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DARK SECRETS: 66 | Vintage Vibes

The 'R' word: Why this time might be an exception to a key recession rule

The author of the 'Sahm Rule' is less worried about rising unemployment this time, even though October's rate was up 0.5% from a recent low...a jump typically associated with the onset of recession.

WEKU

Durai Vaiko flays Governor Ravi for remarks on MGNREGS

MDMK's Durai Vaiko takes exception to Gov. R.N. Ravi's reported suggestion to do away with MGNREGS, alleging BJP govt. expressed desire through Governors. Scheme has benefited rural poor & SC/STs; reduction in funds creates uncertainty over livelihood. 16cr workers registered; ₹2.7L cr needed, but only ₹60K cr allotted. BJP's approach…

The Hindu

Dollar Extends Decline on Weak U.S. Unemployment Report

The dollar index (DXY00 ) Friday fell by -0.98%, adding to Thursday’s decline of -0.71%. EUR/USD (^EURUSD ) rose by +0.96%. The euro was supported by dollar weakness and was able to shake off weak Eurozone economic news. USD/JPY (^USDJPY ) fell by -0.72%. The dollar on Friday fell sharply...

Barchart

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Jobs Growth Slowed Sharply in October: What the Experts Are Saying

A soft jobs report keeps the Fed on track to leave interest rates unchanged next month.

Kiplinger

Crude Oil Falls on Weaker-Than-Expected U.S. Unemployment Report

December WTI crude oil (CLZ23 ) today is down -1.18 (-1.43%), and Dec RBOB gasoline (RBZ23 ) is down -0.0503 (-2.24%). Crude oil and gasoline prices are sharply lower after today's weak U.S. unemployment report reinforced the idea that the U.S. economy is headed for a significant slowdown. Crude prices...

Barchart

Today’s Unemployment Report Might Be the Nail in the Coffin for Fed’s Rate-Hike Regime

Today’s weaker-than-expected U.S. unemployment provided strong support for this week’s theme that the Fed’s rate-hike regime is likely over. Oct U.S. payrolls rose by +150,000, weaker than expectations of +180,000, and Sep payrolls were revised lower to +297,000 from +336,000. Also, the Oct U.S. unemployment rate rose by +0.1 points...

Barchart

Stocks Rally as Treasury Yields Plunge on U.S. Unemployment Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. Stocks today extended the sharp rally that began after...

Barchart

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‘Manifesto bigger or people?’: Cong minister faces local anger over unfulfilled liquor ban promise, jobs

Chhattisgarh excise minister and five-time Konta MLA Kawasi Lakhma is facing a challenge on his home turf in Sukma district this time. The reason? Growing unemployment and the Congress’s unfulfilled poll promise to ban liquor in the state. A Congress worker says Lakhma, popularly known as “Daadi” in the region,…

Newslaundry

Markets Today: Stocks See Support after Treasury Yields Plunge on U.S. Unemployment Report

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.37%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.23%. Stock index futures this morning are mildly higher after Treasury yields plunged on this morning’s weaker-than-expected U.S. unemployment report. The 10-year T-note yield is down by another...

Barchart

Dollar Tumbles on Speculation the Fed’s Rate Hikes Are Over

The dollar index (DXY00 ) Thursday fell by -0.70% and posted a 1-week low. The dollar was under pressure Thursday after Wednesday’s post-FOMC meeting comments from Fed Chair Powell bolstered speculation the Fed is done with its rate hiking cycle. Losses in the dollar accelerated on Thursday’s U.S. economic reports...

Barchart

In a hot oil and gas economy, a West Texas welder charts his own course one cup of coffee at a time

Fabian Maldonado has supported his Odessa family for years on his welding salary. Wanting more, he’s gambling that a mobile coffee trailer can withstand the booms and busts of the industry.

The Texas Tribune

Stocks Climb on Hopes the Fed is Done Raising Interest Rates

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.49%. Stock indexes this morning are moderately higher, with the...

Barchart

Stock Index Futures Climb on Hopes of End to Fed Rate Hikes, Apple Earnings on Tap

December S&P 500 futures (ESZ23) are up +0.50%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.70% this morning as market participants weighed the possible peak of the Federal Reserve’s historic tightening campaign and looked ahead to an earnings report from Apple.

Barchart

‘Fight against BJP symbol’: Dantewada Cong candidate on jobs, nepotism, Maoism

Newslaundry and The News Minute are on the ground in Chhattisgarh’s Dantewada, where Chhavindra Karma is contesting the election on a Congress ticket against BJP’s Chetram Arami. His father Mahendra Karma was among several Congress leaders who were killed by Maoists in 2013. Dantewada, which is an ST constituency, has…

Newslaundry

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Ballotpedia

U.S. senators introduce bill seeking changes to unemployment insurance program

Senate Finance Committee Chairman Ron Wyden (D-), U.S. Senator Michael F. Bennet (D-Colo.), and U.S. Representative Don Beyer (D-Va.) and a coalition of six Democratic and Independent senators on October 26 introduced a bill proposing several modifications to the joint federal-state unemployment insurance program.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 210,000

New applications for U.S. unemployment insurance benefits rose 10,000 for the week ending Oct. 21 to a seasonally adjusted 210,000. The previous week’s figure was revised up by 2,000 to 198,000. The four-week moving average as of Oct. 21 rose 1,250 from the previous week’s revised average to 207,500.

AAP

New Zealand unemployment rises to 3.9 per cent

Unemployment in New Zealand has grown by 0.3 per cent in the latest quarter to 3.9 per cent, in line with expectations.

Newcastle Herald

Thousands of Novocastrians are taking on full-time roles, so why are unemployment rates continuing to grow?

'Businesses are still looking for people on a casual and part-time basis.'

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The Conversation

Why it's so hard to be young in Britain right now

If you’re taking the first steps in your career right now, you’re doing so in the face of a high cost of living and an increasingly inaccessible housing market. You may well be facing the reality that you will be worse off than your parents’ generation.

The Hindu

KCR owes an explanation to youth on unemployment before seeking votes: BJP

The infuriated youth are sure to send the ruling BRS party out of Pragati Bhavan to the farmhouse, and not give them a third term, said Telangana BJP president G.Kishan Reddy

The Walrus

Point of No Return

Young Canadians face too many barriers to entry into the job market—an issue that could reverberate through the economy for years to come.

The Hindu

After caste-based survey report, Nitish focuses on employment with mega event to issue job letters to 1.22 lakh teachers

With unemployment widely considered the biggest poll issue in Bihar, the Nitish Kumar-led government hopes to convey that it is serious about creating job opportunities within the State

The Hindu

Unemployment rate in Telangana stood at 15.1%: Vamshichand Reddy

AICC Sec. Reddy claims Telangana's unemployment rate is 15.1%. He alleges BRS govt failed to provide promised unemployment dole & shelved Congress' schemes. He said govt hid 1.91 lakh vacancies & 64.9% vacancies in higher edu. He urged people to reject BRS in polls for Telangana's martyrs.

Ballotpedia

California governor vetoes unemployment insurance benefits for striking workers

California Governor Gavin Newsom (D) on September 30 vetoed a bill that would increase labor protections for striking workers.

The Hindu

Modi government has no vision for future, says Priyanka at rally in Rajasthan

Congress’ Priyanka Gandhi Vadra slams Modi govt for lack of vision, unemployment & privatisation of PSUs. Ashok Gehlot announces ₹10,000 annual financial aid for women ahead of assembly polls.

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