Jonathan Reynolds, debate key issues

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The Guardian - AU

The cloud of coal has long hung over the Latrobe Valley. Now nuclear power is dividing it

The valley that provides most of Victoria’s electricity also has unemployment above the state average – and the Coalition’s plan for the region has split opinion

Fortune

Gen Z are increasingly becoming NEETs by choice—not in employment, education, or training

Gen Z are ditching the rate race and opting to become NEETs—not in employment, education, or training—creating record levels of youth unemployment around the world.

Top News

US Unemployment Claims Fall, Economy Remains Resilient

Latest data from the Labor Department shows resilience in the U.S. labor market with a slight decrease in jobless claims and ongoing job security.

The Independent UK

U.S. jobless claims fall to 238,000 from 10-month high, remain low by historical standards

The number of Americans applying for unemployment benefits slipped last week

International Business Times UK

PM Modi Wants India To Be A Developed Country By 2047; Analysts Reveal 4 Things He Should Focus On To Be Successful

India's new coalition government aims to boost infrastructure and manufacturing, combat unemployment, and attract foreign investments amidst economic challenges.

The Guardian - AU

Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?

While some like to suggest another hike is needed, the RBA is not so quick to dismiss the pain the economy is already feeling

Newslaundry

Why BJP’s Lok Sabha outcome resonates with ‘Gangs of Wasseypur’

Let’s start this one with a small story.

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