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INSANE: 48 | Vintage Vibes

Dollar Gains on Weakness in the Euro and British Pound

The dollar index (DXY00 ) today is up by +0.13%. The dollar today recovered from a 3-week low and is moderately higher on weakness in the euro and British pound. The euro fell to a 4-week low on dovish ECB comments, and the British pound fell to a 3-1/2 week...

Barchart

Unemployment Claims Rise, But Remain At Healthy Level

Learn about the recent increase in US unemployment claims and its implications on the economy.

Top News

The number of Americans filing for jobless claims hits highest level in a year

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy

The Independent UK

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Stock Index Futures Climb as Focus Shifts to Fed, U.S. ADP Jobs Report and Meta Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.98%, and September Nasdaq 100 E-Mini futures (NQU24) are up +1.57% this morning as expectations mounted that Fed Chair Jerome Powell might signal a potential rate cut for September, while investors also awaited a fresh batch of U.S. economic data and an…

Barchart

Youth-Led Protests Sweep Across Africa Against Corruption And Unemployment

Youth-led protests in Africa demand economic reforms, accountability for corruption, and governance improvements, sparking concerns of potential unrest spr...

Top News

Today's Fed meeting is merely a warm up act for September according to Wall Street—but they shouldn't count their chickens just yet

Wall Street analysts are not waiting to hear the outcome of today's FOMC discussions. Instead, they want after clues about Q3.

Fortune

Do you run a business? time to check your tech ahead of 3G switch

Devices connected to 3G will generally stop functioning after August 31.

Newcastle Herald

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Wall Street is worrying about the ‘Sahm Rule,’ which predicts recessions—but its creator is not, yet

Claudia Sahm is cautioning against reading too much into her famous rule that suggests the U.S. is on the brink of a recession.

Fortune

Unemployment figures paint a mixed picture for the Hunter

Business Hunter boss Bob Hawes breaks down the numbers.

Newcastle Herald

FactCheck updates how the US has performed under Biden - Roll Call

From FactCheck.org: how the U.S. has fared under Joe Biden under a broad array of measurements, including economics and immigration.

Roll Call

Even September may be too late for a rate cut to swing the U.S. economy out of a recession, warns former Fed president

"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk."

Fortune

US Weekly Jobless Claims Fall, But Remain Elevated

Weekly jobless claims drop, but continuing claims rise, indicating challenges in job market amid inflation control measures.

Top News

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels

The Independent UK

A second Trump presidency would send Australia down a dark economic path. Here’s how it might play out

Under Trump’s tariff plans, our GDP would take a hit amid a nightmare trade war – and while we’re at it, forget emissions reductions or global agreements

The Guardian - AU

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Dynamite News

"Modi govt has increased unemployment in last 10 years": SP Chief Akhilesh Yadav criticises Union Budget

SP chief Akhilesh Yadav criticised the Union Budget presented by FM Nirmala Sitharaman, saying that the budget is a way to retain power as it mentioned a special project for Bihar and Andhra Pradesh. Read further on Dynamite News:

International Business Times

Theme Park's Novel Bid To Fix South Korea Youth Unemployment

At a kids' role-playing theme park in Seoul, 23-year-old Park Woo-joo is on a very adult mission: the university-educated but unemployed South Korean is searching for his future career.

Top News

Jobless Benefits Increase As Labor Market Softens

US labor market shows concerning trend with rise in unemployment benefits recipients, raising questions about economic health and job market sustainability.

Top News

U.S. Unemployment Claims Rise, Fed Monitoring For Rate Cuts

US jobless claims rise, Fed may consider rate cuts. Challenges in labor market but overall outlook positive.

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Barchart

Stocks Continue to Slide Lower as Sell-Off in Tech Continues

The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.92%. Stock indexes today are lower despite the US weekly continuing unemployment claims rising to...

International Business Times UK

Chaos At Mumbai Job Interview As Over Reportedly 15,000 Applicants Show Up For 1,800 Roles

High job seeker turnout in Mumbai, India, raises concerns as unemployment climbs to 9.2%, with women and rural areas most affected.

The National (Scotland)

Unemployment rate increases in Scotland, report finds

Unemployment in Scotland rose slightly in the last quarter, according to the latest figures.

The Guardian - UK

Ed Davey apologises to Alan Bates at the Post Office Horizon inquiry – as it happened

Lib Dem leader had declined meeting with campaigner in May 2010, saying "‘I do not believe it would serve any useful purpose’

The Guardian - AU

Australia’s unemployment rate inches higher to 4.1% in June making a rate cut less likely

Jobless figure up from 4% in May, despite 50,100 new roles being created across the economy, raising prospect of higher RBA interest rates

Caixin Global

China’s Youth Jobless Rate Falls for a Third Month to 13.2%

Jobless figures encouraging but concern at 11.8 million graduates entering the job market this year

The Conversation

South Africa has a joblessness crisis: fixing it will take fresh thinking to find a game-changer

Everyone agrees that solving the unemployment problem in South Africa is the number one priority for economic policy for the new government, as it has been for all governments since 1994. What is less clear, and highly contested, is what should be done to solve this problem.

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