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SHOCKING: 55 | Mind Blowing Facts

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

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

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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.

Barchart

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

The Guardian - UK

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 Hindu

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

The Guardian - UK

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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.

AAP

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.

The Hindu

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.

International Business Times

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,...

Barchart

US Jobless Claims Drop To 211,000, Labor Market Thrives

Latest report shows a decrease in U.S. unemployment claims, indicating a robust labor market amidst Fed's rate hikes.

Top News

Dollar Climbs on Higher Bond Yields and Weak Stocks

The dollar index (DXY00 ) this morning extended Wednesday’s sharp rally to a 4-3/4 month high and is up by +0.16%. Higher T-note yields today are supporting the dollar as the 10-year T-note yield rose to a 4-3/4 month high. Also, US weekly initial unemployment claims fell more than expected...

Barchart

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The Hindu

We will put as much money in the hands of people as the Modi government has given to billionaires, says Rahul in Rajasthan

Rahul Gandhi criticizes Modi government for ignoring unemployment and inflation issues, vows to prioritize poor and marginalized if elected.

The Hindu

PM does not dare to discuss unemployment, price rise, says Raja

Despite making tall claims about development, Prime Minister Narendra Modi does not dare to discuss issues such as unemployment and price rise, Communist Party of India (CPI) national secretary D. Raja said here on Thursday

The Hindu

CSDS-Lokniti pre-poll survey | Economy takes front seat in 2024 campaign

The coming Lok Sabha election is framed as a contest between competing narratives, with political parties vying to convince voters of their ability to effectively address economic uncertainties; unemployment and price rises emerge as primary concerns for voters, reflecting a shift in their priorities compared with previous elections.

The Hindu

CSDS-Lokniti pre-poll survey | In search of a dignified economic life

Over 60% of respondents assert that getting a job has become much more difficult now and 71% of respondents claim that prices have increased considerably in the last five years

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WEKU

6 months into war, Palestinians face high unemployment and a 'disastrous' economy

A Palestinian Authority official says there are around 700,000 Palestinians in the West Bank and Gaza who have gone six months without work since the war between Israel and Hamas began on Oct. 7.

The Hindu

On unemployment in Indian States

An analysis in The Hindu on unemployment in major Indian States

Ballotpedia

U.S. unemployment insurance claims rise to 221,000 April 2024

New applications for U.S. unemployment insurance benefits rose 9,000 for the week ending Mar. 30 to a seasonally adjusted 221,000. The previous week’s figure was revised up by 2,000 to 212,000. The four-week moving average as of Mar. 30 increased 2,750 from the previous week’s revised average to 214,250.

The Hindu

Youth 'taken for ride' by BJP's 'double-engine' govt in Uttar Pradesh: Congress

Congress criticizes BJP's "Double-Engine" government in Uttar Pradesh for failing youth, challenges PM Modi to address unemployment crisis.

Latin Times

Latino Unemployment Rate Drops With Another Blowout Report that Exceeds Expectations

Concretely, the rate decreased to 4.5%, a little over the general one, at 3.8%

International Business Times

March's Job Report: The Three Numbers That Should Matter The Most For The Fed And Wall Street

The Federal Reserve and Wall Street should look below the headline March jobs report released Friday to three numbers that matter the most for inflation and interest rates -- labor force participation, unemployment rate, and hourly earnings.

WEKU

Construction boom helps fuel job gains in March

U.S. employers added 303,000 jobs last month, and the unemployment rate dipped to 3.8%. Construction companies added 39,000 jobs, despite high interest rates.

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