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MYSTERIOUS: 65 | Mind Blowing Facts

Inflation, Unemployment Weigh On DR Congo Leader's Economic Gains

President Felix Tshisekedi, who once vowed to transform DR Congo into "the Germany of Africa", has promised to create jobs if he is re-elected, after a first term marked by economic growth but soaring inflation.

International Business Times

U.S. weekly unemployment insurance claims rise to 218,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending Nov. 25 to a seasonally adjusted 218,000. The previous week’s figure was revised up by 2,000 to 211,000. The four-week moving average as of Nov. 11 fell 500 from the previous week’s revised average to 220,000.

Ballotpedia

Stocks Mixed as Higher Bond Yields Weigh on Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.77%. Stocks this morning are mixed, with the Dow Jones...

Barchart

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Applications for US jobless benefits rise modestly, but continuing claims are most in 2 years

Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years

The Independent UK

Stocks Rise Before the Open as Key U.S. Inflation Data Looms

December S&P 500 futures (ESZ23) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.23% this morning as market participants looked ahead to a reading on the Federal Reserve’s preferred inflation metric.

Barchart

Stocks Move Higher Before the Open as Key U.S. Inflation Data Looms

Barchart

Yes, Heavy Regulation Hurts the Economy. Just Look at France.

We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?

Reason

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Why Newcastle unemployment rate halving in just a month is bad for business

Under normal circumstances, it would be cause for celebration.

Newcastle Herald

Unemployment rate in urban areas has come down: survey

Conducted by the Labour Ministry, the Periodic Labour Force Survey (PLFS) defines unemployment rate as the percentage of persons unemployed among the persons in the labour force

The Hindu

Why are these young Chinese graduates working as street vendors?

The unemployment rate for 16 to 24-year-olds in Chinese cities hit a record high of 21.3% in June. There are no figures since then, because the government decided to stop announcing them. With white-collar jobs hard to come by, more and more young graduates are taking jobs as street vendors.…

France 24

Why the Opioid Crisis Is Rooted in the Housing Crisis

A prevalent narrative asserts that the tents, the despair, the not waking up are about mental illness and addiction. That narrative crumbles after the first questions

The Walrus

Telangana’s unemployment rate highest in the country, says Jairam Ramesh

Telangana formed on slogan of jobs and water, yet has highest unemployment rate in country. Jairam Ramesh blames BRS govt for not providing jobs and playing with youth's lives. KTR focused on wealth growth in Hyderabad only, while Telangana struggle was to develop small towns. Credit to Sonia Gandhi and…

The Hindu

Telangana’s unemployment woes: What data says about the last nine years

Boda Sunil Naik, an unemployed tribal man, died by suicide in 2021 after blaming the Telangana government for delaying government job notifications. In a video filmed before his death, Sunil urged Telangana’s unemployed youth to continue fighting against Chief Minister K Chandrashekar Rao.

Newslaundry

U.S. weekly unemployment insurance claims rise to 231,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending Nov. 11 to a seasonally adjusted 231,000. The previous week’s figure was revised up by 1,000 to 218,000. The four-week moving average as of Nov. 11 rose 7,750 from the previous week’s revised average to 220,250.

Ballotpedia

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The Hindu

BRS mismanaged the economy: Chidambaram

Chidambaram charges BRS govt with mismanaging economy, leading to ₹3.66 lakh crore debt in 2022-23. Per capita debt at ₹96,316, education & health sectors neglected. Highest rate of inflation & fuel prices in country. Unemployment allowance of ₹3,016 not given. People desire change in govt.

The Guardian - AU

Australian economy adds twice as many jobs as expected as unemployment rate rises to 3.7%

Employers added a net 54,900 jobs in October as economy’s resilience contributed to tight labour market

France 24

Xi-Biden meeting highlights trade ties between China and US

As Chinese President Xi Jinping lands in San Francisco to attend the APEC summit and meet with his US counterpart Joe Biden, we take a look at the economic relationship between the two countries. In spite of tensions leading to trade restrictions and counter-measures, the two nations' trade was still…

USAFacts

How many immigrants are in the American workforce?

Of the 169 million workers in the United States, more than 32 million are immigrants. That's over 19% of the workforce.

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France 24

Paris Olympics 2024: A game changer for Seine-Saint-Denis?

The Paris Olympic Games could be dubbed the “Seine-Saint-Denis Olympics”. Next summer, one of France’s most notorious neighbourhoods will host around 70 Olympic competitions. All eyes will be on the impoverished area. The event raises a lot of hope, but also a lot of anger, as 16 million tourists are…

The Guardian - UK

UK jobs market dodges hit from economic slowdown

ONS finds unemployment rate broadly unchanged and real wages rising thanks to falling inflation

Evening Standard

FTSE 100 Live: Flat US inflation powers shares as London blue-chips close up 0.2%, BT cuts pension deficit

UK inflation fell to just 4.6%, its lowest level since 2021, in a key political victory for Rishi Sunak as well as a win in the Bank of England's battle to get prices back under control.

France 24

Liberians vote in presidential run-off between George Weah and Joseph Boakai

Liberia is gearing up for the run-off presidential election on Wednesday. President George Weah is fighting to keep his job as he faces stiff competition from former vice president Joseph Boakai. The election is a rematch of 2017 – when Weah defeated Boakai with 61 percent. But since then, some…

The Hindu

Young India fed up with Modi govt's betrayal: Congress

Congress accuses Modi govt/BJP of crushing India's youth dreams/aspirations. Young India fed up with "rank betrayal" of Modi govt. Aspired for jobs, got 45-yr high unemployment. Wanted economic empowerment, got price rise reducing savings to 47-yr low. Yearned for justice, got economic inequality. Sought safe India, got rising crimes against…

The Conversation

William Ruto's first year: he promised to make life easier for Kenyans, but things got worse

It’s more than a year since President William Ruto was sworn into office as Kenya’s fifth president. He assumed power at a time when Kenya was beset by rising food and fuel prices, high unemployment and a worrying debt burden.

AAP

Spending wanes as consumers wait for next big event

Major events have been keeping spending elevated, with consumption in retreat throughout a quieter month.

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