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SHOCKING: 55 | Mind Blowing Facts

The government shouldn’t boast about Australia’s latest CPI figures, but it shouldn’t panic either

Inflation appears to be under control, and real wages are now growing – but for those with Hecs/Help debts, the pressure is very real

The Guardian - AU

Louisiana House committee advances unemployment insurance indexing bill (2024)

The Louisiana House Committee on Labor and Industrial Relations advanced a bill on Apr. 18 that would index the length of unemployment insurance benefits to the state’s unemployment rate. House Bill 119 would reduce the maximum number of benefit weeks to 12 when the unemployment rate is at or below…

Ballotpedia

‘Forced’ move: Rwandans grapple with own fears over UK asylum seeker plan

Amid high unemployment and a housing crisis, many in Rwanda are apprehensive about the $272m migrant deal with the UK.

Al Jazeera

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PM has new tactics for diverting attention from real issues: Rahul Gandhi on Modi’s ‘redistribution of wealth’ remarks

Lok Sabha election 2024 news: Congress accuses PM Modi of diverting attention from real issues like unemployment and inflation in India

The Hindu

BJP gave people inflation and unemployment, says Mann

Bhagwant Mann hit out at the BJP-led Centre, accusing it of failing to deliver in the past 10 years and now seeking votes in the name of religion and caste.

The Hindu

Modi’s guarantee a bundle of lies, says M.A. Baby

CPI(M) leader M.A. Baby criticizes PM Modi, accusing him of falsehoods, farmer suicides, and unemployment, urging against a third term.

The Hindu

US Jobless Claims Unchanged, Economy Remains Resilient

Explore the latest U.S. labor market trends, including steady jobless claims, strong hiring, and sector-specific job cuts amidst economic challenges.

Top News

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Australia’s unemployment rate rises to 3.8% in March as employers shed more than 6,000 jobs

Reserve Bank and Treasury had predicted unemployment rate would rise from February’s 3.7% as interest rates bite

The Guardian - AU

Jobs market holds ground despite rise in unemployment

The official jobs data was more subdued in March as widely expected following a surprisingly strong February result.

AAP

Rich get richer than rest: Australia's wealth gap grows

Australia's wealthiest households have comparatively added more to their pile than those at the bottom and rising unemployment is set to further widen the gap.

AAP

Connecticut committee advances bill proposing increased threshold for felony unemployment insurance fraud

Connecticut House Bill 2570, which proposes increasing the threshold for felony unemployment insurance fraud from $500 to $2000, advanced from the Joint Judiciary Committee on Apr. 5 by a vote of 24-13. The Joint Labor and Public Employees Committee approved the bill with a vote of 8-4 on Mar. 7.…

Ballotpedia

Modi report card, Ep 1: The real story behind India’s unemployment rate

PM Narendra Modi’s government claims that India’s unemployment rate has been reducing over the years. But how accurate are the official figures?

Newslaundry

Inequality, unemployment, inflation in India are at all time high, says Parakala Prabhakar

Inequality, unemployment among youth, inflation of various commodities and household debt are at an all-time high in the country, said political economist Parakala Prabhakar

The Hindu

Rising unemployment points to worrying signs for UK economy

Continuing levels of inactivity due to ill-health and caring responsibilities suggest all is not well

The Guardian - UK

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Barchart

Stock Index Futures Slip Ahead of U.S. Economic Data, U.S. Bank Earnings and Powell Speech on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.28%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.32% this morning as U.S. Treasury yields continued to rise, while investors looked ahead to quarterly reports from more big banks, remarks from Fed officials, and a fresh batch of U.S. economic…

Barchart

Stock Index Futures Tick Lower Ahead of U.S. Economic Data, U.S. Bank Earnings and Powell Speech on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.04%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.08% this morning as U.S. Treasury yields continued to rise, while investors looked ahead to quarterly reports from more big banks, remarks from Fed officials, and a fresh batch of U.S. economic…

Barchart

Stock Index Futures Tick Lower Ahead of U.S. Economic Data, U.S. Bank Earnings on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.11%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.09% this morning as investors braced for quarterly reports from more big banks and industry heavyweights while also awaiting a fresh batch of U.S. economic data and remarks from Fed officials.

The Guardian - UK

UK unemployment rate leaps to 4.2% amid fears of job cuts

Pay growth is stronger than expected, underlining dilemma over when to cut interest rates

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The Hindu

Lok Sabha election 2024 | PM Narendra Modi is the instrument of the biggest, richest businessmen in India: Rahul Gandhi

Lok Sabha elections: Rahul Gandhi criticizes PM Modi for favouring rich businessmen, neglecting farmers and unemployment issues in Kozhikode rally.

The Guardian - UK

Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

AAP

Jobs market muscle put to test with fresh data due

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

The Hindu

Instead of attacking him for eating fish, Tejashwi tells PM to speak up on poverty, unemployment, inflation

A viral video showing Tejashwi Yadav eating fish fry has created political turmoil and triggered a national debate, with BJP leaders accusing him of hurting Hindu sentiments.

The Hindu

Women voters in Uttarakhand’s Garhwal laud BJP’s ‘pro-women’ schemes; flag delay in rehabilitating Chamoli disaster victims

Lok Sabha polls 2024: Women voters in Chamoli, Uttarakhand express concerns over delayed disaster rehabilitation, unemployment, and rising prices ahead of Lok Sabha polls.

International Business Times

Educated And Unemployed: India's Angry Young Voters

At a run-down job centre in the suburbs of India's financial capital Mumbai, 27-year-old Mahesh Bhopale dreams of a well-paid government post -- just like millions of other young, unemployed graduates.

Barchart

Dollar Sees Support from Outlook for the Fed to Delay Rate Cuts

The dollar index (DXY00 ) on Thursday climbed to a 4-3/4 month high and slightly higher. Higher T-note yields Thursday supported the dollar after the 10-year T-note yield rose to a 4-3/4 month high. Also, Thursday’s US weekly initial unemployment claims report fell more than expected to a 5-week low,...

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