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FORGOTTEN HISTORY: 62 | History Defined

US applications for unemployment benefits fall again as job market continues to show strength

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates

The Independent UK

Graduates struggling to find work

The National Statistical Office (NSO) expressed concern on Wednesday over the high rate of unemployment among new graduates -- now representing the biggest portion of the nation's jobless, according to a survey.

Bangkok Post

Dollar Gains as FOMC Minutes Signal No Imminent Fed Rate Cut

The dollar index (DXY00 ) on Wednesday rose by +0.27% and posted a 2-1/2 week high. Weakness in stocks on Wednesday boosted the liquidity demand for the dollar. The dollar also found support from the minutes of the Dec 12-13 FOMC meeting that said policymakers agreed it would be appropriate...

Barchart

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Stocks Extend Tuesday’s Losses as Bond Yields Climb

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.68%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.75%. Stocks this morning are lower, with the S&P 500...

Barchart

Labor could raise welfare payments for cost-of-living relief without stoking inflation, economists say

Albanese government would need to couple any increases in unemployment benefits and pensions with savings, experts say

The Guardian - AU

S&P Futures Tick Lower Ahead of FOMC Meeting Minutes and U.S. JOLTs Report

March S&P 500 E-Mini futures (ESH24) are trending down -0.31% this morning as investors looked ahead to the latest reading on U.S. job openings as well as the release of the Federal Reserve’s December policy meeting minutes.

Barchart

S&P Futures Slip Ahead of FOMC Meeting Minutes and U.S. JOLTs Report

March S&P 500 E-Mini futures (ESH24) are trending down -0.34% this morning as investors looked ahead to the latest reading on U.S. job openings as well as the release of the Federal Reserve’s December policy meeting minutes.

Barchart

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Brickbat: Union Dues

A new Illinois law makes it illegal to interfere with, obstruct, or impede a picket line, demonstration, or protest. It isn't clear if this can be used against counter protesters. Another new state law says that independent contractors count as "newly hired employees" under the Unemployment Insurance Act. And another…

Reason

Year in Review | How India’s economic indicators fared in 2023

2023 saw India's GDP grow at a higher-than-expected rate, with inflation & unemployment rates varying, and repo rate remaining unchanged.

The Hindu

Lessons on the economy from 2023 and forecasts for 2024

City Voices: Why 2024 will be better than 2023

Evening Standard

Hafta letters: Government jobs, elders and respect, unemployment

Hi NL, love your work.

Newslaundry

Economy's Resilience Shocks Experts, Misery Index Hits Record Low

Discover why voters perceive the economy differently despite its strong performance. Explore factors such as political polarization, inflation, and future ...

Top News

Jobless Claims Rise Slightly, Labor Market Remains Steadfast

Unemployment claims in the US ticked up, but the labor market remains strong. Don't panic, as jobless benefits still hover at a low level.

The Independent UK

US applications for jobless benefits rise but labor market remains solid

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy

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The Hindu

‘High rate of unemployment among educated youth remains cause of concern’

The Hindu

Are graduates facing unemployment?

Youth unemployment is a structural feature of the Indian economy, with high rates of unemployment amongst educated job-seekers. This analysis looks at the data.

The Hindu

Karnataka CM launches registration for ‘Yuva Nidhi’ in Bengaluru

Karnataka Chief Minister Siddaramaiah on December 26 launched the registration of the fifth and last poll guarantee ‘Yuva Nidhi’ in Bengaluru offering unemployment assistance to graduates and diploma holders.

The Hindu

Investments of ₹1.25 lakh crore fell through due to hostile environment, alleges TDP MP

TDP MP Ravindra Kumar alleges rampant corruption & hostile business environment drove away industries from A.P., leading to 24% unemployment among graduates & thousands of youth taking their lives.

Barchart

Unemployment, PMI and Other Can't Miss Items This Week

Last week the market finished green again with the S&P 500 finishing up almost 1%. This makes it the 8th consecutive week with the SPY finishing higher than it opened.

The Hindu

Unemployment the most burning issue in the country: Kharge

Unemployment is the most burning issue in the country, Congress president Mallikarjun Kharge said

The Hindu

Economy growing but wealth not getting distributed, says Rahul Gandhi

Rahul Gandhi shares his advice to students on connecting with people, listening deeply and being kind to themselves, while discussing India's economic growth and unemployment, wealth concentration & civil war in Manipur.

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